Daily (10.11.2017): German day-ahead power price fell 39% on forecasts of tripled wind generation

10/11/2017 11:24 Daily


Oil prices increased on Thursday, encouraged by supply reductions by major exporters as well as ongoing worries over political developments in Saudi Arabia. 

Brent crude oil ended 44 cents or 0.7 percent up at $63.93 a barrel, still close to Tuesday's intra-day peak of $64.65, which was the highest since June 2015. Meanwhile, U.S. light crude WTI was up 36 cents, or 0.8 percent, at $57.17, near this week's more than two-year peak of $57.69 a barrel.


British wholesale gas prices surged on Thursday on predictions of colder weather over the next two weeks and higher exports to Belgium, tightening supply outlooks. NBP day-ahead gas price jumped by 0.65 pence, or 1.3%, to 52.10 p/therm. On the forward curve, December 2018 gas contract gained 0.70 pence, or 1.3%, to close at 54.51 p/therm. 


Wholesale day-ahead electricity prices tumbled due to forecasts that German wind turbine generation could more than triple. German Friday baseload was off 39 percent at 31.52 euros/MWh. Meanwhile, the French equivalent contract lost 10% to close at 81.30 euros/MWh.
Power curve prices in Europe varied.


German year-ahead power contract traded 0.5 percent lower at 36.90 euros/MWh, on profit-taking from coal-driven rallies earlier this week. The equivalent French contract slightly rose to settle at 42.2 euros.

European carbon prices slumped for a third consecutive day on Thursday, after EU lawmakers settled a preliminary agreement on post-2020 reforms for the market. December 2018 expiry EU carbon permit prices were 2.2% down at 7.58 euros a tonne.

Daily (21.11.2017): German spot electricity prices surged on lower wind power supply and higher demand

21/11/2017 10:41:00

Oil prices dropped on Monday, prolonging losses ahead of next week's OPEC meeting, while stronger dollar hurt commodities across the board. Brent crude futures fell 50 cents or 0.8 percent to close at $62.22 a barrel. Meanwhile, U.S. West Texas Intermediate (WTI) crude futures settled 13 cents or 0.2 percent down at $56.42. Oil has been under pressure for the last two weeks since peaking in early November.


252 chargers for electric vehicles until 2020 will be provided within NEXT-E project

20/11/2017 16:35:00

NEXT-E project will supply 222 fast (50 kW) and 30 ultra-fast (150-350 kW) chargers for electric vehicles for Czech Republic, Slovakia, Hungary, Slovenia, Croatia and Romania by the end of 2020, as reported by Balkan Green Energy News.


Luxembourg to become a European funding center for renewables

20/11/2017 16:21:00

At the COP23 summit held in Bonn, Luxembourg’s finance and environment ministers met directors of the European Investment Bank to discuss about the institution of a de-risking mechanism to allow the financial backing of ecologically-friendly projects. Luxembourg is a very small country but releases a big amount of emissions and wants to become less polluting.