Hungary Accuses Ukraine of Plans to Disrupt National Energy System
Hungary's Prime Minister Viktor Orban accused Ukraineon Wednesday of planning to disrupt the Hungarian energy system, and dispatched troops to safeguard infrastructure, escalating a dispute that has undermined Europe's pro-Ukraine consensus.Hungary and Slovakia, whose leaders are outliers in the EU for maintaining relations with Moscow, blame…
As gas prices fall, forward-curve contracts also fall.
Early trading on Monday saw European forward-curve electricity contracts fall, following lower benchmark gas contracts. At 0952 GMT the German baseload price was down 1.9% to 76.95 Euros per Megawatt-hour, while in France it fell 1% to 50.10 Euros/MWh. The benchmark contract on the European carbon market rose by 0.4%, to 70.99 Euros per metric ton.
Maguire: Maguire, China's renewables boom has boosted it to a rare clean-capacity club.
In 2025, the world's largest polluter will have crossed a crucial energy transition threshold by installing more clean power than fossil fuel production capacity for the first. Global Energy Monitor data shows that China will have 1,494 gigawatts (GW) of clean energy generation capacity operating in 2025. This compares to 1,420 GW?of fossil fuel-fueled capacity.
EUROPE GAS Prices Hit Multi-Month Highs Due to US Winter Storm and Storage Concerns
Dutch and British gas contract prices rose Monday morning to their highest level in nearly 10 months as the freezing weather in the U.S. curbed LNG exports. This also raised concerns about?European gas storage levels. LSEG data shows that the benchmark Dutch front-month contract for megawatt hours (MWh) at the 'TTF 'hub had increased by 2.55 euros to 41.95 euros or $14.56/mmBtu at 0825 GMT.
Origin Energy, Australia's coal-fired power station in NSW, will continue to operate until 2029
Origin Energy announced on Tuesday that it will extend the operation all four?units?of its Eraring Power?Station?toApril 2029 to support energy supplies in New South Wales. Eraring's 2,880-megawatt coal-fired power plant was scheduled to close in August 2027. A December report from the Australian Energy 'Market Operator (AEMO), however, said that Sydney could experience blackouts if the plant is retired as planned.
South Africa relaxes antitrust rules for companies facing high electricity costs
South Africa has loosened its antitrust regulations to allow firms battling high energy costs to build energy infrastructure together and negotiate contracts collectively. In a government announcement seen by on Tuesday, South Africa's Trade Minister Parks Tau stated that the new measure was meant to help?distressed industry. The Minerals Council…
Nigerian oil companies strike deals with flare-gas to reduce emissions and boost energy
Heirs Energys, a Nigerian oil company and the state-owned NNPC announced on Wednesday that they had signed agreements to capture and monetise the gas that is otherwise wasted by flaring. Flaring is the act of burning fuel in the open. Nigeria has the largest gas reserves in Africa and relies on gas to fuel industrial growth and reduce emissions.
French spot up on lower renewables and Germany's down
On Tuesday, European power prices varied. The French prices rose despite lower wind and solar production. Germany's prices fell but still retained a premium compared to those of the neighbouring country. According to LSEG, the price for French day-ahead basisload at 0930 GMT was 146.6% higher, or 64.8 euros ($75.47), than it had been before. This is more than double what it had been previously, which was 26.3 euros.
US data center demand will raise power risks in winter, says regulator
The North American Electric Reliability Corporation warned on Tuesday that the growing power demand from data centers will shrink U.S. energy supplies, increasing the likelihood of an energy shortage if winter weather is extreme this year. Electricity use in the U.S. is increasing faster than the supply of power. This is due to the rapid proliferation of data centres…
German spot bids lower due to renewable gains. France pauses
German power prices fell early on Tuesday due to a rising renewable supply in the region. Meanwhile, France observed its Armistice Day, which curtailed trading activity. At 0840 GMT, the German baseload day-ahead contract was not traded but was bid at 76 Euros ($88.63 per megawatt hour). LSEG data show that the bid-ask for French baseload on Wednesday ranged from 20-23 Euros/MWh…
Spot price expected to be affected by strong German wind output
The European spot electricity prices are expected to drop on Tuesday as the wind power supply is expected to increase and demand in France will fall during Armistice Day, November 11. The French and German contracts remained untraded as of 0846 GMT. According to LSEG, the French contract had a range of bids and offers between 15 euros ($15.16), and 24 euros, per megawatt hour.
EUROPE GAS - European prices drop after a short-lived price boost.
The Dutch and British gas contract on Friday lost gains made in the previous session due to concerns about the impact of sanctions on Russian energy supplies. However, the short-term demand and supply picture did not change. LSEG data shows that the benchmark Dutch front-month contract was 32 euros per megawatt (MWh) or $10.89/mmBtu at 1018 GMT. This is a decrease of 0.40 euros.
EBRD may lend up to $1,5 billion for Central Asia Hydro Plant
The European Bank for Reconstruction and Development (EBRD) could lend up $1.5 billion for an Central Asian hydropower station, according to its president. He also noted that the demand for renewable energy is increasing despite some resistance to funding green energies. Kambar-Ata 1 is one of Central Asia's largest renewable energy projects, with a combined 1,860 megawatts.
Indian regulator listens to solar firms' complaints about losses caused by transmission delays
According to regulatory filings, India's federal regulator of power has accepted petitions from two renewable energy developers who sought compensation for losses due to delays in establishing transmission infrastructure. India's clean energy rollout could be a precedent that renewable energy developers will have to follow. The Central Electricity…
Slovakia's Fico wants to find a 'common ground" with the US over Russian energy supplies
Robert Fico, the Slovak prime minister, said that Slovakia expected to find "common grounds" with the United States following pressure to stop Russian energy purchases. He defended receiving supplies in Moscow. The European Union wants to isolate Russia in anticipation of its invasion of Ukraine in 2022 and has halted purchases of Russian fuel, which could provide revenue for the war. Donald Trump, the U.S.
Democratic Senators: Trump administration gives China a 'free-pass' on Russian LNG
Democratic U.S. Senators called on Trump officials to resume targeted sanctions against Russian energy supplies on Friday, claiming that the administration allows China to purchase shipments of Russia’s liquefied gas which supports the war in Ukraine. Donald Trump said that he was frustrated by the failure of Russian President Vladimir Putin to reach a peaceful agreement with Ukraine.
Poland Urges EU Members to End Russian Oil Imports by 2026
Poland has urged European Union member states that are still buying Russian energy to end those imports by the end of 2026 and will offer them help towards that effort, Energy Minister Milosz Motyka said on Wednesday.The Druzhba oil pipeline delivers Russian oil to Hungary and Slovakia, which continue to buy energy supplies from Russia after other…
EU Targets Power Grid Bottlenecks to Lower Prices, Improve Security
The European Union will prioritise fixing eight power grid bottlenecks, the Commission President said on Wednesday, in an effort to lower the bloc's uncompetitive energy prices and improve energy security."I am presenting today a new initiative called Energy Highways. We have identified eight critical bottlenecks in our energy infrastructure.
Italy, US to Boost LNG Ties, Infrastructure
Italy and the United States on Monday vowed to deepen energy ties including through increased exports to Italy of liquefied natural gas (LNG), as Europe continues to seek alternatives to Russian energy supplies following Moscow's invasion of Ukraine.Italian Energy Minister Gilberto Pichetto Fratin and U.S. Interior Secretary Doug Burgum, after talks in Rome…
Document from the Politburo shows Vietnam is open to using small modules nuclear reactors
According to a document released by the Communist Party’s Politburo (the most powerful body in the country), Vietnam is open to the use of small module reactors to power its planned nuclear plants. Southeast Asia, a manufacturing hub in the region, seeks to increase its capacity for power generation to support an economy that is one of the fastest growing in the world. The document is available on the internet.