Latest news
Spain to remove renewable subsidies from consumer bills
Spain's government has proposed a new law that will gradually separate the funding of renewable energy from consumers' bills and move it to the balance sheets of suppliers and oil and gas companies, it announced Dec. 15
read more... 17/12/2020
Daily (16.12.2020): EUAs extended record high on Tuesday in tandem with a bullish energy complex
Crude oil prices continued to gain ground on Tuesday, boosted by progress on vaccine rollout that helped ease market concerns over a spiral virus outbreak. Hopes for a new stimulus package in the United States added further support to oil prices. Hence, Brent crude for February delivery rose by 47 cents, or 0.9%, to close at $50.76 per barrel. Meanwhile, U.S. WTI crude for January delivery increased by 63 cent, or 1.3%, to settle at $47.62 a barrel. Both contracts posted their highest levels in nine months.
read more... 16/12/2020
UK electricity balancing costs surge to GBP200 million in November
UK system balancing costs rose 33% on month in November as constraint costs ballooned, National Grid data showed Dec. 15.
read more... 16/12/2020
German gas burn running at record high
Strong demand for fossil fuel burn from the power sector this month, given below-average wind levels and colder weather, lifted generation from gas-fired plants to the highest monthly level on record.
read more... 16/12/2020
Belarus suspends Klaipeda oil product exports
Belarus appears to be halting oil product exports through the Lithuanian port of Klaipeda in what may be a politically-motivated move.
read more... 16/12/2020