Hurricane Laura pushes oil and US gas prices up

Friday 4th September 2020

The last two weeks of August saw a real surge in energy prices, particularly on short-term markets. This was caused by various factors, but particularly by a combination of low renewable energy output (both wind and solar in the lull following Storm Francis) and tightness of gas supplies in the normal North Sea maintenance season. Day-ahead power spiked to a …

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Setting Your Carbon Scope

Monday 24th August 2020

It is becoming increasingly important for businesses to be transparent about their greenhouse gas emissions, and therefore to have a solid understanding of how these are best categorised and measured.

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Power Annuals rise on lower wind and nuclear output

Wednesday 19th August 2020

The first part of August has been distinctly bullish across both short-term and Annual energy wholesale markets. A key driver has been tightness in generation, with extended nuclear outages across the UK fleet and continental Europe. This has happened when cooling demand increased due to the European heatwave. At the same time, renewable output has been down, with particularly low …

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Annuals slide by up to 8%

Wednesday 5th August 2020

Whilst Annuals generally moved lower in the second half of July, with October ’20 power losing most of the value gained since mid-June, the short-term market has been more robust. Annuals fell in line with carbon, dropping back sharply from recent peaks as the expectation of a slower post-covid recovery materialised. There have also been indications that the generation squeeze …

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Surging carbon sends Annuals higher

Friday 17th July 2020

The last fortnight has been generally bullish across power, gas and the wider energy complex. The main driver has been the sharp rise in carbon costs, briefly hitting a 14-year high in excess of €30 / tonne. There has been some speculative purchasing of allowances and carbon costs will be higher with a more significant fossil fuel burn this winter. …

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