In the shadow of tariffs, Europe's markets can benefit from a ceasefire in Ukraine
The markets have bet that a ceasefire agreement between Russia and Ukraine will ease the pressure on energy and euro prices, and also reduce the impact of increased U.S. tensions. Meanwhile, expectations about defence spending has already sent stocks in this sector soaring. Marco Rubio, Secretary of State, arrived in Saudi Arabia Monday to discuss with Russian officials.
German spot contracts increase as imports are expected on Friday
The European power market split on Thursday, with Germany's contract for Friday increasing on the back of an anticipated drop in wind energy supply. Meanwhile, a French contract was expected to rise on a rising wind turbine power demand. As of 1059 GMT, the German baseload for Friday had increased 14.6% to 192.50 Euros per megawatt-hour (MWh).
Storage levels are falling as a result of the German gas event.
The German gas market manager's meeting with key stakeholders at a trade show has not led to the subsidised gas auctions that could boost the flagging underground caverns. In the absence of progress, the biggest economy in Europe faces a question mark over its energy supply during the winter months. The country is trying to conserve funds before a general elections.
Indonesia's new energy supply plan includes a focus on renewable sources of power.
A deputy minister stated on Tuesday that Indonesia aims to increase its share of renewable energies in the electricity supply plan within the next 10 years. This will be fueled by increased solar, geothermal and hydro power. This new plan is known as RUPTL locally. It would replace Indonesia’s RUPTL 2021-2030, which planned a total new capacity of 40.6 gigawatts…
Prices fall quickly on the expected increase in German wind energy supply
The European spot electricity prices dropped on Thursday, as LSEG data predicted that German wind energy generation would triple in the next day. LSEG's analysis said that lower thermal availability was also bullish, but that the demand in the region is expected to decline day by day. French baseload for tomorrow's day fell 10.8%…
On Monday, there will be a decrease in the wind energy supply.
German power prices were not traded on Friday for the Monday. Wind power was forecast to decrease in all of the regions, while France was predicted to have a higher demand. LSEG data shows that the German and French baseload power prices for Monday were not traded by 1037 GMT. As consumption increases on a normal weekly cycle, residual load also increases.
Japan's JERA plans on expanding US LNG purchases in order to diversify the energy supply
JERA, Japan's largest LNG buyer, is planning to increase its purchases from the United States in order to diversify their supply and meet the demand growth spurred on by data centres and AI. U.S. president Donald Trump promised to unleash the U.S. industry of energy to boost production and threatened the EU if it did not purchase more gas.
Spot prices drop on higher expected wind generation
The European power prices for the next day were lower than on Monday, as a result of a slight decline in wind energy supply. This was partially offset by an increase in electricity demand. LSEG data shows that the price of German baseload electricity for Tuesday at 0933 GMT was 169.75 Euros per Megawatt Hour (MWh), down 2% compared to Friday's Monday price.
Russia warns that new US energy sanctions could destabilise the global market
The Kremlin announced on Monday that it would take all possible measures to minimize the impact of the latest U.S. sanctions against the Russian energy industry. Dmitry Peskov, Kremlin spokesperson, said: "It's clear that the United States is going to continue to attempt to undermine our companies through non-competitive means.
Spot prices drop on strong renewable production
German and French power prices dropped on Monday morning, as a result of the strong production from wind and solar farms in the region. At 1030 GMT, the German baseload power day-ahead was trading at 58 Euros/MWh. LSEG data shows that this was a drop of more than 50% compared to the last traded level, 119.25 euro/MWh, on December 27.
Adani allegations bring India's clean-energy conundrum to the forefront
The allegations of bribery against Adani Group's founder Gautam Adani highlight the increasing difficulty that India's renewable energy developers have in finding buyers for their power. Officials say that while India's central governments wants to move away from coal-fired power generation and towards renewable energy sources…
Ukraine's DTEK will receive 107 million euros from EU and US for the rebuilding of power facilities
The European Commission and the United States have announced that Ukraine's largest private power company DTEK will receive 107 millions euros ($112,30 million) to restore the power plants destroyed by Russian attacks against the Ukrainian energy system. The company stated that it would receive 62.8 million Euros from the EU, and $46.1 from the U.S. Government.
German spot price rises due to lower wind supply
On Monday, the German spot electricity price increased as it was expected that wind and solar production would fall on Tuesday while demand is expected to rise. By 0901 GMT on Tuesday, the German baseload electricity price was 123 euros per megawatt-hour (MWh), up 36.9% compared to Friday's price for Monday delivery.
German Monday contracts are affected by the increase in wind power supply
German spot electricity prices for Monday dropped on Friday, as the wind generation in that region is expected to be higher than usual next week. However, power demand will also rise. LSEG data shows that the German contract price was 90 euros per Megawatt-hour (MWh), down 26.8% compared to the price paid on Friday. LSEG data revealed that the equivalent French contract was not traded.
Gas and Carbon Forward Contracts are on the Rise
The European power contracts for the year ahead were released on Friday. They reflect higher carbon permits as well as gas contracts. LSEG data show that the German 2025 baseload price rose by 1.7%, to 91.14 euros per megawatt-hour (MWh), at 1111 GMT. It had previously reached a high of 91.25 euro/MWh for two weeks. The equivalent French position increased 3.2% to 77.15 Euro/MWh.
Spot prices rise due to low renewables production and increasing demand
European spot electricity prices rose to multi-month highs Monday. Renewables are expected to continue to be low, while demand is projected to increase. By 0901 GMT, the German baseload contract for Tuesday had reached its highest level since June 25, at 145 Euros ($157.99 per megawatt-hour (MWh). On Friday, during the All Saints Holiday, no equivalent price was traded.
What are the differences between Trump and Harris' energy policies?
Both Donald Trump, a Republican, and Kamala Harrias are Democrats. They both want to increase production while keeping prices low for consumers. The main difference is that Harris wants to favor clean energy technologies that are crucial in fighting climate change. Trump, on the other hand, would roll back green regulations which hinder oil and coal drilling.
Net zero target needs $3.5 trillion in annual green energy investment, Wood Mackenzie says
Wood Mackenzie's report on Tuesday said that the investment in green energy must double every year to $3.5 trillion if we are to reach the Paris Agreement goal of net zero emissions by the year 2050. The consultancy's report said that, in addition to the investment gap, global efforts to switch to cleaner energy…
Discounts are maintained in France despite prices falling in Germany
German spot electricity prices for Thursday dropped on Wednesday due to expectations of a higher wind energy supply and lower demand. Meanwhile, those in France rose from a lower baseline, but still maintained a discount compared to the neighboring market. LSEG data revealed that the German baseload power contract…
Palm trades in a sideways manner; weak Ringgit and technical buying limits losses
Technical buying and the weaker ringgit helped limit its losses. At the close, the benchmark contract for palm oil delivery in January on Bursa Derivatives Exchange dropped 6 ringgit or 0.13% to 4,530 Ringgit ($1,039.47). The contract fell 1.59% in two consecutive sessions. A Kuala Lumpur trader reported that the crude palm oil futures recovered from its early losses by midday…
