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).
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.
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.
Uniper buys German hydropower to hedge against future price increases
The German utility Uniper said that it has sold large quantities of future hydropower production as part of an hedging strategy. Uniper sold 75% (134.86 euros) of its German hydropower production for 2025 and 30% (2026) at an 88 euro/MWh average, according to a presentation made for a conference…
Demand for Spots drops as public holidays approach
The European power price fell on Thursday ahead of All Saints Day in some parts of the region, which falls on November 1. This added to the expectation of a weaker demand for the weekend. Data from LSEG's utility EDF and LSEG showed that the supply of solar and wind electricity is expected to grow, while nuclear power availability will remain flat.
Signals of bearishness are triggered when price trends diverge.
On Wednesday, the direction of spot electricity prices in Germany and France diverged. However, the dominant trends of increasing renewable output and declining demand created a bearish wholesale environment. In Germany, the demand for electricity is down by 1.7 Gigawatt Hours per Hour (GWh/h)…
French spot prices soar on lower wind power outlook
On Thursday, French prompt power surged as the day-ahead output of wind power was only a third of what it is now in Germany, and a fifth less in France. Solar power supply also decreased. "Renewable supplies continue to fall in Germany, which is a bullish sign," said LSEG Analyst RiccardoParviero.
PPA Platform reports that European renewable energy prices dropped in Q3, PPA platform.
The price of European power purchase agreements for green electricity dropped by 12.4% during the third quarter, compared to the same period in 2023. This was revealed on Thursday by the price tracking platform LevelTen. The report cited several factors, including the decline in inflation as…
EEX launches Irish power futures and extends some seasonal expirations
It was announced on Thursday that the European Energy Exchange (EEX), will launch a new set of Irish baseload futures, and extend expiries of a number of products in the Dutch, French, and Japanese power derivatives market, starting Nov. 25. EEX is Europe's largest electricity and gas exchange.
Germany builds LNG import terminals
Germany is expanding its natural gas import options as part of efforts to decarbonise and replace Russian supplies. Here are some details about terminals that will host floating storage regasification (FSRU) units to receive LNG. There are also plans for shore-based terminals, as well as facilities to produce and import ammonia and hydrogen.
Spot prices fall on increasing wind and solar volumes
The European power price fell on Thursday as a result of the expectation that wind and solar energy will be more available in the days ahead. This overshadowed the effect of the rising demand due to the cooling temperatures. At 0820 GMT, the price of German baseload electricity for Friday had fallen by 71.1% to 17.0 euros per Megawatt Hour (MWh).
German spot falls due to drop in usage, while French spots rises on lower wind forecast
The French wholesale electricity price rose on Thursday, as a result of the lower expected wind power production in the region. German prices dropped due to a decline in demand. LSEG analyst Francisco Gaspar Machado stated that thermal capacity will shift from German gas to French coal, Dutch gas to German coal and lignite.
The spot prices of French nuclear and renewable energy are falling sharply
European power prices dropped sharply on Monday as France's nuclear fleet saw its capacity increase by six percentage points and due to expectations that wind and solar energy generation in the region would be higher. Marcus Eriksson of LSEG, an analyst at the company, said that the primary factor…
Shell Accelerating Renewables Push in Germany
Royal Dutch Shell in Germany aims to produce aviation fuel and naphtha made from crops and renewable power and to increase to commercial scale an electrolysis plant that makes fossil-free hydrogen, as it seeks to move away from crude oil.The energy major told an online conference on Friday it…
Amprion Sets Out North Sea Offshore Wind Grid Vision
German power grid company Amprion on Wednesday unveiled long-term plans for joint European offshore wind links in the North Sea and announced a trebling of spending in the next 10 years.Amprion, with 11,000 kilometers of high voltage transmission lines in western Germany, is the second biggest…
Wintershall Dea Earnings Drop
German oil and gas company Wintershall Dea reported a sharp drop in earnings in the first quarter of 2020, prompting it to cut costs and reduce oil and gas exploration.Production amounted to 626,000 barrel of oil equivalent per day (mboe/d) in Jan-March, unchanged from the same 2019 period, the…
Germany Lifts Offshore Wind Capacity Target to 20 GW by 2030
The German government, coastal states, and maritime authority BSH have agreed an offshore wind industry deal raising the new expansion target to 20 gigawatts (GW) by 2030 from currently 15 GW, the economy ministry said in a statement on Tuesday. The long-awaited move, which also involved the onshore transmission grid firms 50Hertz…
MWV Expects Druzhba Shipments Within Days
German oil industry lobby group MWV expects German refineries to receive shipments of clean Russian oil through the Druzhba pipeline via Belarus and Poland within the next several days, a spokesman said on Tuesday.The spokesman for the Berlin-based association (Mineraloelwirtschaftsverband), that represents 14 companies…
Wintershall Dea Seeks European IPO in 2020
Newly created oil and gas group Wintershall DEA plans to hold an initial public offering in the second half of the next year, its chief executive told Reuters, in a deal that could become one of the largest European listings in 2020.Sources said in April that Wintershall DEA had picked the banks to arrange its stock market flotation.Mario Mehren, the CEO of the c
Vattenfall May Raise Offshore Wind Target
Sweden's Vattenfall may raise its target for installing offshore wind power generation in Europe beyond the 11,000 megawatts (MW) it now plans to have in place by 2025, an executive said.Gunnar Groebler, the Swedish power firm's board member in charge of wind, had announced the 11,000 MW target in January…
