Daily (15.10.2019): NBP spot spiked by 21.3% on Monday, due to lower send-out rates from LNG terminals and weaker wind output

15/10/2019 12:50 Daily


Crude oil prices fell on Monday on doubts about a China-U.S. trade deal. China declared that further discussions were needed, while U.S. reported that tariffs on Chinese imports are still set to take effect on Dec. 15, if a deal is not reached by that time. A rise in U.S. dollar also put pressure on prices. Hence, Brent crude fell by 1.9% to $59.35 a barrel, while WTI futures dropped by 2% to $53.39 a barrel.

UK gas prices on the curve continued to fall on Monday, influenced by important losses on the oil market. Consequently, the price for delivery in Q2 2020 slid by 0.6% to 44.12 p/therm. In the meantime, NBP spot spiked by 21.3% to 28.15 p/therm, due to lower renewables output and weaker send-out rates from LNG terminals.


European spot electricity prices turned strongly bullish on Monday. The German day-ahead power contract skyrocketed by 121.1% to 43.6 EUR/MWh, influenced by a sharp drop in renewables output and increasing demand in the region. At the same time, the price for the equivalent French contract soared by 74.6% to 43.63 EUR/MWh, due to higher in demand and lower temperatures.


Forward power prices extended their decline on Monday, in reaction to the fall in carbon prices. The German power contract for delivery in 2020 traded 0.3% down at 48.11 EUR/MWh. The equivalent French contract price decreased by 0.2% to 51.17 EUR/MWh.


The EU carbon prices inched down on Monday as Brexit talks during the weekend did not provide a clear solution ahead of the deadline. The price for the contract expiring in 2020 declined by 1.2% to 24.34 EUR/tonne.

Daily (26.06.2020): German forward prices increased by over 2% on Monday tracking stronger carbon prices

26/05/2020 13:15:00

Oil markets were relatively quiet with no significant movements on Monday due to Memorial Day in US and Spring Bank Holiday in the UK. However, o firmer demand and output cuts lent support to prices.


Hard coal alliance proposes runtime extension for 'reserve' under Germany's phase-out - report

26/05/2020 11:49:00

An alliance of hard coal plant operators plans to achieve an expansion of the runtime of Germany's seven most modern hard coal plants by proposing to shift them into an "energy transition reserve" to back up intermittent renewable power production, Christian Geinitz reports for the Frankfurter Allgemeine Zeitung.


Orsted consortium plans offshore Power-to-X play

26/05/2020 11:31:00

Orsted and a consortium of Danish companies have formed a landmark partnership to develop an industrial-scale transport fuel production facility in the Copenhagen area that will be powered by offshore wind in the Baltic Sea.