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Daily (12.05.2021): European commodity market saw a bullish sentiment on Tuesday, with power and carbon prices at all-time highs
Oil markets saw small fluctuations on Tuesday, with the Brent crude edging marginally upwards by 0.3%, to end at $68.55 a barrel. Meanwhile, U.S. WTI crude rose by 0.6% to $65.28 a barrel.
read more... 12/05/2021
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Ukraine tests Zaporozhe for ENTSO-E synchronisation
Ukrainian nuclear power plant operator Energoatom and the country's transmission system operator Ukrenergo completed tests last week at unit 1 of the Zaporozhe nuclear power plant for the provision of ancillary frequency maintenance reserve services at +/-20 MW. The tests should confirm the compliance of the unit with the requirements of the Transmission System Code in order to obtain a certificate entitling Energoatom to introduce the power unit to the ancillary services market.
read more... 12/05/2021
Polish solar output reaches record high
Solar power generation surpassed 3.4GW over 13:00-14:00 local time today, according to preliminary figures published by grid operator PSE, up from the previous record of 3.3GW yesterday. Wind power generation rose to around 7GW at 13:00-14:00 today, accounting for about one-third of Polish demand, PSE data show.
read more... 12/05/2021
ETS price floor needed for German coal exit
The price floor would also provide "planning security" for investing in low-carbon capacities to replace the coal-fired capacities, Climate Neutrality Foundation managing director Rainer Baake said today at the presentation of the study, which was prepared by research institute Oeko-Institut.
read more... 12/05/2021
Daily (11.05.2021): Front-year European electricity prices rocketed at multi-year highs on Monday as carbon broke the 52 EUR/t mark
Oil markets lacked a clear direction on Monday, with the Brent and WTI crude climbing marginally at $68.32 a barrel and $64.92 a barrel despite a cyber-attack forcing the shutdown of major fuel pipelines in the United States. However, hopes of an upcoming general global demand recovery provided some upside pressure.
read more... 11/05/2021