The world's strongest magnet is used in the global nuclear fusion project
The world's strongest magnet is now ready for assembly as part of a much-delayed project that involves more than 30 countries. This project, which has been delayed by many years, is a crucial component in efforts to produce clean energy through smashing atoms at high temperatures. The International Thermonuclear Experimental Reactor project (ITER), based in southern France, and supported by the United States of America…
Gas stocks in Europe could be more stressed this summer due to less hydro and wind.
The wind speed and lower hydropower stock in Northwest Europe could increase demand for gas-fired and coal-fired electricity generation this summer, at a moment when Europe needs to replenish storage that has been depleted following the winter. LSEG data revealed that hydro levels and snowpack are now well below the average levels in continental Europe. They were also much lower than those recorded in 2024. Meanwhile, gas demand is on the rise year-on-year.
Spot prices plunge ahead of May Day
European electricity prices dropped on Wednesday, as demand is expected to fall ahead of the Labour Day Holiday in Europe. Prices are expected to remain low into the weekend. By 0811 GMT, the French baseload day-ahead traded at $5.69 per megawatt hour (88.2% less). The German baseload position for the day ahead fell by 36.4%, to 46.4 Euros. The bid price for the country's contract on Friday was 54 euros/MWh.
French and Benelux stocks: Factors to watch
Here are some company news and stories that could impact the markets in France and Benelux or even individual stocks. ASM International, a manufacturer of computer chip equipment, announced that it would launch a 150 million euro share buyback. Casino, a French retailer, reported a 1.2% decline in first-quarter revenue at 2,00 billion euros. Credit Agricole, a French bank, announced that it would propose Jerome Grivet as its sole deputy CEO.
French and Benelux stocks: Factors to watch
Here are some company news and stories that could impact the markets in France and Benelux or even individual stocks. Derichebourg Derichebourg established a partnership with LG Energy Solution to create a joint venture for battery recycling in the Northern region of Paris. On Monday evening, power began to return to some parts of the Iberian Peninsula after a massive outage that brought Spain and Portugal to an abrupt halt.
French prompts are affected by higher wind output
French spot prices were impacted on Monday by an increase in expected wind power production across the majority of the region despite forecasts for higher demand. LSEG data shows that the French baseload electricity for Tuesday at 1052 GMT was 26.5 euros (30.07 dollars) per megawatt-hour, a 50.9% decrease from Friday's price on Monday. The German power for the day ahead was not traded. Naser Hashemi, LSEG analyst, noted that countries in the region also showed a similar pattern.
Spot prices remain unchanged as sunny and still weather is expected on Monday
German and French spot price were not traded on Friday morning. A surge in solar energy supply on Monday, and a lower demand because of higher temperatures was expected to offset an expected fall in wind supply. This would put pressure on prices. LSEG data shows that the German and French baseload power prices for Monday were not traded by 0946 GMT. According to LSEG analyst Naser Hachemi, higher renewable production at the weekend will compensate for a week-on-week increase.
Spot prices are affected by lower demand and more solar.
The drop in demand for power and the increase in solar power in Germany pushed spot prices down on Thursday. These changes also overshadowed a predicted drop in wind energy supply on Friday. German baseload electricity for Friday fell 7.5% to 92 euros (104.65 dollars) per megawatt-hour (MWh) at 0826 GMT. The French equivalent contract dropped 1.3%, to 74 Euro/MWh. LSEG data shows that power usage in Germany will drop by 1.8 gigawatts to 54.3 GW.
French and Benelux stocks: Factors to watch
Here are some company news and stories that could impact the markets in France and Benelux or even individual stocks. The Engineering group, GTT, reported revenues for the first quarter of 190.5 millions euros ($216.18million) on Thursday. It also confirmed its full-year goals. CARMILA On Thursday, the company announced that its gross rental revenue for the first three months of the year was 112 million euro. It also proposed a dividend in cash of 1.25 euros per shares.
Prices to fall as demand falls ahead of the holiday
The German wholesale electricity price on Thursday was expected to fall over the four-day holidays due to low consumption. The indication for the next day's working day, which is April 22, was nearly half of the price paid for delivery on Friday. The week-ahead contract in France was priced below Wednesday's closing price. LSEG's research noted a reduction in demand during the holiday season, and that it outweighed the effects of a weakening of wind supply.
French prompts higher as demand increases and wind output drops
The French spot electricity price for Thursday increased on Wednesday, as the wind power supply is expected to decline and the domestic demand to increase. The price of French baseload electricity for Thursday TRFRBD1 rose 36.4% to 65.50 Euros ($74.50 per megawatt-hour) at 0749 GMT. On Tuesday, the equivalent German contract that had not yet traded on Wednesday closed at 89.25 Euros/MWh, up 39.2%.
As wind power declines, prompt prices are rising sharply
The strong anticipated loss in wind power supply has boosted European spot electricity prices on Tuesday. This overrides the effects of weaker demand before holidays later this week. LSEG's research showed that Germany would rely on imports in the near future and that thermal production was not changing much. LSEG data shows that the price of French baseload electricity for Wednesday at 0725 GMT was 41 euros ($46.51), an increase of 134.3%.
European shares increase as Trump lowers China tariffs
After U.S. president Donald Trump exempted smartphones and computers from China's steep tariffs, a rally in technology shares helped lift European stocks on Monday. This provided markets with a breather after weeks of sharp fluctuations. STOXX 600, the pan-European index, was up 2.1% at 0824 GMT after posting its third consecutive week of losses on Friday. The global markets have been rattled by weeks of back and forth over tariffs…
Spot prices expected to rise due to falling renewable energy supplies
The strong decline in wind and solar energy supply across the region is expected to exert bullish pressure on spot contract prices on Monday, while three unplanned outages and two planned ones will reduce French nuclear availability. LSEG data shows that the German and French baseload power prices for Monday were not traded by 0923 GMT. Riccardo Paraviero, LSEG analyst, says that the drop in renewable energy supply will increase residual load on Monday.
Germany and France have different spot prices
German wholesale electricity prices fell on Friday due to a strong wind in Germany, while they rose in France, though only from a level that was just half of the price in the larger market next door. Riccardo Paraviero, LSEG analyst, said that the signal for tomorrow was bearish. He added that consumption in the region had decreased. French baseload was up by 25.9% to 35.3 euros ($38.87), a megawatt-hour (MWh) as of 0745 GMT…
Spot prices drop on rising renewable supply
The French spot electricity price for Thursday dropped on Wednesday, as the renewable energy supply was expected to increase and demand to fall in most countries of central Western Europe. French baseload electricity for Thursday fell 10.6% to 81.35 Euros ($89.66 per megawatt-hour (MWh) at 0836 GMT. The French equivalent contract was 36.5% cheaper at 26.25 Euros/MWh. In Germany, residual load is expected decrease on Thursday due to an increase in renewable supply.
Sources say that EU countries are seeking extra flexibility in their gas storage targets
EU diplomats have revealed that the EU is considering rules which would allow countries to deviate from the requirement of 90% gas filling before winter by ten percentage points. In 2022, the EU introduced its gas storage regulations to provide EU countries with a buffer during the winter months after Russia stopped supplying fuel following its invasion in Ukraine. Some EU countries worry that…
Europe struggles to compete with China in rare earths
A consultant stated on Tuesday that Europe is likely to be able only to produce a small amount of the rare earths needed for electric vehicles and turbines in 2030. This is mainly because China, as a dominant producer, will offer cheap prices. In recent years, Europe and the U.S. struggled to increase domestic production and processing to reduce dependence on China. China accounts for 90% of all processed rare earths worldwide.
The wind generation is increasing, lowering spot prices
The European immediate power prices dropped on Tuesday, primarily due to the bearish impact of forecasts that German wind power production would more than triple in the next day. By 0745 GMT, the German baseload electricity for Wednesday had fallen by 13.7% to 89.5 euros (97.93 dollars) per megawatt-hour (MWH). The same French contract, which closed at 68 Euros, was not traded in the range of 38-43 euro bid-ask.
Ember reports that renewables will provide 32% of the global electricity by 2024.
A report from the energy think-tank Ember on Tuesday revealed that renewable power generated a record 32% global electricity in 2017. The overall electricity demand increased 4%, driven by heatwaves, data centres, and other factors. Euan Graham, Ember's electricity and data analyst, said that energy security concerns, which are exacerbated by the trade war caused by President Donald Trump’s tariffs on imports from the United States, could increase demand for renewable energy this year.
