Latest news

Daily (11.11.2020): European Cal’21 power prices reversed gains on Tuesday as vaccine euphoria vanished

Crude oil prices continued to add ground on Tuesday amid optimism generated by a vaccine against COVID-19 and a possible intervention of OPEC + alliance. Moreover, bigger than expected weekly U.S. oil storage draws helped WTI to extend gains. Hence, Brent crude soared by $1.21, or 2.9%, to settle at $43.61 a barrel. Meanwhile, U.S. WTI crude increased by 1.07, or 2.7%, to end at $41.36 a barrel.

read more... 11/11/2020

news

Renewables To Grow 7% In 2020

Renewable power generation capacity will increase by 7 percent this year despite a 5-percent forecast decline in global energy demand, the International Energy Agency said in its Renewables 2020 report.

read more... 11/11/2020

news

French power demand recovery halts on new lockdown

French power demand has this month halted its recovery following the reintroduction of a nationwide lockdown in late October, but the year-on-year decline has still slowed compared with the first round of Covid-19 restrictions in the spring.

read more... 10/11/2020

news

UK Warning Highlights Energy Storage Importance To Renewables

The United Kingdom, which has recently set a record for wind power meeting its demand, issued a security of supply alert earlier this week as wind power output was low due to calm weather. This event highlights the need of increased energy storage capacity able to balance power to the grid at times of strained supply, energy historian and expert Ellen R. Wald wrote in Forbes.

read more... 09/11/2020

news

Daily (06.11.2020): European Cal’21 power contracts rose to 10-day highs on Thursday amid stronger carbon

Oil prices declined modestly on Thursday amid persisting concerns about the impact of the new COVID-19 restrictions over global demand and uncertain outcome of the U.S. presidential election. Hence, Brent crude lost 30 cents, or 0.7%, to settle at $40.93 a barrel. Meanwhile, U.S. WTI crude declined by 36 cents, or 0.9%, to end at $38.79 per barrel.

read more... 06/11/2020

news