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.

Daily (23.05.2017): European spot electricity prices fell by 6-7% on Monday

23/05/2017 13:02:00

Oil futures rose on Monday to the highest level in more than a month, as speculation that the cuts could be further extended, pushed prices up.


Wind projects obtain most of Spanish 3GW auction

23/05/2017 11:12:00

Wind projects obtained approximately most of the 3GW made available in Spain’s renewable energy auction.


Netherlands will get first LNG cargo from Cheniere's U.S. plant

23/05/2017 09:56:00

The Netherlands is likely to obtain its first liquefied natural gas (LNG) delivery from Cheniere Energy's Sabine Pass export plant in the United States, as indicated by shipping data.