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Download our Annual GB Market Summary for FREE: https://lnkd.in/eSKXRFdT British renewable energy output hit 118 TWh in 2024, boosted by record wind, helping to push gas generation in the country to its lowest level in 20 years. Wind output rose by 4% on the year to a record-high 83 TWh, to account for 70% of Britain’s renewables generation. Download the report for free for more insights!

We’re delighted to welcome KlimaInvest Green Concepts GmbH as a co-exhibitor at this year’s E-world energy & water! 📅 When: 11-13 February 2025 📍 Where: #Happystand (Hall 3, 3F100) KlimaInvest is a leader in driving Germany’s energy transition, partnering with over 500 energy suppliers, businesses, and private customers. With certified green electricity and green gas solutions, they empower their partners to meet climate goals and pave the way for a renewable future. 💡 Curious about their impact on sustainability and energy innovation? Explore more here: klima-invest.de Whether you’re looking for solutions to supercharge your climate strategy or just want to connect with industry changemakers, don’t miss your chance to meet the KlimaInvest team at E-world 2025! #Eworld2025 #GreenEnergy #Sustainability #EnergyTransition #ClimateAction

Norwegian wind power buildout has completely stalled the last two years, after a boom around 2020, due to local protests and a lack of new licenses.   At the same time, Norway’s largest power consumer Norsk Hydro wants to see more wind farms coming online as it needs to secure more power for its aluminum production from 2030. Visit Montel News for the latest updates on the energy markets by clicking the link in the comments section.   #windpower #powerproduction #Nordic #renewables

Join us for Montel's flow-based market coupling webinar series! The first webinar will take place on 16th January from 14:00 to 15:00 CET where I will introduce flow-based market coupling, explain how flow-based market coupling better integrates the physical grid with the electricity market, what are non-intuitive flows, how are flow-based domains calculated, and explain what flow-based market coupling means for the short-term markets including day-ahead, intraday and balancing markets. Link to the first webinar: https://lnkd.in/dgMNaTGE The second webinar will be held on 23rd January from 14:00 to 15:00 CET which will be moderated by Olav Vilnes where the speakers Ljubov Cherney, Mårten Bergman, and Mikko Peltonen will present their analysis on the results from Nordic flow-based implementation in the past few months. Link to the second webinar: https://lnkd.in/dPJ_5Ujk Montel Montel Analytics #Montelevents #webinarseries #flowbasedmarketcoupling

Market Shrugs Off Centrica Concerns of Low UK Gas Storage ❄️   Plunging temperatures and high demand for gas-fired power stations have left UK gas storage at “concerningly low levels,” according to Centrica. Inventories are 26% lower than this time last year, sitting at around half capacity, with less than a week’s gas demand in store.   Centrica attributed the situation to colder-than-usual weather and the end of Russian gas supplies via Ukraine from 31 December 2024.   However, Greenpeace has urged caution, suggesting the risk may be overstated: “The UK has long relied on reasonably full European gas stores via interconnectors. Centrica may be using this moment to seek taxpayer funding for its East Yorkshire storage site.”   With EU gas storage at 68.2% capacity, there’s little reason for panic, they added.   📖 Link to the full article by Laurence Walker can be found in the comments section. #energymarkets #gasmarkets #energyprices #gasstorage  

The Guarantees of Origin (GO) market experienced significant developments in 2024, with prices declining to levels unseen since 2021. This trend is largely attributed to an oversupply stemming from increased renewable energy production across the European Economic Area (EEA). Notably, the Association of Issuing Bodies reported a rise in GO transfers, indicating sustained interest and utilisation. Looking ahead to 2025, several factors are poised to influence the GO market: Regulatory Changes: The implementation of the Corporate Sustainability Reporting Directive (CSRD) and the Green Claims Directive is expected to drive demand by making the use of GOs more obligatory for corporate entities within the EEA. Market Dynamics: The interplay between supply and demand will continue to impact GO prices. The anticipated increase in renewable energy production may contribute to ongoing oversupply, potentially exerting downward pressure on prices. Understanding the implications of regulatory shifts and market dynamics will be crucial for making informed decisions in 2025 and beyond. For a comprehensive analysis, link to the full article in the comments section. #energymarkets #marketinsights #GOmarket

Germany's key challenges as election looms   Germany’s energy sector is at a pivotal moment, with political shifts, economic challenges, and the energy transition shaping its future. This week on the Montel Weekly Podcast, Katharina Johannsen, Montel’s Berlin reporter, and Tobias Federico, Managing Director at Montel Analytics, join us to discuss key issues ahead of Germany’s February election.   We’ll explore how political changes, including Elon Musk’s favourite German party and the prospect of a Trump presidency, could impact energy policy and markets.   The episode also delves into the downturn in German industrial production, expectations for energy prices in 2025, and the critical challenges facing Germany’s energy transition. Link to the podcast in the comments section.   Host: Snjólfur Richard Sverrisson, Editor-in-Chief, Montel Guests: Tobias Federico , Managing Director, Senior Analyst, Montel Analytics; Katharina Johannsen – Berlin Correspondent, Montel News #energymarkets #germanelections #energypolicy #energyinsights #energysector

UK Pays Over GBP 5,000/MWh to Balance Power Grid Amid Tight Margins The UK faced soaring system costs as the imbalance price surged to a near three-year high, reaching GBP 2,900/MWh, amid tight supply margins on Wednesday. The National Energy Systems Operator (Neso) issued a warning of critically low power reserves, with supply exceeding demand forecasts by only 215 MW. The alert was withdrawn after high-cost balancing actions were taken to stabilise the grid, including sourcing power at prices exceeding GBP 5,000/MWh. Import constraints exacerbated the situation, with key interconnectors offline or operating at reduced capacity, intensifying reliance on domestic resources. Intraday electricity prices neared GBP 600/MWh, significantly higher than day-ahead auction prices on Epex and Nordpool, which ranged between GBP 300-345/MWh. Link to the full news article by Gabriel Power can be found in the comments section.

Reform Uncertainties Leave Italian Power Market “in the Dark”   Italy’s Tide power market reform, launched this year to align with European standards, remains mired in uncertainty over key timelines and procedures, traders and analysts report. The reform aims to improve grid flexibility through renewable energy integration and shorter settlement periods.   However, operational clarity is lacking, particularly on measures like dynamic bidding zones and handling negative power prices, leaving market participants in confusion. While the 15-minute trading intervals took effect on 1 January, other reforms are yet to be phased in.   Italy’s energy regulator Arera is exploring ways to mitigate the impact of negative prices on renewable investments. The 15-minute market time unit will roll out across European borders in June 2025, marking a significant milestone.   Full implementation of Tide is expected by 2029, with experts predicting a long adjustment period for traders.   Link to the full reporting by Alina Trabattoni can be found in the comments section.

We’re thrilled to welcome you to Montel’s #happystand at E-world energy & water 2025! 🌟   Join us from February 11th to 13th at the heart of the energy world’s premier event. The #happystand is your hub for insightful conversations, familiar faces, and exciting updates on the energy market.   Whether you’re looking to network, explore new opportunities, or simply catch up with industry experts, our stand is the place to be. Let’s connect, share ideas, and make this year’s E-world unforgettable.   📍 Come find us at the #happystand – where energy meets community. See you there! 💡 Book your meeting with Montellos today: https://lnkd.in/erer3rqr   #EWorld2025 #Networking #EnergyInsights