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Low wind to prop up German spot prices over Easter
German spot power prices look set to hit their second highest on average for Easter weekend in a decade amid low wind power generation, traders told Montel.
read more... 10/04/2023
Finland to launch 6 GW offshore wind tenders by end of 2024
Finland’s state-owned enterprise for parks will launch tenders for five new offshore wind power projects – with a combined capacity of 6 GW – later this year and in 2024.
read more... 07/04/2023
Brussels eyes grid flexibility to reduce reliance on pricey fossil fuels
The European Commission is proposing new measures to help the EU power grid adapt to changes in demand, aiming to reduce reliance on pricey fossil fuels and enable more renewables to come online.
read more... 06/04/2023
Mexico snares Iberdrola power plants for $6 bln in 'new nationalization'
The Mexican government has agreed to buy 13 power plants from Spanish energy giant Iberdrola in a deal worth $6 billion, which Mexico's president hailed as a "new nationalization" of the electricity market that will amp up state control.
read more... 06/04/2023
Daily (05.04.2023): Spot electricity prices in Europe gained ground on Tuesday due to declining wind power output
Oil prices ended Tuesday’s session rather flat to bullish, failing to capitalize further on surprise output cuts by several members of the OPEC+ alliance, with the market more concerned about demand than supply. As a result, Brent crude ended at $84.94 a barrel, while WTI crude edged around 0.4% higher to settle at $80.71.
read more... 05/04/2023