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


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.

Eneco signs PPA for 487-MW Belgian offshore wind project

12/12/2018 09:16:00

Dutch utility Eneco, one of the shareholders in the 487-MW SeaMade cluster of offshore wind projects in Belgian waters, will buy the entire output of the complex, it said on Tuesday.


Novatek’s $27bn Yamal LNG project reaches full capacity

12/12/2018 09:12:00

Novatek and Total said that the $27bn Yamal liquefied natural gas project (Yamal LNG project) in Russia has reached full capacity following the launch of the third LNG train.


Reliance on coal makes Czechs Europe's fifth biggest CO2 polluters

12/12/2018 09:03:00

Despite the latest UN report on climate change, which warns that global warming will be far greater than expected, surveys suggest Czechs don’t feel personally responsible for the problem.