Daily (13.09.2019): Welding anomalies at French nuclear reactors supported spot gas and power prices across Europe

13/09/2019 11:03 Daily


Crude oil prices had another bearish day, after Donald Trump denied the possibility of an interim U.S.-China trade deal. Comments by OPEC+ alliance that deeper cuts would not be decided before a meeting in December and ECB’s decision to cut its deposit rate also weighed on prices. Hence, Brent crude dropped by 0.7% to close at $60.38 a barrel, while WTI futures lost 1.2% to settle at $55.09 a barrel.

British wholesale gas prices were mixed on Thursday.Uncertainty over the impact of a cut in flows through the Opal pipeline led to a slight decline in the Q4 2019 delivery contract, which ended 0.3% lower at 45.71 p/therm. However, worries about nuclear plant issues in France lent support to the day-ahead price, which spiked by 2.8% to 26.50 p/therm.


European prompt power prices increased on Thursday due to welding anomalies at French nuclear reactors which afected demand in the region. Hence, the German spot power price jumped by 3.3% to close at 39.02 euros/MWh, while the French equivalent contract settled 3.9% higher at 38.84 euros/MWh.

Along the curve, power contracts posted losses on Thursday tracking lower forward gas prices. The German Cal 2020 delivery contract lost 1.5% to close at 50.00 euros/MWh. The equivalent French contract declined by 1.3% to end at 53.00 euros/MWh.


European carbon prices rose slightly supported by the ongoing fears of nuclear outages in France ahead of the winter season. The contract expiring in 2021 traded 0.6% higher at 26.43 euros/tonne.

Daily (24.02.2020): Brent down 1.4% on Friday amid fears of accelerated spread of the coronavirus beyond China

24/02/2020 09:59:00

Crude oil futures settled down on Friday as the coronavirus spread accelerated outside China, intensifying concerns about the infection’s repercussions on the economy.


Czech energy group EPH to buy out Uniper in Schkopau plant

24/02/2020 09:28:00

Czech energy group EPH’s subsidiary Saale Energie will take full control of the Schkopau lignite-fired power plant in Germany after agreeing to buy Uniper’s 58% stake, EPH said on Friday.


CIP reaches financial close on 589MW Changfang, Xidao

24/02/2020 09:24:00

Copenhagen Infrastructure Partners (CIP) has reached financial close on the 589MW wind Changfang and Xidao project off the coast of Changhua County, Taiwan.