Daily (18.05.2018): French day-ahead power price jumped by 13.2% on Thursday on rising coal and carbon prices

18/05/2018 11:12 Daily

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Oil prices were almost flat on Thursday. Brent futures reached an intraday high of $80.50 a barrel due to a stronger dollar, but finally ended at $79.30 a barrel. WTI crude was constant at $71.49 a barrel.

British wholesale gas prices surged on Thursday due to a bullish oil market, cooler weather and reduced supplies because of minor outages. UK day-ahead gas price gained 2.05 pence, or 3.7%, to close at 57.85 p/therm. Meanwhile, Q3 2018 delivery contract settled 2.7% higher at 56.91 p/therm.


European wholesale electricity prices surged on Thursday tracking higher coal and carbon prices. German day-ahead power price soared by 10.5% to end at 39.11 euros/MWh. The French equivalent contract traded 13.2% up at 38.78 euros/MWh.

 


Further along the curve, German Cal 19’ European benchmark closed 1.7% up at 42.17 euros/MWh. The French equivalent contract ended 1.5% higher at 47.07 euros/MWh.


EU carbon prices spiked to reach a new peak above €15 after Thursday’s auction attracted high interest and cleared at the highest level since 2011. The carbon contract expiring in 2019 closed 0.9% up at 15.48 euros/tonne.

Daily (18.03.2019): European spot prices tumbled by over 30% on Friday due to strong renewables generation

18/03/2019 10:30:00

Oil prices edged lower on Friday as rising crude U.S. weekly production and worries about global economy put pressure on the market. Brent crude slipped by 0.1% to $67.16 a barrel, while WTI futures traded 0.2% lower at $58.52 a barrel.

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Gazprom starts on Serbian CCGT

18/03/2019 09:06:00

Gazprom has started the construction of a 200 MW combined cycle gas turbine (CCGT) power plant in Serbia.

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Bulgaria eyes to receive additional gas from Azerbaijan

18/03/2019 09:00:00

Bulgaria is interested in additional gas supplies from Azerbaijan, Bulgarian Prime Minister Boyko Borisov told reporters, Azernews informed. Borisov noted that during the meeting with President of Azerbaijan Ilham Aliyev, the issue of the construction of an interconnector for connecting to the TAP for the delivery of 1 billion m3 of gas to Bulgaria was discussed.

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