Thursday , April 2 2020
Home / Tag Archives: wind

Tag Archives: wind

Power to the people? UK electricity suppliers disrupt retail market

UK consumers have access to a competitive energy retail market and are able to switch between suppliers with little more than a few clicks online. But electricity bills can still feel divorced from actual energy costs, with households often failing to feel the benefit when newspaper headlines shout about negative electricity prices. The UK energy retail market has traditionally been dominated by the “Big 6” suppliers who have charged consumers a fixed rate for their electricity, regardless...

Read More »

Commodity Tracker: 4 charts to watch this week

As oil markets and the wider commodities complex digest the breakdown of the OPEC+ alliance, they are also assessing the demand-side damage wreaked by coronavirus. In the European power sector, it’s the weather that is holding markets in thrall: wind generation continues to smash records as March proves almost as stormy as February. 1. No reprieve for oil markets as OPEC talks flounder   What’s happening? Oil majors will be hoping the carnage on the oil markets doesn’t last too long...

Read More »

Commodity Tracker: 5 charts to watch this week

In this week’s pick of energy and commodities trends, European wind generation storms into 2020 and oil refiners in Asia and Europe feel the impact of US-Iran tensions. Plus, S&P GSCI index performance in 2019 reveals investors’ darlings among commodities.  1. European wind charge sweeps away nuclear concerns     What’s happening? Wind generation records tumbled across Europe last year and 2020 got off to a flying start in week 1 with fresh output highs across...

Read More »

US utilities race to slash emissions as ESG reporting takes off

US utilities have stepped up their efforts to provide environmental, social and governance (ESG) reports with clear emissions reduction goals, writes Jeffrey Ryser. This is the first in a series of articles assessing key energy sector trends, ahead of the S&P Global Platts Global Energy Awards. The year 2019 may come to be seen as pivotal in the transformation of the US electricity sector. A drive by dozens of US electricity utility holding companies to provide ESG reports has brought to...

Read More »

Renewable power GO: market looks to new drivers of liquidity and supply

The market for European Guarantees of Origin, or GO, electronic tags that certify the source of renewable electricity, is evolving quickly. S&P Global Platts has been monitoring developments, including the impact of recently-launched French auctions; price dynamics across regions and technologies; and where additional GO supply will come from in the coming years. Here are the key trends that European utilities and other market participants should be following this winter: 1. French...

Read More »

Middle East solar dream in danger of early burn out

With abundant sunshine, the Middle East and North Africa should be global leaders in solar power. But slowing electricity demand growth and an uncertain economic outlook across the region may hold back investment, experts warn. Arab Petroleum Investments Corporation lowered by 20% its estimate of spending on power generation over the next five years in the region, in a report last month, citing reduced economic and population growth forecasts and higher electricity prices. Egypt – the...

Read More »

Saudi Arabia leads Middle East’s rush to renewables, but policies lag behind ambition

Saudi Arabia, the world’s largest oil exporter, has ambitious plans to tap into the potential of renewables to fill a shortfall in regional power demand. But opinions are divided on how realistic the Kingdom’s strategy is, given its track record of delayed projects and a shortage of domestic policies to help support investment. The drive to increase renewables generation in the region is not limited to Saudi Arabia. With economies in the Middle East region set to grow in the coming years,...

Read More »

Forward spark spreads suggest rising profitability of US renewables as sector matures

Ahead of the S&P Global Platts Global Power Markets conference in Las Vegas, April 8-10, 2019, The Barrel presents a series of articles on the global and US electricity sectors. In this last post of the series, Steve Piper analyzes S&P Global Market Intelligence data to show that renewables are increasingly able to compete with conventional generation. Wind and solar photovoltaic (PV) electric facilities only account for an estimated 11% of US generation, but they are fast closing...

Read More »

Global energy transition, IP Week preview, IMO 2020: The week in energy and commodities

The global energy transition is well underway, but it was a week of mixed signals in the drive for decarbonization. In Europe, additions of wind power capacity in 2018 fell to their lowest level since 2011 and the outlook for investment is uncertain, sector association WindEurope said. Meanwhile, the EU struck an informal deal to enforce lower emissions from heavy goods vehicles. The rules would see new HGVs emit an average of 15% less CO2 by 2025 and 30% less by 2030 compared with...

Read More »

Insight from Brussels: Renewables win in new EU power market design

Renewables are the big winners in the European Union’s new power market rules, which are designed to help the grid cope with ever increasing shares of variable sources such as wind and solar. This is part of the EU’s long-term push to cut its greenhouse gas emissions and reduce fossil fuel imports. At the end of 2018 it adopted a binding target to source at least 32% of its final energy demand, including heating and transport, from renewables by 2030. That translates into sourcing more than...

Read More »