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Daily (28.07.2020): European Cal’21 power prices declined to a six-week low on Monday, influenced by a 5% drop in benchmark carbon prices

Crude oil futures rose modestly at the beginning of the week, gaining little support from new stimulus package in the U.S. and weaker dollar. However, the persisting spread of COVID-19 and its impact on the economy, as well as U.S.-China tensions slashed prices gains. Hence, Brent crude added 0.2% to settle at $43.41 a barrel. At the same time, U.S.WTI crude increased by 0.8% to close at $41.60 a barrel.

read more... 28/07/2020

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Daily (23.07.2020): French spot power eyed 4.6% gains due to less solar and wind output

Oil prices declined slightly on Wednesday, as U.S. crude inventories rose surprisingly, while demand dropped on worsening relations between Washington and Beijing. Hence, Brent crude fell to $44.29 a barrel. The American benchmark WTI crude edged lower at $41.90 a barrel.

read more... 23/07/2020

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Cornwall Council switches on first smart-grid wind turbine to power more than 1,400 homes with renewables

This turbine claims to be the first of its kind in the UK and is able to make small adjustments to the output in order to support the grid’s stability

read more... 23/07/2020

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Czech government to provide loan for CEZ’s nuclear power station

The Government of the Czech Republic has reportedly agreed to offer an interest-free loan to state-controlled utility company CEZ, to help with construction costs of a nuclear power station.

read more... 22/07/2020

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Romania restarts approach to new Cernavoda units

Romania plans to create a Strategic Coordination Committee for the project to build units 3 and 4 at the Cernavoda nuclear power plant, according to a notice in the government’s official gazette on 14 July. The notice followed another published the same day, stating that the prime minister's 2018 decision to establish a working group for the negotiation of a draft intergovernmental agreement between Romania and China for the project had been abrogated.

read more... 17/07/2020

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