Daily (5.03.2019): Year-ahead power delivery prices in Germany surged by 1.4% on Monday, due to stronger coal and carbon markets

05/03/2019 10:33 Daily


Crude oil prices soared on Monday on hopes that United States and China could reach an agreement to end their trade war. Brent crude rose by 0.9% to 65.67 USD/bbl, while WTI futures climbed by 1.4% to 56.59 USD/bbl.

British gas prices were rather constant on Monday as strong wind output that reduced demand for gas from power stations counterbalanced forecasts for cooler weather. NBP spot price edged 0.1% lower at 43.78 p/therm, while the Summer 2019 delivery contract traded 0.1% higher at 44.27 p/therm.


European day-ahead power prices lost ground on Monday. The price for the German spot power contract tumbled by 24% to 31.34 EUR/MWh, influenced by strong wind generation. The equivalent French contract traded 0.7% lower at 40.41 EUR/MWh, on stable power output from nuclear reactors.


Along the curve, electricity prices rose tracking higher coal and carbon prices. The price for German power contract for delivery in 2020 hiked by 1.4% to 49.48 EUR/MWh, while the equivalent French contract traded 1.1% higher at 52.33 EUR/MWh.


EU carbon prices extended gains on Monday, for the seventh day in a row, due to a bullish energy complex. The price for the 2021-expiry contract traded 3.7% higher at 23.99 EUR/tonne.

Daily (18.09.2020): European carbon prices fell by more than 5% on Thursday due to stronger selling

18/09/2020 14:15:00

Oil prices rose for the third consecutive day on Thursday, following OPEC’s meeting which had a positive influence on market. However, oil market is still kept under pressure, due to higher supply and flagging demand. Hence, Brent crude soared by nearly 2.6% to $43.30 a barrel. While the American WTI crude gained 2% to settle at $40.97 a barrel.


Nuclear essential to hydrogen future

18/09/2020 08:50:00

Untapped options for clean hydrogen - including the use of advanced modular reactors - can put the world back on the pathway to meeting the Paris climate goals, according to a new report from energy research and consultancy firm LucidCatalyst. The report says the clean energy transition from oil to hydrogen-based fuels could be achieved with a global investment of USD17 trillion, spent over 30 years from 2020 to 2050.


WindEurope seeks clear policy for offshore hybrids

18/09/2020 08:44:00

Trade body calls on EU to enable projects that connect into multiple power markets