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EU to revamp power market, aiming to blunt price spikes
The European Commission is set to propose a revamp of Europe's electricity market rules on Tuesday, aimed at expanding the use of fixed-price power contracts to shield consumers from severe price spikes like those experienced last year.
read more... 14/03/2023
Daily (13.03.2023): Forward electricity prices increased sharply on Friday amid escalated concerns over the nuclear availability in France
Oil prices rose on Friday on the back of a better-than-expected U.S. employment indicator that suggested less severe than expected monetary tightening. As a result, Brent crude ended 1.5% higher at $82.78 a barrel.
read more... 13/03/2023
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Daily (10.03.2023): Concerns over French nuclear generation contributed to the rise in forward electricity prices on Thursday
On Thursday, oil prices declined as traders continued to worry about the effects of excessive monetary tightening on the economy rather than the market fundamentals. As a result, Brent crude ended $1.07, or 1.3%, down at $81.99 a barrel.
read more... 10/03/2023
EU draft shows plan for more fixed-price electricity contracts
The European Union wants to expand the use of contracts that pay power plants a fixed price for electricity, a draft proposal showed, to shield European consumers from big price swings.
read more... 08/03/2023
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Britain uses coal-power back up for the first time with supply tight
Britain's National Grid called on reserve coal-power units for the first time to provide electricity during a period of expected tight supplies on Tuesday as a cold snap sweeps the country.
read more... 08/03/2023