European Energy Market Update – Week 45 (Nov 27th, 2022)
Energy Market Highlights: To read the prior week’s European Energy Market Update, please follow the link here.
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European Energy Subsidies 2022. What Europe’s Energy Crisis Cost?
Gas and electricity prices in Europe are expected to remain elevated until H1 2023 amid prolonged disruptions to Russian supply and cyclical heating demand fuelling Europe’s Energy Crisis. However, it’s expected that prices are projected to retreat from peaking in H2 2023 because of a likely demand destruction/energy rationing along with improved supply from non-Russian
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RE100 concludes its work on the 2022 RE100 technical criteria update
This week, RE100 published its new technical guidance on the procurement of renewable energy certificates by corporates. When acquiring renewable power and determining their progress toward their RE100 objectives, member firms of the RE100 association must adhere to the RE100 technical standards. Any corporate buyer may use the technical criteria as a reference for purchasing
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EU plans several measures to lower electricity market prices, but would it be sufficient?
Electricity Market Prices at a Glance The electricity market prices have been on the rise since 2021. The situation has significantly worsened following the war outbreak in Ukraine in Feb’22. As a result, electricity market prices have increased to unprecedented levels, with German Cal23 baseload future contract trading above 1.000 EUR/MWh. Since the end of
European Energy Market Update – Week 39 (Oct 2nd, 2022)
Energy Market Highlights: The European power prices decreased this week due to stable gas and bearish coal prices. However, the market remains still nervous about the near future. According to recent reports, several nations are writing a letter to the EU requesting it look into gas price limitations due to inflationary pressures. The EU Commission
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European Energy Market Update – Week 38 (Sept 25th, 2022)
Energy Market Highlights: Power and Gas prices in Europe declined from their peak in Aug’22. German Cal23 baseload power contract felt >50% since then. Nevertheless, the power and gas market for the upcoming winter in Europe remains very tight. Although the gas storage in Europe is approaching its maximum capacity, i.e. 87% capacity this week,
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Europe to fight the skyrocketing electricity prices
OECD Annual Inflation Reading
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European Energy Market Update – Week 35 (Sept 4th, 2022)
European Energy Market Highlights: European electricity prices dropped this week following the EU Commission’s announcement to redesign the electricity market mechanism amid the skyrocketing power price. Y+1 German power contract decreaed about -50% from its high of 1.000 EUR/MWh last Fri. EU gas storage reached 81% capacity this week ahead of the original plan. However,
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European Energy Market Update – Week 34 (Aug 28th, 2022)
Weekly Energy Market Highlights: To read the prior week’s European Energy Market Update, please follow the link here.
European Energy Market Update – Week 34 (Aug 28th, 2022) Read More »