As the world undergoes the green transition, it is expected that demand for electricity will increase as we look to replace fossil fuels as a source of power.
Read StoryRecently, the Nordic power market’s exposure to the current low hydrological balance and very high European power market prices have had a strong influence on power prices. This blog will focus on the situation in Norway South, which accounts for most of the hydrological deficit in the Nordic market.
Read StoryWe have sadly all now seen the pictures from the devastating flooding that recently hit Germany, Belgium and other neighbouring countries. After several weeks in which precipitation continued above normal levels, these areas were hit by about 500% of normal precipitation during week 28 (July 12th - 18th) leading to a scenario where riverflows destroyed several villages and many people lost their lives. Our thoughts go out to the victims, their families and those making rescue efforts. Whilst unimportant given the context, the unprecedented rainfall has also affected power markets and those hydrological impacts will be the focus of this blog.
Read StoryWith power market conditions fluctuating in response to changing consumption demands as economies across Europe look to kickstart the green recovery after the height of the COVID-19 pandemic, Eylert Ellefsen, Senior Analyst and Hydrology Expert at Energy Quantified presents a comparison of the German power balance between Q2-2019 and Q2-2021.
Read StoryIn this blog, Energy Quantified's Eylert Ellefsen dives into the fundamental power balance numbers in the NP-North area, explaining the current surplus situation, grid flows between price zones and future outlooks for the summer. Please note, we use the terminology "NP-North" to refer to the SE1, SE2, NO3 & NO4 price areas.
Read StoryThis April has seen a notably cold spell of weather sweep across Europe. Temperatures have been 4 or 5 degrees Celsius below normal in most areas, whilst spot prices for the past month have delivered 5-7 €/MWh higher than expected in several areas. In this blog post, we study how the Central Western European (CWE) hydropower system developed during this cold spell and compared this situation to available historical statistics.
Read StoryThe temperature outlooks until the first week of May are much lower than normal in the Nordic region. Read on to see the likely consequences for inflow- and snow conditions in SE1 and SE2.
Read StoryWhen Germany closed down 4.8 GW hard coal plants this winter, the impact could have been severe, but the average output from German coal plants increased year-on-year due to a positive clean dark spread. That escape from a capacity squeeze will be harder to avoid next year as more capacity will closed down.
Read StorySpanish spot prices were nearly halved in February, dropping 32 €/MWh on the back of exceptionally high hydropower output, reduced consumption and lower SRMC for gas.
Read StoryPrecipitation across Southeastern Europe (SEE) in weeks 1-7 were the highest on record, pushing hydropower production to record highs as well, at nearly twice the 2019 and 2020 levels.
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