Daily (13.03.2019): NBP spot tumbled by 4% on Tuesday, due to strong wind power output and rising temperatures

13/03/2019 10:24 Daily


Oil prices inched up on Tuesday, supported by Saudi Arabia's plan to tighten supply in April. A shortage in Venezuelan oil exports due to a power outage also boosted prices. However, gains were limited by rising U.S. crude production. Both Brent and WTI crude rose by 0.1% to $66.67 a barrel and $56.87 a barrel respectively.

British gas prices weakened on Tuesday as strong wind output led to reduced gas demand from power generators. Furthermore, rising temperatures also lent support to prices. NBP spot dropped by 4% to 40.70 p/therm, while the Q2 2019 delivery contract traded 1.9% lower at 40.49 p/therm.


European day-ahead power prices plummeted on Tuesday, due to lower demand and rising electricity output from wind turbines. The price for the German spot power contract tumbled by 50.7% to 18.05 EUR/MWh, while the equivalent French contract traded 26.7% lower at 28.88 EUR/MWh.


Along the curve, electricity prices posted gains, influenced by higher carbon prices. The price for the German power contract for delivery in 2020 rose by 1.1% to 48.43 EUR/MWh, while the equivalent French contract traded 0.7% up at 51.46 EUR/MWh.


EU carbon prices increased slightly on Tuesday, on continued ambiguity around Brexit. The price for the 2019-expiry contract was 0.2% higher at 22.33 EUR/tonne.

Engie pushes back outage of Belgian Tihange 1 nuclear reactor

17/07/2019 08:29:00

Engie Electrabel, the Belgian subsidiary of French energy group Engie, has postponed the planned outage of one of its nuclear reactors due to a delay in the delivery of some required parts, a spokesman said on Tuesday.


Vestas scoops 415MW prize at Saudi mega-farm

17/07/2019 08:25:00

Vestas has secured a 415MW turbine order for Saudi Arabia’s first utility-scale wind farm.


Daily (16.07.2019): EU carbon prices extended a fresh 11-year high on Monday, boosted by a weakening allowance supply

16/07/2019 10:15:00

Crude oil prices decreased on Monday, following mixed Chinese economic data and amid anticipations of a short-term impact of the tropical storm in the Gulf of Mexico on U.S. offshore oil output. A softening in the tensions between the West and Iran added pressure on prices. Consequently, Brent crude edged down by 0.4% to $66.48 a barrel, while WTI futures lost 1.1% to settle at $59.58 a barrel.