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Mecapa in 2020: chronicle of a peculiar mechanism in uncertain times

Year 2020 would have been a very special year for the Capacity Mechanism Market, too. It would have started “normally” following the 2019 trend. However, the pandemic and its procession of consequences and restrictive measures then reshuffled the cards on the Capacity Market and drove up the prices of Capacity Guarantees when, on April 6th, …

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Fifty shades of green growth

Draping themselves in environmentalist morality, Europe and its States have wasted an absolute fortune on reducing emissions (and primary energy), with appallingly lacklustre results: Figure 1 Primary energy consumption within the European Union (EU) between 2006 and 2018*(in millions of tonnes of oil equivalent) (Source Statista 2020) Today (post-Covid-19?), when the industry – and, consequently, …

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Climate-proofing for the energy industry: evolve…or die?

What was, a few years ago, merely a theory has now become a proven fact. Global warming caused by the greenhouse effect is inexorably advancing, risking becoming irreversible. Society has started paying attention to the ‘climate emergency’, and we are all changing our behaviour in order to adapt to this crisis. Energy companies – which …

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Covid19 and developments in the Capacity Market: auction results

The famous capacity auction of June 25th, 2020 has given its verdict and the results are exceptional! As a reminder, last Thursday, June 11th, RTE stated the risk regarding the security of supply for next winter (2020/2021) to be high. The balances between supply and demand for capacity guarantees show the following situation: for the …

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Time for renewables: how Covid-19 has affected Wind and Solar development in France

A new day, a new article on Covid-19 pandemic effects on the economy. Leaders of the big industries continue to watch, with great concern, the overall evolution of markets, especially now that deconfinement phases are being implemented in most of the EU countries. The current health crisis is forcing both production and services sectors to …

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Each month, one of our experts publishes an article describing his view on a specific topic of the constant changes taking place in the energy market, with special focus on the French market.