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Daily (28.11.2018): Power year-ahead prices rose by over 2% on Tuesday, following the upward trend in coal market
An increase in crude stocks and continuing US-China trade concerns weighed down on oil prices on Tuesday. Nevertheless, expectations for a cut in production limited losses. Brent crude edged 0.5% lower at $60.21 a barrel, while WTI crude slipped by 0.1% to $51.56 a barrel.
read more... 28/11/2018
Hungary to boost clean energy with more solar power
Hungary, historically one of Europe's biggest coal consumers, is seeking to expand its solar installed capacity, Sun Investment Group (SIG) said in a statement on Tuesday.
read more... 28/11/2018
PGNiG to invest in hydrogen technologies
Polish PGNiG launched a research and development project called ELIZA. In the future, the company wants to generate hydrogen through electrolysis relying on renewable energy sources and then inject it into gas storage facilities. This has been identified as one of the business areas holding the greatest growth potential for the entire Group.
read more... 28/11/2018
Macron clarifies French energy plans
A total of 14 power reactors will be shut down in order to reduce the share of nuclear in France's electricity generation mix from the current 75% to 50% by 2035, President Emmanuel Macron announced today.
read more... 28/11/2018
Daily (27.11.2018): German spot power price hiked by 22% on Monday, on lower wind generation forecasts
Oil prices gained ground on Monday, on expectations for a reduction in Saudi Arabia’s output, which hit a record level of approximately 11 million barrels per day this month. Moreover, crude inventories at the delivery point for WTI at Cushing, Oklahoma rose less-than-predicted from Tuesday to Friday. However, gains were capped by persisting uncertainty over global economic growth. Brent crude was at $60.48 a barrel, while WTI crude ended at $51.63 a barrel, adding 2.9% and 2.4% respectively.
read more... 27/11/2018