1000 % of normal precipitation over two days.
Read StoryIn April, EDF sharply cut its nuclear output target for 2020 from the 2019 level of 380 TWh to 300 TWh, and then revised it up again in July to 315-325 TWh. In this blog post, we offer an updated overview of the nuclear outlook, power balance and market prices for the rest of the year.
Read StoryOn 25 April (week 17), EQ published a blog post showing the impact the Corona-virus was having on the consumption for 16 countries across western Europe. As the holiday season has mostly come to an end, we have now reviewed our demand outlook for the rest of the year.
Read StoryThe hydropower situation in Austria is now at a nearly maximum resource level. Production from the reservoirs has to be increased in the coming weeks to avoid further flooding and uncontrolled production levels. So far, we haven't seen any effect on the spot market as the German renewables are the main price drivers. However, the strong Austrian hydropower will contribute to slightly lower domestic spot prices.
Read StoryThe market outlooks for 2021 are very exciting with uncertainty about French nuclear capacity, effects of German coal-fired and nuclear phase-outs, and consumption and financial recovery from COVID-19. In addition, there is an upward potential for both CO2 and gas prices.
Read StoryThe hydropower situation in Romania and most of Southeastern Europe improved in July after a wet June. Price differences between Austra (CWE region) and Hungary/Romania (SEE region) are significantly reduced from the start of Q2. Outlooks for August indicate that the price difference most likely will come out lower than 7 €/MWh which has been traded in the end of July.
Read StoryAs 2020 represents an extreme hydropower situation in Norway (partly in Sweden and Finland as well), we have made the extra effort to inspect with our own eyes – and camera! – several hydro reservoirs in the NO2 price zone.
Read StoryWe expect Norwegian reservoirs will reach 93%-95% of max capacity in the first half of August, but developments will be bumpy and uneven across the country.
Read StoryEuropean spot prices turned out significantly higher in June than what the market expected by the end of May. In this blog post, we’re reviewing the main reasons, focusing on France and Germany.
Read StoryFrance’s decision to cut the country’s nuclear production target for 2020 spooked markets, but given normal weather conditions Q4 prices for France should come down significantly from current levels, an EQ analysis of the fundamental situation indicates.
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