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German hourly power drops to minus 50.26 euros per MWh for Sunday

German day-ahead power prices plunged as low as EUR -50.26/MWh on an hourly basis for a fourth consecutive Sunday amid low demand and high renewables feed-in.

read more... 06/04/2020


Hungarian minister highlights importance of nuclear energy

The coronavirus pandemic has underlined the importance of the existing Paks nuclear power plant, which accounts for about half of Hungary's electricity generation, noted János Süli. The minister responsible for the design, construction and commissioning of two new reactors at Paks said that project will maintain the country's energy security and help revive its economy in the coming years.

read more... 03/04/2020


PGE posts 80% rise in 2019 wholesale power sales

Polish utility PGE sold 61.4 TWh of output on power exchange TGE and the balancing market in 2019, up 80% from the pervious year, the company said late on Tuesday.

read more... 01/04/2020


'Hydrogen could meet quarter of world's energy needs – at $11 trillion cost'

A hydrogen economy powered by vast amounts of renewables could meet a quarter of the world’s energy needs by 2050 – but will need $11 trillion of spending on infrastructure and a $150bn subsidy kick-start, said BloombergNEF.

read more... 31/03/2020


EU power prices could drop 40% on recession – Thema

Continental European power prices could fall by up to 40% to EUR 20-25/MWh on average next year should efforts to curb the coronavirus cause a global recession, said Oslo-based consultancy Thema.

read more... 30/03/2020