Sources say that India's Assam State has halted its green hydrogen policy, a setback for investors.
Government and industry sources confirmed that Assam, a state in northeast India, has halted its green hydrogen policy, shocking investors who were already suffering from a reduction of incentives for clean energy project. The largest state in the northeast has tried to attract large investments to a region which has lagged far behind the rest of the country when it comes to renewable energy adoption. It has offered financial incentives and exemptions for electricity.
German spot prices to rise due to falling wind supply
The German baseload electricity prices will likely rise next week due to a reduction in wind energy generation of more than half the current output. This is expected to offset a decrease in consumption. LSEG data shows that the German and French Monday basis power contracts were not traded by 0809 GMT. The German wind output is expected to drop by 6.4 gigawatt-hours per hour (GWh/h), to a level of 4.0 GWh/h on average, compared to Friday's levels.
Spot prices are lowered by a combination of wind power, nuclear energy and a shaky demand.
The European wholesale electricity prices fell on Thursday due to lower demand and higher wind generation, particularly in Germany. The market was impacted by the bearish factors, which overrode any impact from the tighter solar output. This is due to the rising temperatures expected into the next week that will increase the demand for power. French baseload electricity for Friday fell 7.3% to 51 euros ($59.83 per megawatt-hour) at 0745 GMT.
UK rejects zonal energy pricing
The British government is not moving to a zoned system of wholesale energy prices, but will instead try to gain greater control over the planning process in order to determine where to build clean energy infrastructure. The UK, with some of the world's highest electricity prices, struggles to find a way to build wind and solar farms, as well as transport them to the various parts of the country.
Ember: Solar power tops EU energy mix for the first time in June
Data from the energy think tank Ember on Thursday showed that solar power became the largest source of electricity in the European Union for the first ever, surpassing wind and nuclear. Coal's contribution also fell to a record low. Solar power generated 22,1% of EU electricity in the last month. This is up from 18,9%% one year ago, thanks to record sunshine and ongoing solar installations that boosted output to 45,4 terawatt-hours (TWh).
Ghana warns about power cuts as Eni, the Italian gas company, works to increase gas supply
The West African nation said that the Italian energy group Eni would temporarily suspend operations on Sunday at a Ghana gas plant to implement an increase in supply, which could result in power outages. Ghana, which is the second largest cocoa producer in the world, has tried to boost oil and gas production, both to increase revenue and to prevent fossil fuels becoming stranded.
German spot is up due to low wind, while French spot falls because of easing demand.
On Wednesday, European wholesale power prices were mixed. France saw lower spot trades while Germany's bid/ask indicators rose on the back of predictions that wind production would be halved. At 0815 GMT, the French baseload was down 19% at 46 euros ($53.85 per megawatt-hour). After closing at 93.8 Euros/MWh, the equivalent German contract did not trade in the indicated range of 94-97 euros.
EIA: US power consumption will reach new highs by 2025 and 26.
The U.S. Energy Information Administration stated in its short-term outlook for energy on Tuesday that the U.S. will reach record levels of power consumption in 2025 and in 2026. The EIA predicted that the power demand would rise to 4,189 kilowatt-hours in 2025, and 4,278 kWh by 2026. This is up from 4,097 kWh at a record in 2024. These increases are due to the data centers that focus on artificial intelligence…
EBRD lends Moldova 400 million euros for energy security
The European Bank for Reconstruction and Development announced on Tuesday a 400 million euro loan ($468 million) to the state-owned energy company Energocom of Moldova for purchasing gas and electricity on European markets in order to increase energy security for the country. This follows the decision of Russian energy giant Gazprom, which halted gas deliveries to Moldova in this year due to unpaid debt.
India's MCX launches electricity futures to hedge against weather-driven demand changes
The Multi Commodity Exchange in India will launch India's first electricity contracts on Thursday. This tool allows power generators, distributors and large industrial users to manage their risk. MCX announced in a Tuesday statement that the exchange would initially offer cash-settled contract for the current three-month period and for the next three months. However, they will be made available thereafter for all twelve calendar months.
Increased usage and lower German wind supply prompts a warning
The European wholesale electricity prices rose on Monday on lower German wind generation forecasts and increased demand for the day ahead. LSEG's research also indicated a lower wind speed in the Benelux area, adding some lignite and nucleus availability under generally neutral conditions. At 0735 GMT, the German baseload electricity for Wednesday was up 4.7% at 94.5 Euros ($111.09 per megawatt-hour (MWH).
Prices for day-ahead solar are higher in Germany
The French and German day-ahead baseload power prices increased on Monday morning, due to a weaker solar production in Germany and heightened demand in France. LSEG data show that the French baseload contract for Tuesday increased by 2.25 Euros to 42.00 Euros per Megawatt Hour (MWh), while the German equivalent contract rose 35.35 Euros to 90.50 EUR/MWh. In France, residual load…
EUROPE GAS - Prices in a narrow range due to stronger winds and healthy supply
Due to a healthy supply of gas and forecasts for higher wind output, Dutch and British wholesale prices traded in a tight range on Friday morning. According to LSEG, the benchmark Dutch contract for August deliveries at TTF hub increased by 0.08 euros to 33.83 Euro per megawatt-hour (MWh) as of 0844 GMT. The weekend contract increased by 0.43 euros to 33.08 Euro/MWh. The British contract for the month of August has dropped by 0.50 pence, to 80.10 cents per therm.
Spot prices are expected to fall on stronger winds
The price of baseload electricity in France and Germany is expected to fall next week, as the wind power production increases. Also, a heatwave that hit Europe earlier this week has decreased. LSEG data shows that the German and French Monday basisload power contracts had not been traded by 8:02 GMT. Analysts at Engie EnergyScan said that "warm temperatures continue to support cooling demand in Spain today…
Andy Home: Metal smelting will be the next major mineral crisis for the West.
The impact of China’s export controls on rare earths has already caused global supply chains to reel, but a more critical mineral threat is imminent. Western metal smelters face a crisis. China's rapid expansion in processing capacity is reducing margins for all metals. Recently, copper smelters located in Namibia and Philippines were placed under care and maintenance because their processing fees had fallen. There are more at risk.
Britain launches a strategy to expand offshore wind and create jobs
The government announced on Friday that Britain has launched its first onshore wind policy, which aims to increase renewable energy capacity and create jobs in this sector. Britain aims to decarbonise the electricity sector in its country by 2030, as part of its efforts to achieve its climate goals and boost energy security. It also wants to reduce its power costs through a reduction in its dependence on fossil fuels.
Clean-energy supporters blast US budget as a setback
Clean energy advocates decried Thursday the House of Representatives' final passage of the President Donald Trump tax cut bill as a reverse in the energy transition. Meanwhile, fossil fuel interests celebrated. The bill now goes to Trump's desk. Trump is expected sign the bill on Friday. The law drastically reduces the 30% tax credit that developers were relying on for their solar and wind projects. This credit was set to last until 2032.
French sugar company Tereos wants to expand its power business in Brazil
An executive from Tereos, a French sugar company, said that the company plans to increase its client base in Brazil for power contract sales by tenfold over the next two years. The goal is to reach 1,000 corporate clients. Samuel Custodio is the head of power commercialisation at Tereos Brazil. He said that the growth would be driven by cross selling to existing sugar and alcohol clients, as well as to potential suppliers and partners, and acquisitions.
As the heat fades, spot prices will continue to fall.
The day-ahead power prices in France and Germany fell for the third consecutive day on Thursday, as temperatures began to cool after a prolonged heatwave. Meanwhile, nuclear availability increased in France. The price decline was less dramatic than it had been on Wednesday. This is because the temperatures are expected to drop more slowly and German wind output will be lower after a sudden increase in mid-week.
Andy Home: Metal smelting will be the next major mineral crisis for the West.
The impact of China’s export controls on rare earths has already caused global supply chains to reel, but a greater threat from critical minerals is imminent. Western metal smelters face a crisis. China's rapid expansion in processing capacity is reducing margins for all metals. Recently, copper smelters located in Namibia and Philippines were placed under care and maintenance because their processing fees had fallen. There are more people at risk.
