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Daily (03.08.2021): European spot electricity prices skyrocketed by over 200% on Monday amid expectations of low wind
Crude oil prices fell for the second day in a row on Monday as highly contagious Delta variant of coronavirus sparked new mobility restrictions around the world, raising worries about demand recovery. Higher crude output from OPEC producers put further downward pressure on crude prices. Hence, Brent crude shed by 4.9% to settle at $72.58 a barrel. U.S. WTI crude ended 3.6%, lower at $71.26.
read more... 03/08/2021
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EU electricity demand rebounds without more emissions
Electricity demand in the European Union has returned to pre-pandemic levels without a corresponding rise in emissions, according to a report published Wednesday by an energy think tank. An analysis of data from grid operators showed that electricity demand in the EU during the first half of 2021 almost matched the demand in the same six-month period two years earlier, the report by Ember said.
read more... 29/07/2021
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Hard coal needed to keep German lights on
German electricity generation volumes from hard coal rose by more than a third in the first six months of 2021, showing the energy source plays a vital role in keeping the lights on, importers group VDKi said on Wednesday.
read more... 29/07/2021
French scheme to support electricity production from renewables gets EU nod
A French aid scheme to support renewable electricity production complies with EU State aid rules, the European Commission’s antitrust chief said on July 27, adding that the measure will help France achieve its renewable energy targets without unduly distorting competition and will contribute to the European objective of achieving climate neutrality by 2050.
read more... 28/07/2021
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French grid operator’s ‘software-controlled battery experiment’ begins
A grid-scale battery energy storage system (BESS) has come online in northeastern France, which will be used by the national transmission grid operator RTE to assess the role of automated electricity storage in managing power flows.
read more... 27/07/2021