Daily (11.05.2018): EU carbon contracts hit new 7-year peaks on Thursday following energy gains

11/05/2018 13:47 Daily


Oil prices surged on Thursday, as US sanctions are most likely to affect oil flows from the major exporter Iran. 


Brent crude increased by 0.3% to settle at $77.47 a barrel. U.S. West Texas Intermediate futures went up 22 cents to reach $71.36 a barrel.


UK wholesale gas prices diverged on Thursday, driven on one side by above normal temperatures and on the other side by lower-than-expected supply, caused by certain domestic production disruptions. NBP spot price decreased by 0.3% to 53.45. Winter 2018 delivery contract closed 1.6% up at 60.73 p/therm. 


European prompt power prices soared on Thursday tracking the upward evolution of the carbon contracts. Germany’s baseload price for day-ahead delivery hiked by 67.3% to 42.20 euros a megawatt hour (MWh). Meanwhile, the French equivalent contract posted a 71.85% jump at 41.88 euros. 


Further along the curve, power contracts continued the bullish trend. German Cal 19’, the European benchmark, ended 0.7% up at 40.31 euros/MWh, while the French equivalent contract closed 0.8% at 45.18 euros/MWh.

EUAs carbon prices kept on rising to hit a new 7-year peak on Thursday as demand exceeded supply and a bullish energy complex. The carbon contract expiring in 2019 traded 4.3% up at 14.77 euros a tonne.

Daily (08.08.2018): German electricity spot price tumbled by more than 13% on Tuesday, due to high wind output

08/08/2018 11:38:00

Oil crude prices continued to rise on Tuesday, on concerns over the global oil supplies as U.S. sanctions imposed on Iranian exports have been revived. Brent crude added 1.2% to close at $74.65 a barrel. Meanwhile, WTI crude edged 0.2% higher at $69.17 a barrel.


French, British regions unite for nuclear growth

08/08/2018 09:10:00

As part of the memorandum of understanding (MoU) between Nuclear South West and Nucleopolis, the organisations will share knowledge and opportunities in the nuclear industry and encourage their respective members to explore opportunities to work together.


Siemens completes giant combined cycle power plant in Egypt

08/08/2018 09:03:00

The Egypt Megaproject adds up to 14.4GW of electricity generation capacity to the national grid, enough to power up to 40 million people in the country.