Latest news
Vattenfall reveals new Swedish offshore plan
Developer is exploring the possibility a project called Kattegatt Syd off the coast of Falkenberg
read more... 14/07/2020
E.ON to divest innogy’s business to MVM Group
German energy company E.ON has signed an agreement with Hungarian energy firm MVM Group to sell innogy’s entire electricity and gas retail business in the Czech Republic.
read more... 14/07/2020
UK to develop next generation of nuclear energy technology
The UK Government has announced £40m in funding to develop the next generation of nuclear energy technology and unlock several green jobs.
read more... 14/07/2020
Daily (13.07.2020): Crude oil prices jumped by over 2% on Friday, after IEA raised its oil demand forecasts
British gas prices were bearish on Friday as strong wind output put pressure on gas-for-power demand, leaving the system oversupplied. The day-ahead gas price plunged by 8% to 12.65 p/therm. Further along the curve, the Winter 2020 delivery contract ended 1.6% lower at 34.03 p/therm. European spot power prices lost momentum on Friday, driven down by weaker demand forecasts. The price for the German day-ahead power contract plunged by 21.9% to 28.60 EUR/MWh, while the equivalent French contract settled 22.7% lower at 29.38 EUR/MWh. Meanwhile, forward electricity prices lost ground due to weaker gas prices. The price for the German power contract for delivery in 2020 traded 2.2% lower at 42.01 EUR/MWh, while the equivalent French contract settled 1.4% down at 46.94 EUR/MWh. EU carbon prices continued the upward evolution on Friday as buyers continue to increase volumes amid thin selling. The contract expiring in 2021 rose by 1.5% to 29.34 EUR/tonne.
read more... 13/07/2020
GasNet opens first mobile LNG station in Czech Republic
GasNet, a Czech natural gas distributor, has put into operation the first public mobile self-serve unit for liquefied natural gas (LNG) on the Czech market.
read more... 13/07/2020