Latest news
Shetland link supplier announced
Hitachi ABB Power Grids has won the order from Scottish and Southern Electricity Networks Transmission, part of the UK energy major SSE plc, to enable Europe’s first multi-terminal high-voltage direct-current (HVDC) interconnection.
read more... 05/08/2020
Ireland’s renewable electricity scheme gets EU approval
Ireland’s Renewable Electricity Support Scheme (RESS) has passed EU state aid rules, allowing it to take provide funding for future renewable projects.
read more... 22/07/2020
National Grid launches work on the ‘world’s longest electricity interconnector’
Siemens Energy will build the UK and Denmark converter stations on both ends of the 765 kilometre-long cable between the neighbouring countries
read more... 15/07/2020
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
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