The power capacity in Germany expected to increase by 12.3%

15/06/2010 10:14 Electricity Market


Power producers and transmission companies reported to energy exchange EEX that German power plant availability is expected to increase by 12.3% to 60,894 megawatts (MW) in the week to June 18, according to data from the bourse published on Friday.

The transparency policy at EEX has changed in the beginning of this year, and it comprises data from German grid operators, producers, small plants below 100 MW, as well as live output forecasts. The main purpose of the bourse is to include as well data from Austrian operators, who did not adhere to the new initiative at first, but they were implicated in the previous model. At first, eight companies were sending data, but now the number of the societies grew to 13, and still there are some other 14 which are preparing to join. The most recent data have shown that operators of brown coal-fired capacity will add next week 2,620 MW of available capacity, while operators of hard coal-fired will add 1,875 MW and those of gas-fired installations 845 MW. Oil-fired available capacity is expected to increase by 162 MW, while nuclear will remain stable in the following days. Operators of pumped storage hydroelectric capacity intend to raise it by 1,179 MW to 4,748 MW.

Daily (06.07.2020) NBP spot plunged by almost 5% on Friday influenced by an upward revision of the French nuclear output.

06/07/2020 10:40:00

Crude oil prices lost momentum on Friday, on renewed fears over global fuel demand as U.S reported a surge in coronavirus cases. Nevertheless, signs of improving global economy and OPEC+ record high supply cuts limited the loss. As a result, Brent crude decreased by 0.8% to $42.80 a barrel. Similarly, WTI futures traded 1% lower at $40.24 a barrel.


Swinoujscie terminal receives 100th LNG shipment

06/07/2020 10:05:00

The Swinoujscie gas terminal in north-western Poland received its 100th liquefied natural gas cargo on Friday. The 90,000 tonnes LNG shipment came from Qatar Liquefied Gas Company Limited (Qatargas) aboard the Al-Safliya LNG tanker.


Russia's Novak sees global oil output cuts easing from August

06/07/2020 09:56:00

Russian Energy Minister Alexander Novak said on Thursday that the OPEC+ group of oil producers is expected to start easing oil output cuts from August as previously agreed.