Energy BrainBlog

Blog by Energy Brainpool GmbH & Co. KG

Tutorial gas market 5: Price indices

The linkage to the oil price is achieved by not including a fixed price in the gas contracts but a formula by which the gas price is calculated using the oil price.
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Ex post analysis July 2017: Variable renewable energy sources generate 17 per cent less than in the previous month

In July 2017, the production of variable renewable energy sources (vRES) fell by approx. 17 per cent compared to the previous month. With a drop of around 23 per cent onshore and offshore technologies, were particularly affected. In contrast, the sales values for wind-onshore and wind-offshore increased by around 20 percent and 16 per cent for solar power plants compared to June 2017. Hence, the sales revenues remain at a constant level.
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How flexible are German power plants really?

The influence of variable renewable energy sources (vRES) dominates the day-ahead market. The displacement of conventional power plants during high feed-in of vRES affects prices and generation volumes. For the Calendar Week 25 (19 – 25 June) it is analysed how conventional power plants need to adjust their scheduling because of the vRES feed-in.
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Tutorial gas market 4: Specificities of natural gas procurement contracts

In the procurement of gas some singularities have developed, which distinguish the gas market from other commodity markets. Import companies, for example, sometimes have very long-term contracts with gas producers (up to 20 years), a linkage to the oil price and the so called take-or-pay volumes or flexibilities with limits. This chapter aims to familiarize you with the terminology, to understand their meaning and to assess the consequences for the energy industry.
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Energy market review – July 2017

The Federal Ministry for Economic Affairs and Energy is expecting more competition and increased security of supply by modifications in the gas market and the balancing power market. The power generation of renewables recorded a new high in the first half-year of 2017. While climate targets are under consideration, investments in and applications for Blockchain technology are taking shape. The strong prices for coal have especially pushed up the annual base load delivery for 2018.
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Power market reform China: Update on provincial spot markets

The world’s largest electricity producer reforms its power sector. The development of a provincial spot market is increasingly important to allow for efficient power plant dispatch in China. Zhejiang province aims to introduce a spot market by early 2019.
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Tutorial gas market 3: Influence of the LNG market

Damen-Shiprepair-Brest-Scores-Second-LNG-Repair-Commission (LNG Worldnews) For a long time natural gas has exclusively been a grid-bound energy carrier. In consequence, markets for natural were not globalized, but there were several submarkets (see Tutorial 1) which supplied themselves. Furthermore, the price level in the various markets varied as no arbitrage between the markets was possible.
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Ex post analysis June 2017: market results of fluctuating renewable energies

The electricity production from variable renewable energies (vRES) increased by 13 per cent compared to the previous month. This is shown by the generation data of ENTSOE Transparency. June’s sales values of wind onshore and offshore decreased by roughly 18 per cent. In contrast to May 2017, the sales value of PV declined by only 7 per cent.
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