HES

It is well known that EDF has a majority presence in the electricity generation in France. More specifically, EDF is the only player which produces nuclear-based electricity, which accounts for more than 70% of the French power mix. The production fluctuations of the French nuclear fleet immediately translate into price variations on the electricity futures […]

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,

It is still France which, through its tax inventiveness, is at the origin of this trend. On 1 January 2016, the CSPE (Contribution to the Public Electricity Service) was replaced by the TICFE (Domestic Tax on the Final Consumption of Electricity). Many said it was “six of one and half a dozen of the other”,

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,

Since the beginning of 2020, European gas markets have seen their prices drop to levels not seen since the previous global economic recession back in 2008. The impact of mild temperatures during the 2019/2020 winter season, high levels of wind power generation and nationwide lockdowns forced by the Covid-19 pandemic, resulting in reduced natural gas

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

On Thursday, May 28th, UNIPER announced its decision to bring back Irsching 4 & 5 CCGT power plants in Bavaria to the market as of October 1st, 2020. Since these are the two most modern (built in 2010 and 2011, respectively) and most efficient gas power plants in Germany, with yields of 60.4% for Irsching

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

Back on April 16th, 2020, and due to the Covid19 crisis, EdF announced a reduction in its electricity production forecasts in France for the year 2020. This decision was taken in order to respond to the constraints of nuclear power plant availability over the next two winters by reviewing all the unit outages that were

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