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Daily (05.07.2021): German and French spot plummeted by around 13% on Friday amid forecasts for strong wind generation
Crude oil prices ended on a mixed note on Friday awaiting the outcome of a meeting of the OPEC and its allies after a dispute emerged over plans to further ease production curbs through the end of the year. In this context, Brent crude edged 0.4% higher to settle at $76.17 a barrel. Meanwhile, the American WTI closed rather flat at $75.16 a barrel.
read more... 05/07/2021
Spain earmark 1.3 bln euros in aid to renewable power generation for private consumption
The Spanish government approved a 1.3 billion euro ($1.55 billion) plan to finance investments in renewable power generation for private consumption with the rescue funds to be disbursed by the European Union, spokesperson Maria Jesus Montero said on Tuesday.
read more... 30/06/2021
Grid will say bye to coal in 2024!
Monday 30th September 2024 will mark the last day coal is used for power generation in the UK.
read more... 30/06/2021
Daily (24.06.2021): The German day-ahead power price extended its 4-year high on forecasts for less wind generation
Crude oil prices advanced on Wednesday, as the EIA weekly report showed another drop in US crude reserves. Hence, Brent oil gained 0.5% to settle at $75.19 a barrel, while WTI crude edged 0.3% up at $73.08 a barrel.
read more... 24/06/2021
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Spain to suspend 7pc power generation tax in 3Q
The Spanish government will suspend a 7pc blanket tax on power generation for the third quarter as part of provisional measures to mitigate the impact of high wholesale electricity prices on consumers' bills, environment and energy minister Teresa Ribera said.
read more... 23/06/2021