energy prices

renewables

European PPA Prices Rise 27.5% In The First Quarter Of The Year; Spanish PPAs Remain The Cheapest

Renta 4 | The latest report published by Levelten, a renewable transactions consultant and PPA market operator, states that the prices of PPAs signed in Europe reached €57/MWh (blended solar and wind), which represents an increase of 27.5% vs. the first quarter of 2021 and 8.6% in this quarter alone. Solar PPAs in Spain averaged €38/MWh, 12% higher (€4/MWh) than in 1Q21, being the country with the lowest solar PPA…


fossil fuels

Spain And Europe, Plunged Into Total Energy Chaos

Julián González (Capital Madrid) | The war in Ukraine has brought economic and energy chaos to Spain and the whole of Europe. Brussels does not rule out the possibility of a collapse at all levels due to the upward spiral of both oil and gas prices. And it has forced many countries to prepare to face the biggest energy crisis, even greater than those in 1973 and 1979. The European…


Alemania Coalicion 2021 2

Germany Approves €13 Bn Stimulus Package To Ease Energy Bills Of The Most Vulnerable Households

Germany’s coalition parties agreed on Wednesday a roughly 13 billion euro package of measures to help households cope with surging energy prices, including scrapping a surcharge levied on electricity bills to support green power, as reported by Reuters. Energy prices in Germany have soared in the last year, and fears of an escalation of the crisis between Ukraine and gas supplier Russia are set to push them higher still. Germany’s…


european electricity market

The European Electricity Sector: A Real Headache…

Alphavalue | On Friday last week, Electricité de France cut its 2022 nuclear production target by almost -10% to 300-330 TWh, following extended shutdowns at five of its 56 nuclear reactors (7.3 GW). This is coupled with deadlocked NATO-US talks with Russia over the Kremlin’s military presence on the Ukrainian border. The situation means that if there is less nuclear power, the dependence on Russian gas will be greater. Didn’t we see this problem coming in the last three months when Russia upped the ante on Ukraine?


Spanish electricity market

Can A Public Electricity Company Be The Solution To Rising Electricity Prices?

Public companies are more common in Europe than might a priori be imagined. Countries such as France and Italy, as well as Austria, Sweden and Finland, are good examples of European states with extensive public participation in their respective energy giants. Particularly relevant is the French case, where EDF (with almost 85% state ownership) enjoys a great popular reputation for guaranteeing electricity services to the most remote corners of the country. In the Spanish case, by contrast, the State’s shareholding is limited to 20 % in Red Eléctrica de España, the company that manages the energy transmission infrastructure and therefore has no direct impact on the price of electricity.


energy sector

Europe’s High Energy Prices, Explained

Nick Ottens (Atlantic Sentinel) | The continent faces a perfect storm involving accidents, depleted reserves and decreased Russian supply. Electricity prices are hitting records across Europe. In Portugal and Spain, wholesale energy prices have tripled from half a year ago to €178 per megawatt-hour. Italy is not far behind at €176. Dutch households without a fixed-price contract could end up paying €500 more this year. In the UK, prices peaked…


european electricity market

The EC Rules Out Major Regulatory Actions To Combat Pricing System; Spain Is The Only Country To Tackle This

The Spanish government sent a letter last week to the European Commission, in which it urged the region to adopt a common response to the electricity problem at the European level. The letter called for a reform of the wholesale electricity market and the creation of a European gas purchasing platform and strategic reserves. However, the institution dismissed Spain’s request. It will limit itself to guiding member states on measures to temporarily reduce the electricity bill within the margins of EU regulations.


An ammonia storage facility

Ammonia, Not Just A Question Of Colours

Mirabaud | When electricity needs to be produced, the cheapest energy sources are used first: wind, solar and hydro. If they are not available, more expensive energies are added: lignite, nuclear, coal, gas and,finally,green ammonia.
You may ask, rightly, what green ammonia has to do with this list of energies. Scientists recently discovered a potentially revolutionary feature of ammonia by using it as an energy source.


The security of the UK’s LNG supply is precarious

Gas Price Spike: How UK Government Failures Made A Global Crisis Worse

Michael Bradshow ( The Conversation) | The UK government has been in emergency talks with leaders from the energy industry as gas prices (and with them, electricity prices) have soared to more than four times the level they were at the same time in 2020. Concerns are growing about the security of winter gas supplies, and industries reliant on gas, such as the fertiliser industry, are curtailing production, threatening various…


renewables auction

Renewable Sector Joins Big Electricity Companies Against Energy Reform; Plan a Historic Legal Battle

The government’s energy reform is stirring up the whole sector, according to the daily Expansión. Not only the large electricity companies, such as Endesa, Iberdrola and Naturgy, which are already preparing a legal battle. Renewable energy companies are also coming out en masse demanding that this reform be softened by modifying some aspects as the the energy sold outside the daily market, through bilateral contracts (or PPAs, in technical jargon) will also be reduced. These bilateral contracts are the essence of the current development of the renewable energy sector, because they serve to finance it.