Daily (14.03.2019): Electricity prices on the curve slumped by around 3% on Wednesday due to weaker coal and carbon markets

14/03/2019 11:09 Daily

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Oil prices rose on Wednesday following a strong decline in U.S. inventories and due to sanctions that stalled exports from Venezuela. Brent crude added $0.88, or 1.3%, to close at $67.55 a barrel. WTI futures settled 2.4% higher at $58.26 a barrel.

British wholesale gas prices fell on Wednesday as high wind output reduced gas demand for power generation. NBP day-ahead gas price lost 1.15 pence, or 2.8% to end at 39.55 p/therm, while April 2019 delivery contract traded 3.6% lower at 39.26 p/therm.


European spot power prices surged on Wednesday.  The German day-ahead power price jumped by 80.3% to 32.54 euros/MWh on forecasts for weaker wind power generation and higher electricity demand. The French spot electricity price rose by 21.6% to 35.13 euros/MWh, on expectations for lower solar generation.


Further on the curve, electricity prices declined on Wednesday, due to lower coal and carbon emission prices. The German year-ahead power contract settled 3.4% lower at 46.79 euros/MWh, while the French equivalent one traded 3.2% lower at 49.83 euros/MWh.


European carbon prices tumbled to a one-week low of €22 on Wednesday as traders were confused ahead of the Brexit decision. The carbon contract expiring in 2020 closed 0.2% down at 22.67 euros/tonne.

Daily (16.05.2019): British forward gas prices rose by almost 2% on Wednesday, tracking the bullish trend in oil prices

16/05/2019 10:36:00

Crude oil prices rose on Wednesday, due to the conflict in the Middle East that could disturb global supplies. Meanwhile, a surprise rise in U.S. crude stocks limited the gains. Brent crude climbed by 0.7% to $71.77 a barrel, while WTI futures settled 0.4% up at $62.02 a barrel.

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Gazprom confirms first gas via TurkStream by December

16/05/2019 09:15:00

Russia's Gazprom expects to send its first gas through the TurkStream natural gas pipeline to Turkey by the end of December, Gazprom's deputy chairman Vitaly Markelov said late Tuesday.

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GE Steam Power and partners synchronize 900MW power unit to Polish grid

16/05/2019 09:03:00

GE Steam Power, Polska Grupa Energetyczna (PGE) and the GE-led consortium partners have synchronized the Opole Unit 6, with 900MW generating capacity, to the Polish grid.

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