Spot prices are lowered by a combination of wind power, nuclear energy and a shaky demand.
The European wholesale electricity prices fell on Thursday due to lower demand and higher wind generation, particularly in Germany. The market was impacted by the bearish factors, which overrode any impact from the tighter solar output. This is due to the rising temperatures expected into the next week that will increase the demand for power.
India's MCX launches electricity futures to hedge against weather-driven demand changes
The Multi Commodity Exchange in India will launch India's first electricity contracts on Thursday. This tool allows power generators, distributors and large industrial users to manage their risk. MCX announced in a Tuesday statement that the exchange would initially offer cash-settled…
Germany proposes a law to accelerate geothermal and renewable heat expansion
The German economy ministry released a draft bill on Friday, which would speed up the expansion of geothermal projects. Berlin is aiming to eliminate the use of fossil-fuels for heating systems by the year 2045. A Fraunhofer Institute study from 2023 showed that Germany has some of Europe's biggest geothermal resources…
Mauritius is looking for investors to build a floating power plant in order to meet the energy needs
Mauritius has issued a tender inviting international investors to build and operate a floating energy plant to meet the island's growing energy demands. A request for proposals, seen on Tuesday, showed that the proposed plant would run on heavy fuel. Patrick Assirvaden, Minister of Public Utilities in Mauritius…
Japan returns to long term LNG deals on AI boom and national energy plan
The liquefied gas industry in Japan is once again in the spotlight, as artificial intelligence booms and rising costs of cleaner energy drive the appetite for long-term LNG contracts. Japan, which is the second largest LNG importer in the world, has secured long-term deals with Qatar, and other buyers are also securing such agreements.
NSE is the second exchange to be approved for trading in electricity futures.
India's National Stock Exchange became the second exchange this week to receive regulatory approval for electricity futures contracts. Experts say that this could help struggling utilities improve their financial situation. Last week, the Securities and Exchange Board of India gave a similar approval to the Multi Commodity Exchange of India.
Maguire: Eastern Europe's secretive surge in solar power generation
In Europe, the discussion of solar energy generation is dominated by Germany and Spain. Solar capacity in the nine largest producers of solar energy in Eastern Europe grew at a pace that was more than twice as fast as the rest of Europe over the last five years. This has allowed Eastern…
Maguire: Eastern Europe's secretive surge in solar power generation
In Europe, the discussion of solar energy generation is dominated by Germany and Spain. Solar capacity in the nine largest producers of solar energy in Eastern Europe has increased at a pace that is more than twice as fast as the rest of Europe over the last five years. This has allowed…
Reports of Trump's executive orders to boost the nuclear industry have led to a surge in stocks
The shares of nuclear power companies soared in premarket trade after a report that U.S. president Donald Trump will sign executive orders to jumpstart this industry as soon as Friday. Trump will streamline the regulatory processes for new reactor approvals, and improve fuel supply chains.
Brookfield plans to triple India's assets in five years, from $100 billion to $300 billion
Brookfield Asset Management is planning to triple its India investment in five years. It will bet on India's growth prospects, and the rising demand for infrastructure and clean energy. Brookfield has increased its investments in India and in the last few years has invested $12 billion into infrastructure assets such as gas pipelines…
Minister: Denmark may lift 40-year-old ban on nuclear energy
Denmark may lift a ban on nuclear energy that dates back 40 years to improve its energy security. This is a major policy shift for a country which has prioritized expanding wind and solar energy. Lars Aagaard, the Minister of Climate, Energy and Utilities, said that the Danish government…
Minister: Denmark may lift 40-year-old ban on nuclear energy
Denmark may lift a ban on nuclear energy that dates back 40 years to improve its energy security. This is a major policy shift for a country which has prioritized expanding wind and solar energy. In an interview with Danish newspaper Politiken published late Tuesday, Lars Aagaard…
Increased US Natural Gas Storage Capacity in 2024
The U.S. Energy Information Administration said that underground natural gas storage capacity will increase in 2024 in the Lower 48 States, according to a report published late on Wednesday. The agency uses two metrics for assessing working gas storage capacities - demonstrated maximum capacity and working gas designed capacity.
Atmos Energy reports quarterly profit rise, raises full-year forecast
Atmos Energy has reported an increase in its second-quarter profits, thanks to higher natural gas prices and increased customer numbers. The average natural gas price has risen in the last few quarters. It reached a two-year peak on 10 March, driven by a strong demand for LNG export facilities as well as supply concerns heading into summer.
National Bank of Ukraine: Ukraine will need $2.9 billion in 2025 to purchase gas
Ukraine's National Bank stated on Friday that the country will need $2.9 billion in gas imports by 2025, after Russian missiles and drones damaged Ukrainian gas production plants. In the late winter and spring of 2016, Russia repeatedly attacked Ukrainian gas assets located in the east. This caused a drop of at least 40% in gas production.
US utility Xcel claims tariff exposure is 2% to 3% of capex plan
Executives with the company stated on Thursday that a global trade war is likely to affect renewable energy supply chains and storage systems, exposing 2%-3% of Xcel Energy’s $45 billion plan for capital expenditures. The expansion of AI data centres and the electrification in industries such as transportation are driving U.S.
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.
US to develop AI on Energy Department Lands
On Thursday, the administration of Donald Trump announced that it had identified 16 sites in the U.S. Department of Energy where data centers and energy plants to support artificial intelligence could be built. The rapid growth of AI has led to a boom in the demand for power in the United States, which is unprecedented in 20 years.
Sempra sells Mexico energy assets and stake in infrastructure unit
Sempra, a utility firm, said it would sell energy infrastructure assets and a minority interest in Sempra Infrastructure in Mexico to fund its $56 billion five-year capital expenditure plan. In February, the company forecasted a five-year plan for capital expenditures of approximately $56 billion. This was a 16% rise from its previous plan.
Gas turbines from GE Vernova will be used in a new Missouri power station
GE Vernova announced on Friday that it has received an order for its aeroderivative GE Vernova gas turbines to be used in Springfield City Utilities (CU)'s new power generating plant in Missouri. The McCartney Generating Station, a 100 Megawatt (MW), is expected to begin operations in 2027.
