Daily (12.11.2019): French spot power price surged by over 16% on forecasts for higher demand amid colder weather

12/11/2019 11:17 Daily


Oil prices dropped on Monday due to a lack of direction in the U.S- China trade negotiations. Hence, Brent crude closed 0.5% lower at $62.18 a barrel, while WTI futures fell by 0.7% to $56.86 a barrel.

British gas prices declined on Monday due to an oversupplied system as imports through the Langeled pipeline were at maximum capacity. Moreover, three more LNG cargoes are expected to arrive this week. NBP spot price dropped by 3.9% to 36.65 p/therm. Meanwhile, the Summer 2020 delivery contract ended 1.2% lower at 38.40 p/therm.

European prompt power prices rose on Monday on forecasts for higher demand used for heating due to falling temperatures. The German spot power price surged by 1.2% to 42.20 euros/MWh. The French day-ahead electricity price jumped by 16.2% to 48.45 euros/MWh. 
Further along the curve, contracts were pushed upwards by stronger carbon markets. The German Cal 20’ delivery contract edged 0.1% higher at 46.24 euros/MWh. The French equivalent contract closed 0.3% higher at 48.66 euros/MWh.
European carbon prices were slightly above the €25 level on Monday amid slightly improved economic figures and a satisfactory auction performance. The 2021-expiry contract traded 0.3% higher at 25.31 euros/tonne.

Daily (14.01.2020): NBP spot 3.7% higher on Monday in a short system

14/01/2020 10:01:00

Oil prices settled down for a fifth session in a row on Monday as traders evaluated the possibility of an oversupply in crude amid fading geopolitical tensions in the Middle East. Brent crude for March delivery declined by 78 cents, or 1.2% to settle at $64.20 a barrel. WTI, the US crude benchmark, settled down 96 cents, or 1.6%, to end at $58.08 per barrel.


France to close Havre coal power plant in April 2021

14/01/2020 09:07:00

France’s 580 megawatt (MW) Havre coal power plant will close on April 1, 2021, the energy ministry said on Friday.


Ørsted starts construction at Borssele 1 and 2 offshore wind farm

14/01/2020 08:59:00

Denmark-based power company Ørsted has started construction at the 752MW Borssele 1 and 2 offshore wind farm, located 22km off the coast of Zeeland province, in the Netherlands.