Why Russian gas is so important? The Russian invasion of Ukraine skyrocketed European gas and power costs. Meanwhile, European member states scramble to alter their renewable energy programs and ensure gas storage is filled ahead of the winter in order to boost the bloc’s energy independence from Russia. However, the rush to fill the gas […]
What happens if Russian gas stops flowing to Europe? Read More »
The invasion of Ukraine by Russian armed forces resulted in a dramatic increase in electricity prices in Europe. As a result of the war in Ukraine, prices of German power futures (calendar year 2023) had risen by >30% on Thursday, 24th Feb vs a week ago, reaching 182 EUR/MWh. This was a direct result of
The War in Ukraine & Soaring Power Prices Read More »
Why are European gas prices so high? 2021 has seen unprecedented gas and electricity prices. The severely tight gas market scenario that persisted throughout the final months of 2021 was caused by a combination of rising demand and lower-than-expected supply that led to the European gas market crisis. Halted Russian pipeline supply flexibility and lower-than-average
The European gas market crisis. And will the European power price double in 2022? Read More »
Energy Market Highlights 2021 The European energy market price has witnessed completely new levels in 2021 by far surpassing those we had in 2008. The European day-ahead power price was seen >400 EUR/MWh mark in Dec’21 vs the historical market average of around 40-50 EUR/MWh, which is a 10-times increase. The main drivers of the
The European energy market price history and 2021 EU energy crisis Read More »
Europe’s high electricity prices are there to stay for longer than anyone initially expected, and the CO2 EU ETS system is one of the main drivers. Historically we know that commodity market cycles last on average 24 months. Meaning that if we consider that the start of the bull commodity market cycle was in Nov’20,
Europe high electricity prices to remain long-term & Direct impact of CO2 EU ETS system Read More »
