europe Archives - Carbon Trading Exchange

Europe: EU launches review to boost nuclear investment and energy security Read More »

Europe: EU launches review to boost nuclear investment and energy security

The European Union has launched a public consultation as part of a wide-ranging review of investment needs in the nuclear energy sector, ahead of the adoption of an updated Nuclear Illustrative Program (PINC), expected in the second quarter of this year. The revised PINC is designed to promote nuclear investment across the EU by encouraging […]

Montenegro targets full integration with European electricity market by 2037 Read More »

Montenegro targets full integration with European electricity market by 2037

Montenegro is on track to begin its digital integration with the unified European electricity market between late 2026 and early 2027, with full integration anticipated by the end of 2036 or early 2037, according to Ivan Bulatović, CEO of state-owned power utility EPCG. This step marks a major transformation for Montenegro’s energy sector, paving the

Brent oil, TTF gas and CO2 emission allowance prices see fluctuations in April’s second week Read More »

Brent oil, TTF gas and CO2 emission allowance prices see fluctuations in April’s second week

In the second week of April, settlement prices for Brent oil futures in the ICE market remained below $70 per barrel. On Tuesday, April 8, these futures reached their weekly minimum price at $62.82 per barrel, the lowest since April 7, 2021. However, a 4.2% increase in prices saw the futures reach their weekly peak

European electricity prices hold steady in April’s second week Read More »

European electricity prices hold steady in April’s second week

In the second week of April, electricity prices in major European markets remained generally stable, with small increases in most markets. However, the IPEX market in Italy saw a 10% decrease. The largest price increase was observed in the Netherlands’ EPEX SPOT market, which rose by 10%. Other markets experienced price hikes ranging from 0.8%

Electricity demand declines across most major European markets in early April Read More »

Electricity demand declines across most major European markets in early April

During the week of April 7, electricity demand decreased in most major European markets compared to the previous week. Demand in Germany, France, and Spain fell for the fourth consecutive week, while in Portugal, it dropped for the third consecutive week. The French and Portuguese markets saw the largest declines, with demand falling by 4.9%

Solar energy production hits records in Italy and France, while wind energy declines across Europe Read More »

Solar energy production hits records in Italy and France, while wind energy declines across Europe

During the week of April 7, solar photovoltaic energy production increased across major European markets compared to the previous week. The Iberian Peninsula saw the most significant gains, with Spain up by 17% and Portugal increasing by 10%. The German market recorded the smallest increase, at just 1.0%. Additionally, both the Italian and French markets

EU member states approve extension of gas storage rules to boost energy security Read More »

EU member states approve extension of gas storage rules to boost energy security

EU member state representatives have endorsed the EU Council’s revised position on the gas storage regulation, proposing a two-year extension of the current requirement for countries to fill their gas storage facilities to 90% ahead of winter. This move aims to protect the EU from volatile gas prices amid ongoing geopolitical tensions. The extension is

EU considers boosting U.S. LNG imports to avert tariffs Read More »

EU considers boosting U.S. LNG imports to avert tariffs

The European Union is open to significantly increasing its purchases of liquefied natural gas (LNG) from the United States in an effort to ease tensions with President Donald Trump and potentially prevent new tariffs on EU exports, European Energy Commissioner Dan Jorgensen has indicated. Jorgensen acknowledged that there is room for higher LNG imports from

Europe: Gas prices plunge amid global market turmoil and US tariff concerns Read More »

Europe: Gas prices plunge amid global market turmoil and US tariff concerns

European natural gas prices began the week with a sharp decline, driven by a broader global market sell-off sparked by the United States’ recent introduction of reciprocity-based tariffs. At the Title Transfer Facility (TTF) in the Netherlands, Europe’s most liquid gas trading hub, May contracts opened at 35 euros per megawatt-hour (MWh), marking a drop

Europe: Oil, gas and CO2 futures see price declines in early April amid trade tensions and rising temperatures Read More »

Europe: Oil, gas and CO2 futures see price declines in early April amid trade tensions and rising temperatures

In the first week of April, Brent oil futures for the Front Month on the ICE market remained above $74 per barrel during the first three sessions. On April 2, the futures reached a weekly peak settlement price of $74.95 per barrel, marking the highest level since February 21. However, by Thursday and Friday, prices