Daily (03.08.2020): NBP spot climbed by 5% on Friday, due to higher gas-for-power demand

03/08/2020 11:10 Daily


Crude oil prices inched higher on Friday, stimulated by a weaker dollar and record high oil supply cuts by US in May. Consequently, Brent crude rose by 1.2% to $43.75 a barrel, while WTI futures increased by 0.6% to $41.27 a barrel.

The NBP day-ahead price spiked by 5% to 13.20 p/therm on Friday as a decrease in wind output boosted gas-for-power demand. Further along the curve, the contract price for delivery in Q1 2021 declined by 0.4% to 35.46 p/therm influenced by uncertainty over long-term gas demand.


European spot power prices were bearish on Friday, weighed by lower power consumption. The price for the German day-ahead power contract plunged by 28.5% to 28.31 EUR/MWh, while the equivalent French contract settled 20.8% lower at 32.80 EUR/MWh.


Meanwhile, forward electricity prices added ground, tracking higher carbon prices. The price for the German power contract for delivery in 2020 increased by 0.7% to 39.37 EUR/MWh, while the equivalent French contract settled 0.7% higher at 44.32 EUR/MWh.


EU carbon prices rebounded on Friday ahead of a month-long reduction in auction supply. The contract expiring in 2021 rose by 2.9% to 26.64 EUR/tonne.

Daily (21.09.2020): German spot power price fell by more than 13% on stronger wind output

21/09/2020 11:25:00

A slide in oil prices was noticed on Friday, as worries about the increasing number of coronavirus infections across the world stalled oil demand. Furthermore, a potential return of oil output from Libya weighed on the oil market. However, a new tropical storm in the U.S. Gulf of Mexico limited losses. Hence, Brent crude slipped by 0.4% to $43.15 a barrel. At the same time, the American WTI dropped by 0.3% to $41.11 a barrel.


Diesel prices fall again on the back of easing global crude oil prices

21/09/2020 09:11:00

The recent fall in transport fuel prices comes in the wake of softening of global oil prices as an extended run of Covid-19 has depressed demand and created a glut in the market.


Turkey extends renewable energy support mechanism date

21/09/2020 09:03:00

If plant equipment is locally-produced, additional support for five years will be given starting from commission date