RUS | ENG | All
Enter the email or login, that you used for registration.
If you do not remember your password, simply leave this field blank and you will receive a new, along with a link to activate.

Not registered yet?
Welcome!

2020-04-02 14:40:00

ENERGY PRICES DOWN

ENERGY PRICES DOWN

REUTERS - APRIL 1, 2020 - European spot electricity prices for day-ahead delivery fell on Wednesday on higher nuclear supply in France and forecasts for increased wind power in Germany, while year-ahead contracts dropped, tracking declines in carbon, coal and gas futures.

* The German over-the-counter baseload contract for Thursday delivery was down 11.2% at 19.75 euros ($21.51) a megawatt hour (MWh) at 1012 GMT.

* The equivalent French day-ahead price fell 6.8% to 20.50 euros/MWh.

* Daily wind power supply was forecast to jump 7.8 gigawatts (GW) in Germany to 20.2 GW on Thursday, according to Refinitiv Eikon data.

* German solar power supply should dip by 820 MW to 6.8 GW, the data showed.

* French nuclear power availability rose by over 2 percentage points to 69.70% of total installed capacity following the restart of two nuclear reactors.

* French wind electricity generation was forecast to slide 1.2 GW to 2 GW, while electricity generation from French solar panels was expected to be flat at 1.7 GW.

* On the demand side, electricity usage was forecast to drop 410 MW in Germany day-on-day to 68.3 GW on Thursday.

* French power consumption was expected to fall by 370 MW to 54.1 GW in the same period, the Refinitiv data showed.

* The average temperature was expected to rise by 2.5 degrees Celsius in Germany on Thursday. The average temperature should remain steady in France at around 8 degrees Celsius.

* Along the power forward curve, Germany's Cal '21 contract , Europe's futures benchmark, shed 1.9% to 34.85 euros/MWh, tracking the fall in oil, coal, gas and carbon emissions prices.

* The equivalent French year-ahead baseload position dropped by 1.7% to 39.10 euros/MWh.

* In eastern Europe, the Czech year-ahead baseload contract fell 1.6% to 39.75 euros/MWh.

* December 2020 expiry European CO2 allowances lost 4.8% to 16.83 euros a tonne.

* Hard coal for northern European delivery in 2021 was down 0.6% at $54.85 per tonne.

* Oil slid to $25 a barrel on Wednesday, within sight of its lowest in 18 years, as a report showing a big rise in U.S. inventories and a widening rift within OPEC heightened oversupply concerns. ($1 = 0.9137 euros)

-----


Earlier:

ENERGY PRICES DOWN
2020, April, 1, 13:05:00
OIL PRICE: NEAR $25
Brent was down $1.45, or 5.5%, at $24.90. WTI was down 27 cents, or 1.3%, at $20.21.
ENERGY PRICES DOWN
2020, March, 31, 13:50:00
OIL PRICE: NEAR $23 YET
Brent was up by 61 cents, or 2.7%, at $23.37 a barrel, WTI was up by $1.04, or 5.2%, at $21.13 a barrel
ENERGY PRICES DOWN
2020, March, 30, 10:25:00
#OilPriceWar AGAINST U.S.
A group of six U.S. senators wrote a letter to Secretary of State Mike Pompeo this week saying Saudi Arabia and Russia “have embarked upon economic warfare against the United States” and were threatening U.S. “energy dominance”.
ENERGY PRICES DOWN
2020, March, 30, 10:20:00
#OilPriceWar: OPEC+: THE NEW AGREEMENT
Saudi energy minister Prince Abdulaziz bin Salman and Russian counterpart Alexander Novak have not held any discussions about a joint agreement to balance oil markets, indicating no resolution to the price war.
ENERGY PRICES DOWN
2020, March, 30, 10:15:00
#OilPriceWar LOSSES $192 BLN
Oil exporters in the Middle East and North Africa region will lose $192 billion in crude income in 2020
ENERGY PRICES DOWN
2020, March, 27, 13:55:00
#OilPriceWar: RUSSIA UNCHANGED
Russia ramped up measures to combat the virus on Wednesday, with Russian President Vladimir Putin announcing that next week would be a paid non-working week throughout the country.
ENERGY PRICES DOWN
2020, March, 26, 11:35:00
#OilPriceWar: CHINA WINS
China is saving about $250mn a day after crude prices crashed this year amid dual demand and supply shocks.
All Publications »
Tags: ENERGY, PRICE
Chronicle:
ENERGY PRICES DOWN
2021, December, 7, 17:39:00
TRANSPORTATION OIL AND GAS CONGRESS, 21th-22th of February, 2022
Business and Technical Views On The Market At The Transportation Oil and Gas Congress 2022
ENERGY PRICES DOWN
2021, December, 7, 17:38:00
LEARN THE LATEST GLOBAL LNG TRENDS WITH LNGCON 2022
The next edition of the International LNG Congress (LNGCON 2022) takes place in Dusseldorf, Germany on March 28-30, 2022. Covering the whole LNG value chain, the Congress brings together decision makers of the industry to tackle the most relevant issues such as the role of LNG in the transition towards zero-carbon shipping.
ENERGY PRICES DOWN
2021, December, 7, 17:37:00
ENERGY WEEK CENTRAL ASIA & MONGOLIA 2022
To learn more, join the upcoming high-level international investment conference Energy Week Central Asia & Mongolia 2022, which will take place on 26-28th April in Tashkent.
ENERGY PRICES DOWN
2021, December, 7, 17:36:00
WORLD GAS CONFERENCE 2022
The 28th World Gas Conference (WGC 2022) takes place in Daegu, the energy city of Korea in May 2022.
ENERGY PRICES DOWN
2021, December, 7, 17:35:00
RENEWABLE ELECTRICITY FOR INDIA 8 GW
Power Grid Corporation of India Ltd (PGCIL), through its subsidiary Central Transmission Utility of India (CTU), had earlier filed a petition to execute power transmission infrastructures for up to 18.5 GW of renewables energy zones in southern India
ENERGY PRICES DOWN
2021, December, 7, 17:30:00
DUTCH RENEWABLES 5.2 GW
The proposals include 5,170 MW of renewable projects, of which 4,132 MW are solar PV projects, 243 MW geothermal projects and 151 MW biomass projects.
ENERGY PRICES DOWN
2021, December, 7, 17:25:00
WIND FOR SWEDEN
Sweden has currently around 200 MW of operational offshore wind capacity, on top of 9.8 GW of onshore wind capacity
All Publications »