Daily (13.05.2019): EU carbon prices fell by 3.4% on Friday, amidst bearish technical indicators and weak auction demand

13/05/2019 11:07 Daily


Increased hopes for a trade deal between US and China pushed Brent crude price 0.3% higher to $70.62 a barrel on Friday. However, WTI futures was almost constant at $61.66 a barrel.

UK gas prices declined on Friday, due to warmer weather forecasts. Expectations for more LNG arrivals also weighed on prices. NBP spot plunged by 4.4% to 36.25 p/therm. while the contract for delivery in Q4 2019 traded 2.2% down at 51.29 p/therm.


European day-ahead power lost ground on Friday. The price for the German day-ahead power contract decreased by 16% to 37.61 EUR/MWh on higher wind and solar power output. Meanwhile, the equivalent French contract closed 25.7% down at 33.34 EUR/MWh, due to weak consumption.


Along the curve, electricity prices also declined, tracking lower carbon and gas prices. The price for the German power contract for delivery in 2020 fell by 1.7% to 49.12 EUR/MWh, while the equivalent French contract traded 1.3% lower at 52.24 EUR/MWh.


EU carbon prices lost momentum on Friday, influenced by bearish technical indicators and weaker auction demand. The price for the contract expiring in 2021 decreased by 3.4% to 26.19 EUR/tonne.

ScottishPower wins consent for battery storage at 539-MW wind farm

11/06/2019 10:48:00

The Scottish government has given the thumbs-up to the construction of a 50-MW battery storage facility at the site of ScottishPower Renewables’ 539-MW Whitelee wind farm.


Serbia, Russia to launch joint LNG projects

11/06/2019 10:45:00

The Ministry of Mining and Energy of Serbia and Russian state gas company Gazprom have signed an agreement on the construction of natural gas (LNG) stations in Serbia.


Total produces first gas from Culzean field in North Sea

11/06/2019 10:35:00

French oil major Total has started up production from the Culzean gas condensate field located on Block 22/25a, 230 kilometers off the coast of Aberdeen, in the UK.