Europe: EU plans complete ban on Russian gas imports by 2027 Read More »
The European Union is preparing to introduce new measures aimed at ending all imports of Russian gas by the end of 2027. As a first step, the European Commission intends to ban all new contracts for Russian gas, including spot market deals, by the end of 2025. These spot deals currently represent about one-third of […]
Solar electricity production in Europe jumped by more than 30% in the first quarter of 2025 compared to the same period in 2024, marking a strong start to what could be a record-breaking year for solar energy in the region. According to data from Ember, Europe generated nearly 68 terawatt hours (TWh) of solar power
Europe: Brent oil, TTF gas and CO2 futures show mixed trends in April 2025 Read More »
During the fourth week of April 2025, Brent oil futures for the Front Month in the ICE market saw fluctuations. Prices reached their weekly peak on Tuesday, April 22, settling at $67.44 per barrel. However, by April 23, they dropped by 2.0%, hitting a weekly low of $66.12 per barrel. In the final two days
During the fourth week of April, electricity demand saw a decline across most major European markets. Italy experienced the largest drop, with a decrease of 14%, followed by Portugal and France, which recorded decreases of 6.0% and 3.4%, respectively. Belgium and Germany showed the smallest declines, with 0.6% and 0.5% reductions. Germany’s demand continued its
During the week of April 21, solar photovoltaic energy production saw increases across all major European electricity markets, reversing the declines observed the previous week. The Portuguese market experienced the highest growth, rising by 62%, followed by Italy and Spain, with increases of 38% and 33%, respectively. The German market saw the lowest growth at
Europe: EU plans legal path to end Russian gas contracts without penalties Read More »
The European Union is developing legal measures that would allow companies to terminate long-term contracts for Russian gas without facing penalties, citing force majeure. This move is part of the EU’s broader strategy to eliminate its reliance on Russian fossil fuels by 2027. European Commission President Ursula von der Leyen announced that the Commission will
Solar electricity generation across Europe jumped by over 30% in the first quarter of 2025 compared to the same period in 2024, signaling a potential record year for the continent’s solar energy output. Data from Ember shows that solar installations produced nearly 68 terawatt-hours (TWh) of electricity between January and March—a 32% increase year-on-year. In
In Week 16 of April 2025, Dutch gas prices saw a slight increase, despite the combination of warm temperatures and strong supply from Norway. TTF gas futures for contracts with delivery in May 2025 were slightly higher compared to the previous week but remained consistently below €40/MWh throughout the week. On Thursday, April 14, TTF
In the third week of April, Brent oil futures for the Front Month on the ICE market continued to trade below $70 per barrel. The lowest settlement price was recorded on Tuesday, April 15, at $64.67 per barrel. However, prices increased in the last two sessions of the week, with the weekly maximum settlement price
Easter week leads to lower electricity demand across most European markets Read More »
During the third week of April, electricity demand decreased across most major European markets. Spain saw the largest decline, with a 7.1% drop, followed by Germany at 4.3%, Belgium at 2.1%, Great Britain at 1.8%, and Italy at 0.9%. On the other hand, electricity demand increased in France and Portugal, with rises of 3.5% and
