Blog

Energy Quantified's technical blog on product updates, tips for energy market participants, case studies and more.

French market Q1 - a perfect storm?

Eylert Ellefsen
,
December 14, 2021

Since the start of November, the French power balance has been limited due to low nuclear availability. Given how strongly France is now connected to the GB market, we have seen spot prices close to 300 €/MWh - about 50 €/MWh higher than the German market. As the market continues to be dominated by strong gas and CO2 prices, the French Forward prices for January and February are significantly higher than the latest spot prices, indicating a high positive risk premium in a strained power market. In this blog, EQ takes a closer look into the fundamental power balance numbers for France in Q1-2022, focusing on the outlook for nuclear generation and consumption uncertainty.

Read Story

German fuelswitching reversed by the extreme gas prices

Eylert Ellefsen
,
November 24, 2021

Germany has already begun its coal-exit plans, which started by closing down 4.8 GWs of hard coal by 31.12.2020. The aim is to close all coal-fired units in Germany by 2038, helping to reduce CO2 emissions and fulfill wider EU decarbonisation targets.

Read Story

Norway-South is lacking 2000 MW production capacity to cover the border capacities towards both UK and Germany

Eylert Ellefsen
,
November 16, 2021

Back on September 17th, we posted a blog focusing on the very low hydro reservoir levels in the Norway-South area at the time, alongside the impacts of strong demand for increased imports – required to cover both consumption and demands for exports on the new UK interconnector. In this blog, EQ will look closer at recent development and the outlook for the winter in Norway-South.

Read Story

Expected consumption growth in the Nordpool areas, 2030 and beyond

Eylert Ellefsen
,
October 13, 2021

As the world undergoes the green transition, it is expected that demand for electricity will increase as we look to replace fossil fuels as a source of power.

Read Story

Nordic power prices rise on low hydro reservoir levels

Eylert Ellefsen
,
September 17, 2021

Recently, the Nordic power market’s exposure to the current low hydrological balance and very high European power market prices have had a strong influence on power prices. This blog will focus on the situation in Norway South, which accounts for most of the hydrological deficit in the Nordic market.

Read Story

CWE hydrology stabilized after the flooding incidents

Eylert Ellefsen
,
July 26, 2021

We have sadly all now seen the pictures from the devastating flooding that recently hit Germany, Belgium and other neighbouring countries. After several weeks in which precipitation continued above normal levels, these areas were hit by about 500% of normal precipitation during week 28 (July 12th - 18th) leading to a scenario where riverflows destroyed several villages and many people lost their lives. Our thoughts go out to the victims, their families and those making rescue efforts. Whilst unimportant given the context, the unprecedented rainfall has also affected power markets and those hydrological impacts will be the focus of this blog.

Read Story

German coal production for Q2 2021 reduces 20% on pre-pandemic levels

Eylert Ellefsen
,
July 8, 2021

With power market conditions fluctuating in response to changing consumption demands as economies across Europe look to kickstart the green recovery after the height of the COVID-19 pandemic, Eylert Ellefsen, Senior Analyst and Hydrology Expert at Energy Quantified presents a comparison of the German power balance between Q2-2019 and Q2-2021.

Read Story

Low spot prices in NP-north area, will the power balance situation be eased during Q3?

Eylert Ellefsen
,
June 28, 2021

In this blog, Energy Quantified's Eylert Ellefsen dives into the fundamental power balance numbers in the NP-North area, explaining the current surplus situation, grid flows between price zones and future outlooks for the summer. Please note, we use the terminology "NP-North" to refer to the SE1, SE2, NO3 & NO4 price areas.

Read Story

Spot prices increase as Central Western European hydropower production hits 25 year low

Eylert Ellefsen
,
May 3, 2021

This April has seen a notably cold spell of weather sweep across Europe. Temperatures have been 4 or 5 degrees Celsius below normal in most areas, whilst spot prices for the past month have delivered 5-7 €/MWh higher than expected in several areas. In this blog post, we study how the Central Western European (CWE) hydropower system developed during this cold spell and compared this situation to available historical statistics.

Read Story

Delayed spring thaw inflow for Sweden – detailed modelling with SMHI Hydro GWh

Eylert Ellefsen
,
April 22, 2021

The temperature outlooks until the first week of May are much lower than normal in the Nordic region. Read on to see the likely consequences for inflow- and snow conditions in SE1 and SE2.

Read Story

Ready to try Energy Quantified?

No payment or credit card required.
Would you rather like a personal demo? Book a demo