Daily (17.05.2017): EU carbon prices increased above €4.50 for the first time in a week

17/05/2017 14:13 Daily


Oil prices seesawed on Tuesday within two opposed trends. The increasing trend during the session was supported by the news that several OPEC members voiced the opinion to continue supply cuts until March 2018 to reduce a global glut of crude oil. The downward evolution at the end of the day was caused by the data from the American Petroleum Institute indicating an unexpected build in crude inventories.

Brent crude settled 0.33% lower at $51.65 per barrel. Meanwhile, U.S. WTI crude price dropped by round 0.4% to close at $ 48.66 a barrel.


British wholesale gas prices edged up on Tuesday due to falling supplies from Norway and cooler weather forecasts. NBP spot gas price surged by 1.65% to end at 40.15 p/therm. The June 2017 gas contract was 0.1% higher at 36.40 p/therm. 


European spot electricity prices decreased on Tuesday, influenced by weak demand due to warmer weather and a rise in solar power production in Germany. 


German day-ahead power contract declined by 5% at 32.52 euros/MWh, while the German Cal '18 benchmark price rose by around 1% at 29.15 euros/MWh.


French spot electricity prices lost around 4% to close at 33.23 euros per MWh, while the French Cal '18 benchmark price settled 30 cents higher at 35.46 euros per MWh.


EU carbon prices increased by around 3.3% above €4.50 for the first time in a week as a second day of solid auction indicators backed the prices ahead of a 38% decline in supply next week. The EUA Cal2018 contract closed 3.4% higher at 4.58 euros/ton. 

Daily (21.11.2017): German spot electricity prices surged on lower wind power supply and higher demand

21/11/2017 10:41:00

Oil prices dropped on Monday, prolonging losses ahead of next week's OPEC meeting, while stronger dollar hurt commodities across the board. Brent crude futures fell 50 cents or 0.8 percent to close at $62.22 a barrel. Meanwhile, U.S. West Texas Intermediate (WTI) crude futures settled 13 cents or 0.2 percent down at $56.42. Oil has been under pressure for the last two weeks since peaking in early November.


252 chargers for electric vehicles until 2020 will be provided within NEXT-E project

20/11/2017 16:35:00

NEXT-E project will supply 222 fast (50 kW) and 30 ultra-fast (150-350 kW) chargers for electric vehicles for Czech Republic, Slovakia, Hungary, Slovenia, Croatia and Romania by the end of 2020, as reported by Balkan Green Energy News.


Luxembourg to become a European funding center for renewables

20/11/2017 16:21:00

At the COP23 summit held in Bonn, Luxembourg’s finance and environment ministers met directors of the European Investment Bank to discuss about the institution of a de-risking mechanism to allow the financial backing of ecologically-friendly projects. Luxembourg is a very small country but releases a big amount of emissions and wants to become less polluting.