As the Covid-19 pandemic enters its sixth month, we are starting to get more data on the impacts that efforts to contain the disease have had on the global economy. Much has already been stated about the fall in energy demand globally caused by the lockdown of world economies. The fall in oil prices – […]
Energy Connections
European energy prices looking weak heading into third quarter
This article was written by Harriet Roberts. It discusses the findings of the ICIS European Energy Mid-Year Outlook 2019 European energy prices weak on oversupply, power benchmark front-year has room to fall European wholesale gas and power prices are set for a bearish third quarter, underpinned by strong supply at both a continental and global […]
Technology-neutral auctions – myth or reality?
This article was written by Vija Pakalkaite (EU Carbon and Power Analyst) and Matthew Jones (Senior Market Analyst) and it discusses the trend of multiple technology renewable energy support auctions which are taking place in Europe.
ICIS View: UK to close subsidy scheme for smaller renewables
The UK had indicated in 2015 that the generation tariff under the FiT scheme would end in March 2019 but Thursday’s announcement means the export tariff for new instalments will also be scrapped, effectively killing the whole scheme. With no revenue now available for either generating or exporting excess power to the grid, the small-scale […]
European Commission’s drafting feedback tool a win for transparency
The launch of the European Commission’s new public feedback tool is a much-needed step forward for transparency in the EU law-making process. The tool, available here, was launched on 30 June and gives the public access to draft delegated and implementing acts. The public can also lodge feedback via the tool for four weeks after […]
UK competition inquiry: a regulator’s last stand?
This is a guest post by the editor of ICIS’s European Daily Electricity Markets, Jamie Stewart. The UK wholesale energy markets were given a clean bill of health on Wednesday, when the initial findings of a major competition inquiry were published here. The report, which clearly indicates the probe’s future direction, picked on aspects of […]
VAT fraud in energy markets
Ten power and gas organisations have sounded the warning bell over fraud in EU energy markets. No case of fraud in the power and gas markets yet, but some interesting examples exist in Germany. Read this article for more.
ESMA consults on physical gas and power forwards
The European Securities and Markets Authority (ESMA) released the latest installment of the saga on whether physical power and gas forwards are derivatives. If they are, then most over-the-counter trades in power and gas would come within the scope of the European Market Infrastructure Regulation – EMIR. That would mean energy companies would have to […]
Knowing what is in your REMIT
As mentioned in this blog recently and in this ICIS story today, the implementing acts for REMIT are likely to come in November. It is possible they might come sooner. In the article linked to above, some market participants complain about the six-month timeframe companies will have to digest the implementing acts before they have to […]
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