Daily (11.06.2019): NBP spot jumped by 7.2% on Monday, due to annual maintenance works in Norway

11/06/2019 10:31 Daily


Crude oil prices fell on Monday as Russia and Saudi Arabia didn’t yet agree on extending an output cutting deal, while US-China trade negations are still far from a positive outcome. As a result, Brent crude dropped by 1.6.% to $62.29 a barrel on Friday, while WTI futures lost 1.4% to settle at $53.26 a barrel.


Gas prices spiked on Monday, as maintenance works in Norway reduced flows in the system, while demand remained stable. Chillier weather and fewer LNG imports also supported prices. As a result, NBP day-ahead climbed by 7.2% to 30.40 p/therm, while the contract for Q1 20 delivery closed 2.3% up at 57.72 p/therm.


European day-ahead power prices reversed to their normal values on Monday, as EPEX resolved the technical issue that occurred in the previous trading session. The price for the German day-ahead power contract soared 193.8% back to 44.67 EUR/MWh, while the equivalent French contract closed 68.5% up at 40.33 EUR/MWh.


Forward electricity prices also climbed, tracking higher carbon and gas prices. The price for the German power contract for delivery in 2020 edged 0.9% higher at 48.10 EUR/MWh, while the equivalent French contract traded 0.8% higher at 51.16 EUR/MWh.


EU carbon prices added momentum on Monday, due to a lack of an auction and a public holiday across the major part of the continent. The price for the contract expiring in 2021 rose by 2.8% to 25.92 EUR/tonne.

Daily (13.11.2019): British spot gas price spiked by 6.5% on Tuesday on higher gas-for-power demand

13/11/2019 11:31:00

Oil prices nudged down on Tuesday on no new details after Donald Trump’s speech about the China-U.S. trade negotiations Meanwhile, concerns regarding slower economic growth and weaker oil demand still kept prices under pressure. Brent crude fell by 0.2% to $62.06 a barrel, while WTI futures edged 0.1% lower at $56.80 a barrel.


France's EDF says no damage found so far at Cruas nuclear plant after earthquake

13/11/2019 09:08:00

Checks carried out by French utility EDF at its Cruas nuclear power plant have revealed no anomalies so far, a company executive said on Tuesday, after it extended outages at three of the facility’s reactors until Nov. 15.


E.ON to purchase 3TWh of clean energy annually from RWE Renewables

13/11/2019 09:05:00

Global energy company E.ON has signed an agreement to purchase clean energy from RWE Renewables’ British windfarms.