In Week 19 of 2025, TTF gas futures experienced a significant rally, rising by 5.5%—the largest daily increase since mid-March. This surge was mainly driven by the European Union’s newly unveiled plan to completely phase out Russian gas imports by the end of 2027. The policy includes the termination of long-term contracts for Russian gas […]
Electricity and gas prices in Serbia and Montenegro among lowest in Europe Read More »
Electricity prices in Serbia and Montenegro remain among the lowest in Europe, according to the most recent Eurostat data. In the second half of the previous year, the average electricity cost for households in Serbia was 18.16 euros per 100 kWh, significantly below the European Union average of 28.49 euros. Montenegro reported similarly low prices,
During the second week of May, Brent crude oil futures for the Front Month on the ICE market showed a notable upward trend. On Monday, May 5, futures settled at a weekly low of $60.23 per barrel, the lowest level since February 6, 2021. However, prices increased steadily over the following sessions, reaching $63.91 per
Europe: Electricity demand rises in early May, led by Spain and Italy Read More »
During the week of May 5, electricity demand increased across major European markets. Spain saw the largest rise at 15%, followed by Italy with 12% and Portugal with 11%. Smaller increases were observed in Great Britain, Belgium, France, and Germany, ranging from 1.7% to 5.9%. This marks a reversal of the downward trend observed in
During the week of May 5, solar photovoltaic (PV) energy production rose significantly in the Iberian Peninsula and Germany. Portugal led the growth with a 62% increase, followed by Spain with a 26% rise. This growth was largely driven by a rebound in production following a blackout on Monday, April 28, that had impacted both
Europe: Gas prices fall amid stable supply and geopolitical tensions Read More »
During the first week of May 2025, TTF gas futures for June delivery on the ICE market traded lower compared to the week of April 21 and consistently stayed below €35/MWh. The weekly low was recorded on Tuesday, April 29, at €31.956/MWh, which was 1.8% below the previous Tuesday. Prices then rose towards the end
Europe: Aging power grids struggle to keep up with renewable energy boom Read More »
Europe’s electricity networks, many of which were built decades ago, are under increasing strain from the rapid growth of renewable energy and surging electricity demand. The risk of widespread disruptions, such as the recent blackout in Spain, underscores the urgent need for major infrastructure upgrades across the continent. Roughly half of Europe’s power grids are
Europe: Oil, gas and CO2 futures see mixed trends in early May 2025 Read More »
During the first week of May 2025, Brent oil futures experienced a downward trend in the ICE market. On Monday, April 28, the settlement price for the Front Month contract reached its weekly peak at $65.86 per barrel. However, by Friday, May 2, the price dropped to its weekly low of $61.29 per barrel, representing
Europe: Electricity prices drop in early May amid increased wind and solar production Read More »
During the first week of May 2025, average electricity prices across major European markets dropped compared to the previous week. The Nord Pool market in the Nordic countries and the MIBEL market in Spain saw the largest percentage decreases, with prices falling by 59% in both cases. The UK’s N2EX market and Italy’s IPEX market
Europe sees mixed solar and wind energy production trends in late April 2025 Read More »
During the week of April 28, solar photovoltaic energy production saw significant increases in Germany and France, rising by 30% and 22%, respectively. Italy also saw a more modest increase of 6.5%. These markets continued their upward trend for the second consecutive week. However, in Spain and Portugal, production dropped considerably. In Spain, the decline
