The Iberian power prices are falling on weather forecasts

23/07/2010 08:00 Electricity Market


Spain electricity demand eases on lower temperatures

The weather forecasts are showing maximum temperatures of 31 degrees Celsius in Madrid, compared to 36 degrees at the moment. The price of a MWh dropped from its record level of 46.51 euros to 44.86 euros, according to the Spanish division of the Iberian electricity market, Omel. The prices were as well influenced by forecasts that wind power will have a significant boost from 4,400 MW to 6,400 MW on Thursday, expected to increase even more than that. Spain consumption represents over 85% of the total Iberian market, with a total consumption of 780 GWh per day.

KKR unit targeting 135-MW FRV solar project in India

22/09/2020 08:53:00

A unit of US private equity group KKR & Co (NYSE:KKR) is in advancedĀ talks to buy the 135-MW Indian solar portfolio of Spain-based Fotowatio Renewable Ventures (FRV), the Economic Times reports.


Daily (21.09.2020): German spot power price fell by more than 13% on stronger wind output

21/09/2020 11:25:00

A slide in oil prices was noticed on Friday, as worries about the increasing number of coronavirus infections across the world stalled oil demand. Furthermore, a potential return of oil output from Libya weighed on the oil market. However, a new tropical storm in the U.S. Gulf of Mexico limited losses. Hence, Brent crude slipped by 0.4% to $43.15 a barrel. At the same time, the American WTI dropped by 0.3% to $41.11 a barrel.


Diesel prices fall again on the back of easing global crude oil prices

21/09/2020 09:11:00

The recent fall in transport fuel prices comes in the wake of softening of global oil prices as an extended run of Covid-19 has depressed demand and created a glut in the market.