electricity prices

Spanish consultancy AleaSoft Energy Forecasting recorded negative hourly electricity prices for all but one European energy market it analyzed during the first week of April, including in the Spanish and Portuguese markets for the first time. It also registered an all-time production record for photovoltaic energy in Portugal and the second highest value ever recorded in Italy.

REC Advanced Silicon Material LLC is shutting down one of its two polysilicon production facilities in the United States. It says the decision is primarily due to regional structural imbalances in supply and demand for electricity.

In the land of a thousand lakes and long, harsh winters, a surprising gold rush is under way – not for precious metals but for sunlight. Finland, often associated with its stunning natural landscapes, has become an unlikely contender in the global renewable energy market, particularly in the realm of solar power.

With the consistently unambitious forecasts for solar trotted out by entities such as the International Energy Agency (IEA) now a matter of record, a German risk management company has tried to predict more realistic figures for 2030 and beyond.

In the third week of September, European electricity markets prices fell compared to the previous week. The decline was due to lower demand and a significant increase in wind energy production in several markets, which offset increasing gas and CO2 prices. On September 25, TTF gas futures reached their highest level since early April and on September 18, Brent reached its highest settlement price since November 2022.

Almost every weekend since Easter, European generators have been paid to power down plants but some Northern European nations are experiencing record electricity prices. An energy system set up for fossil fuels is in urgent need of reform, according to Gerard Reid, co-founder and partner of Alexa Capital.

Offering solar savings to apartment dwellers, and particularly renters, is not a simple task – as low take-up in Germany has demonstrated. Mel Bergsneider, from Australian startup Allume Energy, explains how a product offered by her company could change all that.

The United Kingdom’s most energy-intensive manufacturers, already exempt from 85% of the contributions paid by other companies for green incentive schemes, could be spared from them entirely, according to a new consultation exercise.

With the finances of national utility the Bangladesh Power Development Board in disarray thanks to rising capacity payments for often-inactive conventional power plants, renewables offer the hope of fiscal sustainability, according to the Institute for Energy Economics and Financial Analysis.

Brazil’s deployment of distributed generation PV (below 5 MWp) has exploded from a total capacity of 500 MW in 2018 to 7 GW by September of this year. The trigger for this increase, alongside rocketing electricity prices, was the 2019 proposal of law 5829, writes IHS Markit analyst Angel Antonio Cancino. The proposal is expected to pass into law at the end of this year and will gradually introduce grid-access charges for residential and commercial system owners.