Fuels and carbon gain from a curve that shows a fall in spot prices
The European spot electricity prices fell on Friday on the back of forecasts that higher wind generation will be occurring and lower demand on Germany's main market. Forward contracts, however, rose in line with gains on fuel and carbon markets. The French baseload for the day ahead fell by 3.4%, to 114 Euros ($120.01 per megawatt-hour (MWh). At 0840 GMT the equivalent German contract had settled at 121 Euros/MWh.
French and Benelux stocks - Factors to watch in November
Here are some company news and stories that could impact the markets in France and Benelux or even individual stocks. The Delen family and Belgian holding company extended their historic shareholder agreements by 25 years. French cybersecurity company CD&R said that Permira and CD&R had received all the regulatory clearances needed for the proposed acquisition of the majority stake in the firm.
Germany Preps for More FSRU Vessels
Germany is expanding its natural gas import options to replace Russian supply. Following are updates on key facilities and terminals being developed to host floating storage regasification units (FSRUs) to receive seaborne liquefied natural gas (LNG). Plans also include shore-based regasification terminals and facilities to import and produce ammonia and hydrogen.STADEState-owned Deutsche Energy…
French farmers take to the streets in protest at Mercosur trade negotiations
Farmers protested across France Monday against the prospect of an agreement between the European Union (EU) and South America’s Mercosur bloc that will intensify the competition in the French agricultural sector. The EU, along with four Mercosur countries - Argentina Brazil Paraguay Uruguay - is pushing for the conclusion of long-running commercial negotiations before the end the year. The protests…
Euro Oil Giants Rethink Renewable Balance
Almost five years ago, BP embarked on an ambitious attempt to transform itself from an oil company into a business focused on low-carbon power. The British company is now trying to return to its roots as a big oil and gas player with a growth story to match rivals, revive its share price and allay investor concerns over future profits.Rivals Shell and Norway's state-controlled Equinor are also scaling back energy transition plans set out earlier this decade.
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. LSEG data revealed that the equivalent French contract was 91 euros/MWh. The Friday contract for Monday was not traded.
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. Guro Marie Wyller…
France's Alstom exceeds cash expectations due to strong orders and cost control
Alstom, the French train manufacturer, beat expectations on Wednesday for its cash position half-year. This was due to increased volumes and cost savings initiatives. Alstom, a manufacturer of trains and signalling for urban and regional railway networks, reported an outflow in cash of 138 millions euros ($146million). According to a consensus compiled by the company, analysts had anticipated a cash outflow of 354 million euros.
RTE: French power exports to reach 22-year-high in 2024 due to abundant supply
French grid operator RTE stated on Wednesday that France's power output could be at its highest level in two decades, due to the abundance of gas for the winter months and the high availability of both nuclear and gas-powered power plants. The return of the nuclear fleet to the market at the start of this year and the heavy rains that boosted hydropower production helped lower the market prices, which had spiked during the energy crisis of 2022.
German wind power supply increases leads to a drop in spot prices
The European power price for Thursday dropped on the back of increased wind generation forecasts in Germany, Netherlands and Belgium. LSEG data show that the price of German baseload electricity for Thursday fell 17.2%, to 125 Euros ($132.83) per Megawatt Hour (MWh), by 0956 GMT Wednesday. The French power price for the day ahead fell by 5.3%, to 124 Euros/MWh. Guro Marie Wyller, LSEG analyst,…
IMF and World Bank leaders promise to work with Trump at UN climate summit
The World Bank and International Monetary Fund chiefs said on Tuesday that they would continue to work with Donald Trump's incoming administration in the United States to provide funding to countries affected by climate change. Kristalina Georgeieva, IMF's chief, told a panel at the U.N. COP29 Climate Summit in Azerbaijan the global lender worked with Trump under his previous administration and was looking forward to working with him again. Georgieva expressed her confidence that the U.S.
German rapeseed plantings for 2025 crop are little changed
The German oilseeds association UFOP estimates that the planted area of winter rapeseed in Germany for the 2025 crop will be similar to the 2024 crop, reducing by 40,000 hectares from the 2024 harvest to between 1,05 million and 1,09 million hectares. This is the first accurate estimate of the plantings of rapeseed in Germany for the next harvest. It said that despite the autumn rains, Germany's rapeseed is in "good to excellent" condition. This puts rapeseed at a good state for winter.
German power prices are falling while France's are rising
On Tuesday, the European wholesale power markets moved in different directions. Germany's spot fell from its near two-year peak due to calm and overcast conditions that reduced its wind and solar production. The French power price for the day ahead rose by 30.4%, to 131 euros per megawatt-hour (MWh), at 0920 GMT. This was due to an increase in demand after Monday's Armistice holiday. The German equivalent remained lower, reflecting Germany's current import dependence.
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. The European CO2 allowances expiring in December 2024 were up by 1.1% to 66.79 Euros per metric tonne.
Three Industrial Projects for Le Havre Announced
The French government has selected winning proposals for a hydrogen import terminal, a renewable fuels facility and a lithium production factory to be built at the state-run port of Le Havre as part of an effort to attract industrial investment, the finance ministry said on Thursday.The land around the port was labelled a turnkey investment site under the 30 billion euro "France 2030" plan, allowing Haropa Port — the public entity that manages the ports of Rouen…
German spot prices fall on the back of a wind forecast, while French prices increase on demand
On Thursday, the European spot electricity prices were mixed. Germany's fell on expectations of increased wind power generation, while French prices rose due to projected higher consumption. The LSEG report also identified the increased solar power and brown coal generation as factors affecting market. German baseload power fell 35.4% to 114.8 euros (123.50 dollars) per megawatt-hour (MWh) by 1035 GMT. This is down from the five-month-highs reached this week.
Earnings of French utility Engie in the third quarter jump 18%
The French utility Engie reported a 18% increase in its third-quarter earnings, citing a strong output of renewable energy and hydropower as well as an increased profit from infrastructure and investments. The company that sells and trades gas and electricity reported third-quarter earnings, excluding nuclear, of 1.47 billion euro ($1.58 billion). By 0720 GMT, shares of the company had risen by 0.8%.
Spots fall as wind and nuclear power rise
European prompt electricity prices fell on Tuesday, as the wind power supply is expected to increase from levels which caused a rise in previous trading sessions. "Residual loads are lower, but remain at high levels." In a research report, LSEG analyst Marcus Eriksson said that he expects lower price spikes. He was referring to the volume of supply needed to meet non-renewable source demand. LSEG…
The future EU energy chief says he will speed up the end of Russian gas imports
Dan Jorgensen wants to end the EU's dependency on Russian fossil fuels as soon as possible, he said at a Tuesday parliamentary hearing. Ursula von der Leyen, President of the European Commission, has given Jorgensen the task to lower energy prices in order to restore Europe's competitiveness as an industrial powerhouse. She also wants to decarbonise Europe's economy and stop the remaining Russian energy imports.
Major Salzgitter shareholder mulls takeover bid
Salzgitter announced on Monday that its second-largest shareholder GP Gunter Papenburg is considering a possible takeover of the German Steelmaker with a partner. The offer is only valid if TSR Recycling and the two-party consortium reach a minimum of 45% of Salzgitter plus one share. Salzgitter has not disclosed the price of its offer. The news caused the shares of the Frankfurt-listed company to rise by nearly 26% as early as 1854 GMT. GP Gunter Papenburg holds 25,1% of Salzgitter.
