Daily (15.05.2017): European spot electricity prices fell by 10-13%, EUAs at 4.5 euros/ton again

15/05/2017 11:43 Daily


Oil prices slightly grew on Friday, boosted by the news about lower U.S. crude inventories and traders’ hope that the global supply glut can be reduced by continued OPEC-led production cuts. 

Brent crude oil closed 0.14% higher at $50.84 a barrel. Meanwhile, U.S. WTI crude price rose by 1 cent to settle at $ 47.84 a barrel.


British day-ahead gas price hiked by around 3% on Friday to end at 39.20 p/therm, as the system was oversupplied. UK gas contracts for delivery in Winter 2018 and Summer 2018 were unchanged.


European spot electricity prices were influenced on Friday by higher wind power output forecasts and easing demand ahead of the weekend. Also, approaching warm air front with more sunshine pointed to a bearish picture for this week.


German day-ahead power contract lowered by more than 10% at 31.99 euros/MWh, while the German Cal '18 benchmark price slightly grew by 1 cent to reach 28.91 euros/MWh.


French spot electricity prices lost around 13% to close at 32.45 euros per MWh, while the French Cal '18 benchmark price settled 1 cent higher at 35.15 euros per MWh.


EU Commission reported on Friday the annual figure that will establish how much spare supply is to be absorbed by the bloc’s Market Stability Reserve. This generated an increase in the European carbon prices by around 2.5%. The EUA Cal2018 contract settled at 4.50 euros/ton, the EUA Cal2019 – at 4.58 euros/ton and the EUA Cal2020 – at 4.65 euros/ton.

UK's electric vehicles could reach a peak demand of 3.5GW by 2030

13/07/2017 14:18:00

According to a long-term forecast by the National Grid, electric vehicles (EVs) could raise demand for electricity by 3.5GW by 2030, and by 18GW twenty years later, which equals to around six Hickley Point nuclear power stations.


Daily (13.07.2017): EU carbon prices by rose 2.7% on Wednesday

13/07/2017 11:01:00

Oil jumped again on Wednesday supported by declining U.S. fuel inventories and a cut in the U.S. government's forecast for crude output. The drop in U.S. crude stocks confirmed that the market rebalancing is under way. Brent crude rose by 0.46% settling at $47.74 a barrel, while the WTI price increased by 1% to $45.49 a barrel.


Hungary’s renewable support scheme gains EU favour

13/07/2017 10:00:00

The European Commission has approved Hungary’s green energy support scheme, which has a budget of €146 million and will give assistance to renewable energy projects.