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Market-moving energy news. montelnews.com
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European Commission plans to support adoption of clean energy power purchase agreements (PPAs) could address concerns about supply not being available during periods of intermittent green output, experts told Montel. montelnews.com/news/7971d72...

US tariffs on steel imports pose a “genuine threat” to the sector’s future in the EU, with consequent risks for related sectors such as energy, European steel association Eurofer said on Wednesday. montelnews.com/news/4018b83...

German day-ahead prices of EUR 150/MWh could be the trigger for calling up reserve capacity to the market under plans being mulled by the likely next government, a conservative politician told Montel on Wednesday. montelnews.com/news/8905833...

The European Commission has sent final warnings to five EU countries for failing to submit their plans showing how they will achieve their 2030 energy and climate targets, it said on Wednesday. montelnews.com/news/5616b18...

Denmark’s ambition to produce green hydrogen will unlikely undermine the viability of renewing two ageing power cables between Norway as feared by its energy minister, analysts said. montelnews.com/news/bc2d3af...

Italian renewable energy company ERG has cut by 20% its capital expenditure for the 2024-26 period to EUR 1bn and lowered its green energy capacity target by 7%, it said late on Tuesday. montelnews.com/news/a47fa05...

Belgium will slash subsidies for a hydrogen network but remains open to future investment if demand picks up, energy minister Mathieu Bihet said on Tuesday. montelnews.com/news/21c42f3...

Firms may face permitting delays for energy projects in Portugal after prime minister Luis Montenegro lost a confidence vote in the parliament on Tuesday, following a scandal related to his family business dealings. montelnews.com/news/d1b87fa...

The European Commission on Tuesday set out how national governments should design their electricity capacity remuneration mechanisms to achieve their swift approval, in its draft guidelines for state aid aimed at supporting decarbonisation. montelnews.com/news/f4a070c...

Swedish battery manufacturer Northvolt has filed for bankruptcy after suffering financial losses and struggling to increase its production levels of battery cells, it confirmed on Wednesday. montelnews.com/news/2addbf5...

Column of the Week: A new chapter for Nordic grid balancing montelnews.com/news/9b5731d...

German plans to reduce electricity prices by returning retired power plants to reserves outside the market would likely prove counterproductive, analysts have told Montel. montelnews.com/news/4638c4e...

New EU technical rules are set to make it easier to integrate demand-side response into wholesale electricity markets, the bloc's energy regulatory agency Acer said on Tuesday. montelnews.com/news/a461ccd...

The UK will prioritise renewable energy projects that are ready to connect to the grid through a “landmark” planning and infrastructure bill set to be presented to parliament this week, the government said in a statement late on Monday. montelnews.com/news/ba04b4e...

The European Energy Exchange (EEX) has increased its monthly auction offering for guarantees of origin (GOs) in order to meet demand, it said in a statement on Tuesday. montelnews.com/news/174f134...

Long read: Who holds the trump card in Europe’s gas market? montelnews.com/news/eccbc5d...

A lack of down-regulation participants in southern Sweden and limited regional import capacity caused balancing prices to hit EUR -10,000/MWh on Sunday, Anna Jaderstrom, balancing market head at TSO Svenska Kraftnat, said late on Monday. montelnews.com/news/6a8eff1...

Denmark’s increased focus on green hydrogen production raises concerns over the viability of renewing two ageing power interconnectors to Denmark, said Norwegian energy minister Terje Aasland. montelnews.com/news/06ade5c...

Italian TSO Terna’s plans to address a backlog of 640 GW of renewables grid connection requests were much needed but will not be enough, solar association Italia Solare’s president Paolo Viscontini told Montel on Monday. montelnews.com/news/f5c99a6...

The plans of Germany’s expected new government to bring 20 GW of gas-fired power generation capacity online by 2030 will have a minor impact on prices, Berlin-based experts from Montel Analytics said on Monday. montelnews.com/news/3256c46...

The UK government has told Montel it remains “fully committed” to GB Energy, following media reports that the Treasury is considering cutting funding for the state-owned power company. montelnews.com/news/0d65404...

Sunday’s extreme balancing power price of EUR -10,000/MWh in Denmark and Sweden was not caused by an error in the new joint Nordic market model for balancing, said Danish TSO Energinet on Monday. montelnews.com/news/ea7cbe5...

Norway plans to extend a new discounted tariff for retail power prices to 2030 to shield households from high bills and market volatility, the country’s energy ministry said on Monday. montelnews.com/news/1927c67...

The carbon price under the EU’s upcoming trading scheme for buildings and road transport – ETS 2 – is set to top EUR 149/t by 2030, making it the “world’s highest carbon price”, said Bloomberg New Energy Finance (BNEF). montelnews.com/news/ecd175d...

The European Commission remains committed to phasing out all Russian gas imports to the EU, its president Ursula von der Leyen said on Sunday. montelnews.com/news/23516ac...

Balancing power prices in parts of Sweden and Denmark plunged to a record low EUR -10,000/MWh on Sunday, as the new joint Nordic market for automated reserves continue to spur volatility. montelnews.com/news/a176a0d...

Danish electrolyser producer Green Hydrogen Systems will file for bankruptcy protection due to serious financial difficulties, it said late on Sunday. montelnews.com/news/9a34bcf...

The proposed new German coalition government of the Christian Democrats (CDU/CSU) and the Social Democrats (SPD) aims to add 20 GW of gas-fired power plants by 2030, it said in a strategy paper. montelnews.com/news/e6ff20d...

Splitting any of the European electricity markets into smaller zones would have unintended consequences for power prices and would weigh on liquidity, Epex Spot has warned. montelnews.com/news/e8d1c44...

Europe must shift to a “wartime” mindset to better prepare for the threat to its energy facilities, and states and energy firms need to invest more, a Nato official has told Montel in an interview. montelnews.com/news/55c3137...

The EU will likely fail to meet its 2030 green hydrogen targets as the market is not developing as originally expected, Christopher Jones, law professor at the Florence School of Regulation, said on Friday. montelnews.com/news/070ba63...

France should review its support for green gas with subsidies set to surge while some plants were already showing “excessive profitability”, said a report by the country’s court of auditors. montelnews.com/news/060495f...

Italian TSO Terna will hold its first large-scale energy storage auction on 30 September, aiming to secure at least 10 GWh battery capacity for delivery in 2028. montelnews.com/news/906ed2f...

The percentage of trade orders submitted by computer applications on the Epex Spot continuous intraday market has risen to 87%, experts at the exchange told a conference in Amsterdam late on Thursday. montelnews.com/news/0db3f48...

The European Commission should revise its methane emissions rules amid concerns they could curtail LNG supplies from 2027, including from the US, gas lobbies told Montel, following a meeting between US LNG exporters and the EU executive. montelnews.com/news/fc774ec...

The potential for more flexible EU-wide storage targets coupled with ample supply and waning seasonal demand has resulted in the spread between summer and winter gas prices narrowing by around EUR 5 from January highs. montelnews.com/news/ffd5322...

Northwest Europe’s front-month LNG price settled at a more than five-month low on Thursday amid healthy supply, as Asian markets struggled to attract cargoes from Europe. montelnews.com/news/c23d0b3...

Prices for balancing power in Denmark’s western DK1 bidding zone soared to EUR 4,828/MWh on Thursday afternoon, following the launch of a joint Nordic market for automated manual frequency reserves earlier this week. montelnews.com/news/7a6280b...

Gas price volatility and supply uncertainty drove huge market interest in the Greek 7bcm/year Revithoussa LNG terminal auction, with companies booking nearly all arrival capacity for 2025-2030, Desfa grid operator and traders said. montelnews.com/news/c3d652d...

Ukrainian state-owned utility Ukrhydroenergo is seeking investments of around EUR 3bn to develop 1.9 GW of hydropower capacity to boost the security of supply in the coming years. montelnews.com/news/3d62cbd...

The EU’s clean industrial deal was not a “game-changer” as it barely mentioned ETS and other decarbonisation tools, Klaus-Dieter Borchardt, senior research fellow at the Oxford Institute for Energy Studies, said on Wednesday. montelnews.com/news/b6ff281...

The utilisation of the Turkstream gas pipeline, which brings Russian gas to southeastern and central Europe, is undermining the continent’s stated aim of diversifying from reliance on energy from Russia, an analyst said on Thursday. montelnews.com/news/82b6edc...

Developing products to shave the peaks off power demand may not have the intended effect of improving supply security, reducing costs for consumers and boosting demand-side response, experts have advised EU energy regulatory agency Acer. montelnews.com/news/b987b84...

Sweden’s deputy prime minister and head of energy disagrees with Norway’s plan to introduce a fixed electricity price for households, saying a better solution to stem market volatility would be to build out more baseload power capacity like nuclear. montelnews.com/news/712f452...

The UK government faces billions of pounds in lost revenues because the national carbon scheme has not pegged prices to the EU ETS, a new study has found. montelnews.com/news/27bb3a0...

Excess renewables generation is set to drag Spanish power prices into negative territory again in coming sessions, even as soon as Saturday, analysts have told Montel. montelnews.com/news/94b8f79...

Swedish utility Vattenfall is open to signing long-term power purchase agreements (PPAs) linked to new nuclear generation capacity if there is demand for them, according to its CEO Anna Borg. montelnews.com/news/918f04f...

The European Commission’s proposal to extend binding EU gas storage filling targets by two years until the end of 2027 will prompt “a delicate discussion” in the European Parliament, according to a senior MEP. montelnews.com/news/1b18f5f...

Germany’s projected power demand of 750 TWh/year by 2030 has sparked questions about the need for revision, amid worries an overinflated figure could distort the country’s green capacity growth goals, experts told Montel. montelnews.com/news/9cc708e...