Daily (18.06.2019): NBP day-ahead climbed by 6.5% on Monday, due to an undersupply in the system and reshuffle of flows

18/06/2019 09:49 Daily


Crude oil prices declined on Monday weighed by fears of an economic growth slowdown amid international trade disputes between U.S., China and India. However, the recent attack on two oil tankers in the Middle East limited losses. As a result, Brent crude dropped by 1.7% to $60.94 a barrel, while WTI futures lost 1.1% to settle at $51.93 a barrel.

British gas prices added ground on Monday, influenced by an undersupply in the system and a reshuffle of flows. Lower renewables output also supported prices. As a result, NBP day-ahead soared by 6.5% to 31.15 p/therm, while the contract for Q1 20 delivery closed 0.3% up at 55.33 p/therm.


European prompt power prices extended gains on Monday, due to rising demand in the region. The price for the German day-ahead power contract climbed by 38.3% to 42.28 EUR/MWh, while the equivalent French contract ended 21.5% higher at 33.77 EUR/MWh, influenced by a projected increase in consumption.


Forward electricity prices also added small gains, tracking higher gas prices. The price for the German power contract for delivery in 2020 edged 0.2% up at 47.62 EUR/MWh, while the equivalent French contract traded 0.1% higher at 50.58 EUR/MWh.


EU carbon prices were almost flat on Monday, despite early weakness on a bearish auction result, but ahead of a full week of sales. The price for the contract expiring in 2020 dropped by 0.1% to 25.32 EUR/tonne.

Daily (11.09.2019): A strong rise in European gas and power prices on Tuesday following several bullish news

11/09/2019 12:16:00

The abrupt firing of the combative U.S. national security advisor John Bolton raised a softer oil supply outlook, leading to a decline in oil prices on Tuesday. The news spurred speculations that U.S. might head for a potential de-escalation in tensions with Iran and an improved trade with Venezuela. However, gains were capped by earlier assurances of continued output cuts from OPEC and its allies. Consequently, WTI futures fell by 0.8% to 57.40 USD/bbl, while Brent crude edged down by 0.3% to 62.38 USD/bbl.


Netherlands to halt Groningen gas production by 2022

11/09/2019 08:34:00

The Netherlands will halt production at Groningen, Europe’s largest onshore natural gas field, by 2022, eight years earlier than initially planned, the Dutch government said on Tuesday.


Wind tender in Germany awards just 37.4% of 500-MW target

11/09/2019 08:29:00

Another onshore wind tender in Germany ended with no real competition, awarding just 187 MW of capacity at the ceiling price of EUR 62 (USD 68.4m) per MWh, Germany’s Federal Network Agency announced today.