Renewable Energy

The European spot electricity price for Tuesday delivery increased on Monday, compared with the previous week, due to a decline in wind production and a rise in demand, which outweighed heightened German solar production. French nuclear production also increased. LSEG data show that the German baseload electricity price for Tuesday at 0930 GMT was 92.25 Euros per Megawatt Hour (MWh), up 13.2% compared with last Monday's price. Data showed that the equivalent French contract had not been traded. LSEG analyst Florine Engl said that residual load in Germany is expected to rise on Tuesday as a result of decreasing wind...

The European spot electricity prices for Thursday dropped on Wednesday as the wind supply in Germany is expected to increase sharply while demand is set to decline. German baseload for the day ahead fell by 2.9%, to 65.90 Euros per megawatt-hour (MWh), at 0948 GMT. The French baseload for the day ahead has fallen by 63.2%, to 13.25 Euro/MWh. LSEG analyst Florine Engl stated that the residual load in Germany is decreasing on Thursday as a result of an increase in the wind power supply. Forecasts indicate imports into the country all day long, she said. LSEG data indicated that...

The German network regulator started Monday a formal procedure to rethink electricity grid fees, with the goal of a system that is better suited for renewable energy. The use of the electricity network accounts for around 20% in Germany's consumer bills. This contributes to the high energy prices in Europe that hurt the economy and industry. Reform is needed to increase revenue and include more stakeholders in the costs of network expansion. Industry experts claim that the current system lacks incentives to encourage flexible users to reduce peak demands and does not guide energy infrastructure planning through clear price signals....

The cool weather on Tuesday pushed up the price of European prompt electricity, with little temperature increase expected for the remainder of the week. Wind power supply is also falling. LSEG research showed that Germany would be a net electricity importer on the day ahead when wind capacity was down in the region in the morning, shifting the balance in favor of bullishness. Overall, the capacity of conventional generation is expected to remain constant. At 1000 GMT, the price of French baseload electricity for Wednesday was up 80.6% at 32.5 Euros ($36.76). The German contract equivalent rose 12.2%, reaching 96.5...

The French spot price rose on Monday as a result of an expected rise in electricity consumption, while the wind power generation is expected to decrease throughout the region. LSEG data show that the price for French baseload electricity for Tuesday at 0835 GMT was 19 euros ($21.51). This is up from a Friday closing price of 10 euro per MWh for delivery on Monday. Data showed that the German equivalent contract had not yet begun trading. Data showed that the contract for Monday deliveries had not also traded on Friday. In line with the overall bullish trend, France's residual...

German and French spot rates were not traded on Friday morning, but a lower solar output will be expected in the entire region by Monday due to a higher demand because of colder temperatures. LSEG data shows that the German and French baseload power prices for Monday were not traded by 0745 GMT. Ricardo Parviero, LSEG analyst, says that residual load will increase in the region Monday as the lower solar supply limits the gains from the higher wind supply. LSEG data revealed that the German solar energy supply is projected to drop sharply from 10.7 GW to 5.8 GW....

The new boss of the state-owned energy company EDF has said that investment must be prioritized to maintain France's nuclear fleet. He also stated his intention to increase nuclear production from 360 terawatt hour (TWh), which is what it is now, to 400 TWh per year by 2030. Bernard Fontana Nominated Chief Executive Officer In March, President Emmanuel Macron’s government lost patience after Luc Remont's former chief Luc Remont and his team disagreed over the best way to simultaneously provide cheap energy and build new capital intensive reactors. Fontana's priority will be to strike new deals with EDF’s largest industrial...

The CEO of Swedish utility Vattenfall said on Tuesday that the uncertainty caused by trade tariffs may slow down growth in Europe's energy demand as companies stop investing in new factories. Trade barriers are the most significant threat to large industrial clients who operate on global markets. Vattenfall CEO Anna Borg commented on the first-quarter results. The company reported a underlying profit of 8.5 billion Swedish Crowns ($886.4 Million) from January to March. This is down 21% compared to 10.7 billion crowns the year before. The company said that underlying earnings were boosted last year by sales of offshore wind...

Energy security is a major issue for Australian voters, who are concerned about rising electricity bills and gas shortages. Australia is the second largest LNG exporter in the world, with sales of A$69 billion ($44 billion) last year. With sales of A$69.9 billion ($44.92 billion) in 2013, Australia was the world's No. 2 LNG exporter. It is also the most polluting nation per capita within the OECD. Both the Liberal-National Coalition, led by Peter Dutton and the centre-left Labor Party of Prime Minister Anthony Albanese, and its conservative counterpart, the Liberal-National Coalition, have pledged to lower gas prices for consumers...

The European electricity price was expected to fall over the remainder of the week, as a surplus of thermal energy more than offset the rising demand. Renewables were also less available after the holiday weekend. Marcus Eriksson, LSEG analyst said: "With improved thermal we expect a slashing of the highest price day-on-day and an overall bearish outlook." By 0815 GMT, the French baseload day-ahead traded at 64.41 euros per megawatt hour. The average price of the current week was 48 euros. Germany's baseload day-ahead position has not traded. Four-day delivery Friday, meaning Tuesday, closed at 95 Euros. The French nuclear...

On Monday, the strong gains in wind energy supply across the region put downward pressure on spot prices as they offset the growing demand and reduced solar power supply. LSEG data shows that the German baseload electricity for Tuesday at 0845 GMT was 67.50 Euros ($76.83). The French power of the day was 18.25 Euros/MWh. The prices were lower than the closing values of 103.75 and 68 euros, respectively, last Monday. Both contracts were traded on Friday, but for delivery Monday. Riccardo Paraviero, LSEG analyst, said: "Wind surges (again) on Tuesday painting a firmly negative outlook for German electricity prices."...

The Public Power Corporation of Greece plans to invest 5,75 billion euros ($6.4billion) in Western Macedonia to create a green technology and energy hub for Greece as well as southeastern Europe. The plan includes the construction of a 300 megawatt, 2.3 billion euro data center at Agios Dimitrios. PPC stated that the facility could potentially be scaled up to 1,0MW depending on the level of demand. The company intends to also invest 1.2 billion Euros in developing solar parks on ex-mining sites in Western Macedonia. These solar parks will provide a combined power of 2,130MW. Additional 940 million Euros will...

The Malaysian data centre company Equinix announced on Wednesday that it was looking into alternative sources of energy, as it anticipates an increase in domestic electricity rates to raise its costs. The Malaysian government announced previously that it would increase electricity rates by 14.2% this July. Equinix Malaysia's managing director Cheam Tat Inn said that the company was looking into a variety of renewable energy service providers during a tour of the completed second phase of their data center in Cyberjaya. Cheam didn't specify the renewable sources used or a time frame. Equinix Malaysia operates two data centers, Cyberjaya, and...

Due to high tariffs, China's exports of used cooking oil to the United States - its biggest buyer - are expected to plummet in the coming months. Sellers will be forced to divert shipments elsewhere or to Europe, according to industry players. The Trump administration has imposed a 125% tariff on Chinese UCO imports starting this month. Three UCO traders in China said that the U.S. shipments, which were worth $1.1 billion last fiscal year, have been falling. The last cargoes are expected to arrive around the end of March or early April, before the trade grinds to an abrupt...

The price of Malaysian palm oils rose for the third session in a row on Friday. This was due to strong demand before Eid al-Fitr, an Islamic holiday. Also, rival vegetable oil prices were strong. The benchmark contract for palm oil delivery in June on the Bursa Derivatives exchange gained 108 Ringgit or 2.5% to $4420 ringgit (US$996.62) per metric ton. The contract rose 1.03% in the last week, marking its first weekly increase in three. A Kuala Lumpur based trader stated that "Today crude palm oil future prices are up due to strong physical demand because of the holiday...

The price of palm oil in Malaysia fell for the third time on Tuesday, to its lowest close in almost two months. This was due to lower prices for rival vegetable oils at Dalian and Chicago and weaker export data. The benchmark June palm oil contract on Bursa Malaysia's Derivatives exchange lost 58 Ringgit or 1.35% to close at 4,247 Ringgit per metric ton, its lowest price since January 27. Anilkumar bagani, head of commodity research at Mumbai-based Sunvin Group vegetable oils brokerage, said: "The sentiments in palm oil are bearish right now because it has been forced by the...

Malaysian palm futures rose on Thursday, supported by lower production levels but capped by persistent concerns about demand from key import countries. At the close, the benchmark May palm oil contract on Bursa Derivatives Exchange rose 52 ringgit or 1.16% to 4,533 Ringgit ($1,022.10) per metric ton. The contract fell by 2.98% over the last three sessions. The palm oil market is resilient, despite the recent sell-offs due to uncertainty in global markets over tariffs. Production hasn't picked up since March and demand remains a concern, said Paramalingam Supramaniam of Selangor brokerage Pelindung Bestari. "Even if the production picks up...

Malaysian palm futures rose by more than 2% in the past 24 hours, following gains made by rival edible oils. A positive U.S. report about world agricultural demand and supply estimates also helped. By midday, the benchmark contract for palm oil delivery in April on the Bursa Derivatives exchange had risen 102 ringgit or 2.22% to 4,695 Ringgit ($1,051.28) per metric ton. The Malaysian market was closed for a holiday on Tuesday. A Kuala Lumpur based trader reported that the Crude Palm Oil Futures were lifted due to a stronger oilseeds rival market and a positive World Agricultural Supply and...

Malaysian palm oil futures extended losses for a second straight session on Thursday as slow need pressured rates. The benchmark palm oil contract for March delivery on the Bursa Malaysia Derivatives Exchange moved 59 ringgit, or 1.36%, to 4,295 ringgit ($ 954.44) a metric ton at the close. The agreement lost 0.25% on Wednesday. Traders are waiting for indications of market healing after the recent rout, nevertheless, demand stays weak and continues to put pressure on costs, stated Paramalingam Supramaniam, director at Selangor-based brokerage Pelindung Bestari. Authorities in Indonesia have actually also been checking out ways to curb utilized cooking...

Malaysian palm oil futures closed up on Friday, although they posted a 5.41% weekly decrease, snapping gains from the previous week. The benchmark palm oil agreement for March delivery on the Bursa Malaysia Derivatives Exchange acquired 41 ringgit, or 0.95%, to 4,374 ringgit ($ 972.65) a metric heap at the close. The futures seen shrugging off weakness in early trade as India, the most significant edible oil importer on the planet stepped up palm oil buying and purchased around 100,000 metric lots of palm oil in the first two working days in 2025, stated Anilkumar Bagani, head of research study...

Malaysian palm oil futures extended losses in heavy morning trade on Thursday, tracking weakness in rival soyoil at the Chicago Board of Trade exchange. The benchmark palm oil agreement for February delivery on the Bursa Malaysia Derivatives Exchange lost 7 ringgit, or 0.14%, to 4,849 ringgit ($ 1,093.84) a metric lot by the midday break. Futures costs fall with heavy early morning selling activities. Overnight weakness in soyoil at the Chicago exchange also dragged the futures lower, said a Kuala Lumpur-based trader. Soyoil lost 0.99% at the Chicago Board of Trade. Dalian's most-active soyoil agreement rose 0.3%, while its palm...

Malaysian palm oil futures fell on Wednesday, dragged down by weak point in competing veggie oils while a stronger ringgit included pressure to the contract. The benchmark palm oil contract for February delivery on the Bursa Malaysia Derivatives Exchange lost 38 ringgit, or 0.75%, to 5,037 ringgit ($ 1,148.17) a metric load at closing. The agreement is taken down by the easing of soyoil rates in the Dalian Commodity Exchange and the Chicago Board of Trade, a Kuala Lumpur-based trader stated. Dalian's palm oil contract climbed 0.72%, while its most-active soyoil contract slipped 0.25%. Soyoil was down 1.23% at the...

India's imports of thermal coal plunged by about a third on an annual basis in October, according to information analytics companies Bigmint and Kpler, due to slowing power generation and higher clean energy output. Deliveries into the world's second-largest coal importer plunged 31.8% to 13.56 million metric tons, Bigmint information showed. This was the fastest rate of contraction in fifteen months, and the first successive decrease because July 2023. Traders expect Indian purchases to pick up in the coming weeks, however that will not be enough to raise total annual imports above 2023 levels as deliveries are anticipated to fall...

Malaysian palm oil futures slipped partially on Thursday, reversing early gains due to rising premiums over gasoil and Indonesia's proposition of a 50%. palm oilblended biodiesel. The benchmark palm oil contract for January. shipment on the Bursa Malaysia Derivatives Exchange was down 2. ringgit or 0.04%, to 4,915 ringgit ($ 1,114.77) a metric ton by. the midday break. The agreement had actually risen about 2% earlier in the session. Futures were not able to hold gains on different factors,. beginning with palm oil's rising premium over gasoil, and then. Indonesia has proposed B50 biodiesel mix in 2028, said Anilkumar. Bagani,...