Daily (06.12.2018): Gas and power prices fell on Wednesday: low demand, warm weather and strong wind generation

06/12/2018 11:27 Daily

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Oil prices slipped on Wednesday, as President Donald Trump expects steady crude flows. Brent crude price edged 0.8% lower to $62.08 a barrel. Meanwhile, WTI crude fell 0.7% to $52.89 a barrel, as losses were limited by potential cuts in oil production.

British gas prices slumped on Wednesday, mainly due to higher temperatures forecasts and weaker demand. Moreover, stronger wind production weighed down on the demand for gas from power generators. Consequently, NBP spot price decreased by 2.2% to 62.60 p/therm. Q1 2019 delivery contract traded 3% down at 64.59 p/therm.

 

On Wednesday, a downward evolution was noticed in European spot electricity prices, caused by robust wind generation and lower demand due to warmer weather. In other words, the baseload price in Germany for Thursday delivery tumbled by 7.5% to 54.75 euros/MWh, while the French equivalent contract lost 3.4% to 57.59 euros/MWh.

 

Electricity prices on the curve also fell on Wednesday, due to a bearish energy complex. The 2019-delivery contract price in Germany dropped by 1.2% to 51.67 euros/MWh. The French equivalent contract was 1.1% lower at 57.26 euros/MWh.

 

Carbon prices collapsed close to the €20 level on Wednesday, as a weak auction could not provide support. Correspondingly, the carbon contract expiring in 2020 ended 5% down at 20.57 euros a tonne.

Daily (17.04.2019): NBP spot price plummeted by 5.2% on Tuesday, due to strong LNG arrivals

17/04/2019 10:18:00

Oil prices added ground on Tuesday, bolstered by declining Venezuelan and Iranian exports and violence in Libya, which raised concerns over global crude supply. Meanwhile, expectations for higher U.S. inventories limited gains. Brent crude rose by 0.8% to $71.72 a barrel, while WTI Crude increased by 1% to $64.05 a barrel.

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Polish LNG terminal receives 56th cargo

17/04/2019 08:52:00

Polish liquefied natural gas import facility the President Lech Kaczyński terminal in Świnoujście received the 56 cargo on Tuesday.

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Mochovce 3 completes commissioning test

17/04/2019 08:48:00

Slovakia's new reactor Mochovce 3 has successfully completed hot testing. Owner Slovenské Elektrárne (SE) said the plant could be ready for fuel loading this summer, although it will then have to wait for regulatory approval which could take up to eight months.

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