Latest news
Daily (03.01.2023): European spot power prices skyrocketed on Monday, amid the end of holidays and expectations of low wind power generation
Oil prices traded flat on Monday, due to ongoing concerns about demand in China and fears of a global recession. Consequently, Brent crude ended at $85.91 a barrel and WTI oil still at $80.26 a barrel.
read more... 03/01/2023
Daily (02.01.2023): European power prices fell on Friday amid surging wind generation and muted demand
Oil prices were bullish on Friday to end a volatile 2022, as Russia's war in Ukraine shook global markets, boosted global inflation, and fueled recession fears despite most economies emerging from coronavirus lockdowns. Consequently, Brent crude increased by 4.4% to $85.91 a barrel and WTI oil rose by 2.3% to $80.26 a barrel.
read more... 02/01/2023
Daily (28.12.2022): European spot electricity prices fell sharply on Tuesday amid higher wind generation
Crude oil prices barely changed on Tuesday as restarts at some U.S. energy plants closed by winter storms offset gains from hopes of a demand recovery as China eases COVID-19 restrictions. Hence, Brent crude rose by 41 cents, or 0.5%, to settle at $84.33 a barrel, while U.S. West Texas Intermediate crude settled 3 cents lower at $79.53 per barrel.
read more... 28/12/2022
German parliament approves windfall tax
Germany's Bundestag has approved the introduction of a windfall levy on excessive earnings from renewable energy generation as part of a package of measures meant to cap gas and electricity prices through April 2024.
read more... 20/12/2022
Daily (08.12.2022): The German spot price jumped by around 20% on Wednesday due to falling wind generation
Oil prices extended losses on Wednesday, amid fears of a global recession. Consequently, Brent crude fell by 2.7% to $77.17 a barrel and WTI oil ended 3% lower at $72.01 a barrel.
read more... 08/12/2022