Daily (06.07.2018): German day-ahead electricity price slumped by 7.7% due to rising wind supplies

06/07/2018 11:44 Daily


Oil prices dropped on Thursday, due to rise in U.S. crude inventories concerning the potential trade war between world’s major economies - China and the United States. Brent crude slipped by 1.1% to $77.39 a barrel, while WTI crude dropped by 1.9% to $72.94 a barrel.

UK gas contracts were bullish on Thursday, despite the downward evolution in oil and coal prices. NPB spot price surged by 1.2% to 57.3 p/therm, due to lower temperatures and weak wind output. At the same time, the August 2018 delivery contract traded 1.2% higher at 57.97 p/therm.


European spot power prices continued their bearish trend on Thursday, as forecasts for rising wind supplies weighed down on demand for air conditioning.


The German day-ahead delivery contract lost 7.7% to settle at 47.81 EUR/MWh, while the French equivalent contract slumped by 7.3% to close at 51.86 EUR/MWh.

Further along the curve, German Cal 19’ delivery contract gained 0.9% at 44.55 euros/MWh and the French year-ahead power contract ended 1.3% up at 49.43 euros/MWh.


European carbon prices set a monthly record on Thursday, as expansion in power stirred auction on predictions of increased demand from utilities in the upcoming months. The carbon contract expiring in 2021 ended 1.1% higher to 16.74 euros a tonne.

Daily (10.08.2018): NBP spot price dropped by 0.5% on Thursday due to an oversupplied system

10/08/2018 11:35:00

Increased trade tensions between U.S. and China will probably lead to a lower demand for crude, weighing down on oil prices. Brent crude slipped by 0.3% to settle at $72.07 a barrel. On its turn, WTI crude edged 0.2% lower to 66.81 a barrel.


Quadran bags French PV spoils

10/08/2018 08:47:00

French renewable energy company Quadran secured 10 projects with a combined capacity of 65MW in France's latest solar auction.


Scotland provides £5m for oil and gas decommissioning

10/08/2018 08:43:00

The Scottish Government is providing an additional £5 million to help the oil and gas supply chain benefit from decommissioning the North Sea infrastructure.