News

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COAL – API 2 rally set to peter out

04/08/2017 (Montel) A rally in European coal prices that has taken the front-year contract to nine-month highs shows signs of petering out amid an expected decline in European coal burn.

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ASIA-PACIFIC COAL – China’s hydropower curbs spur demand

05/07/2017 (Montel) Asia-Pacific coal prices – particularly in China – remained supported this week as a shortfall in Chinese hydropower generation and Indian restocking spurred coal demand, participants said on Wednesday.

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COAL OUTLOOK – Prices to extend gains amid buoyant euro

04/07/2017 (Montel) European coal prices may gain some further ground this week amid a buoyant euro versus the dollar and uncertainty regarding South African supply, participants said on Monday.

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MONTHLY – Coal may retest 8-month high

03/07/2017 (Montel) European coal prices will take direction from weather-related developments over the coming month and could retest eight-month highs hit last week, although the current supply demand outlook appears relatively balanced, participants said on Monday.

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ELSERT – Kontrakten for 2021 stuper nær 10%

03/07/2017 (Montel) De lange kontraktene i elsertifikatmarkedet faller markant fredag ettermiddag etter at Vasa Vind og APG tidligere på dagen annonserte byggingen av Åskälen vindpark (288 MW). Fronten stiger derimot litt.

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Market shrugs off low German nuclear availability in July

28/06/2017 (Montel) Healthy hydropower and wind output should offset a 4 GW drop in German nuclear availability in July, although days with little wind and hot weather provided upside risk, market observers said on Tuesday.

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Nena: – Ikke bygg mer i elsertmarkedet før 2024

02/06/2017 (Montel) Det bør ikke foretas nye investeringer i elsertifikatmarkedet før i 2024, sier Nena-analytiker Sigbjørn Seland, som ser en fortsatt risiko for lave elsertpriser, selv om overskuddet vil krympe til 4,5 millioner sertifikater i 2020.

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MONTHLY – Front-year coal may surpass USD 70/t

02/06/2017 (Montel) Front-year European coal prices may continue to rise, above USD 70/t, in June as a possible tightening of supply and technical signals trigger some gains but the market is currently well supplied, market participants told Montel.

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END OF DAY – Coal edges higher amid thin trading

30/05/2017 (Montel) European coal prices climbed back above their average range of the past 200 days on Monday amid lacklustre trading activity in fuel markets due to a public holiday in the UK.

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Open position: Sales Manager - Power markets

30/05/2017 We are looking for an energetic Sales Manager in Germany, mainly to focus on our services for power markets, including Nena Analysis...

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GERMAN – Cal 18 retreats from 1-month high

23/05/2017 (Montel) Germany’s benchmark power contract pulled back from its highest level in a month on Tuesday, though it remained above a psychologically important support marker of EUR 30/MWh.

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NORDIC – Spot set to dive on soaring inflow

16/05/2017 (Montel) A rapid increase in inflow due to rising temperatures and forecast rain could put massive pressure on the system price, market participants said, with contracts dropping in value across the board on Tuesday.

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Coldest Night in 70 Years Causes Spring Pinch for Nordic Power

11/05/2017 (Bloomberg) Nordic power prices soared as cold weather delayed the seasonal melting of snow into water needed to generate electricity.

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COAL – Bearish Asian market pressures API 2 prices

05/05/2017 (Montel) European paper coal prices continued to take direction from a bearish Asia-Pacific market, despite low hydropower levels offering support to physical prices, participants said on Thursday.

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MONTHLY – Asia-Pacific may spur European coal prices

02/05/2017 (Montel) European coal prices will continue to take the cue from the Asia-Pacific market over the coming month, although strong supply and waning demand in the Atlantic Basin will likely offset further price gains, participants said on Tuesday.

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German coal plants should run "full speed" in Q4 – analyst

27/04/2017 (Montel) Current market signals suggest that coal-fired power plants in Germany should run at "full speed" in the fourth quarter, said analyst Diana Bacila at Nena on Wednesday.

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Nordic power will not exceed EUR 30 before 2028 – Nena

25/04/2017 (Montel) Nordic power prices are unlikely to exceed EUR 30/MWh over the next decade as growing domestic power production would more than compensate for increased demand, Sigbjørn Seland, chief analyst at Nena, told Montel on Tuesday.

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COAL – Front-year API 2 rises to 2-week high

21/04/2017 (Montel) Front-year European paper coal prices rose to a two-week high on Thursday as cold weather looked set to lift demand from the power sector and amid a rise in Asian contracts.

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Nena: Elsertavtalen kan gi prisskvis rundt 2020

19/04/2017 (Montel) Den nye elsertavtalen mellom Sverige og Norge kan føre til at det blir en stram balanse i elsertifikatmarkedet rundt 2020, noe som igjen kan gi høye elsertpriser, sier Nena-analytiker Joachim Jernæs.

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Electricity Certificates Outlook 2017-2045 Available Now

06/04/2017 (Nena) Elcert prices have plunged to all-time lows. Is this temporary, or will prices stay low for a long time? Get an offer for the report.

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NORDIC – Front weeks “may jump EUR 5” on supply squeeze

06/04/2017 (Montel) Front week contracts rose amid colder weather forecasts on Thursday, with one analyst saying they could jump as much as EUR 5 as hydropower reservoirs were running low ahead of the pending spring thaw.

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Rising Danish-German exports bullish for Nordics – analysts

04/04/2017 (Montel) German TSO Tennet has significantly increased power imports from Denmark in recent weeks, sending a bullish signal to the Nordic power market, said analysts on Monday.

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COAL OUTLOOK – Australia disruptions to lift API

04/04/2017 (Montel) European coal prices are set to extend recent bullishness this week as persisting weather-related disruptions to Australian output offset muted demand in Europe, participants said on Monday.

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GERMAN – Front week jumps EUR 2 on lower wind, nuclear issue

30/03/2017 (Montel) The front-week contract jumped EUR 2 on Thursday as weather forecasts suggested lower wind in the near term and on a delayed restart to the Philippsburg reactor.

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Nordic Power Outlook 2017-2045 Available Now

28/03/2017 The Nordic Power Outlook 2017-2045, Spring 2017 edition is now available.

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GERMAN – Cal 18 extends gains as coal market firms

24/03/2017 (Montel) Germany’s benchmark power Cal 18 contract extended the previous day’s gains on Friday amid a buoyant coal market.

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NORDIC – Futures edge up amid drier outlook, buoyant coal

14/03/2017 (Montel) Nordic power futures edged up early on Tuesday, taking a cue from a slightly drier weather outlook coupled with stronger coal and German power prices.

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END OF DAY – Coal falls 2% after China drops output curbs

09/03/2017 (Montel) Front-year coal prices for delivery to north-western Europe collapsed on Wednesday to their lowest level in nearly six weeks after media reports Chinese officials could back away from a return to production curbs.

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COAL – Prices slide 5% on lower generation, healthy supply

02/03/2017 (Montel) Near-term paper and physical coal prices slid 5% over the past week as lower European coal-fired generation levels, abundant supply and low liquidity pressured the market, participants said on Thursday.

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NORDIC ELCERT – Prices slump to new low of EUR 5.48/MWh

10/02/2017 (Montel) Nordic Elcert prices for 2019 crashed to a new record low of SEK 52/MWh (EUR 5.48/MWh) on Friday, further eroding profits for producers in a market oversupplied with new renewables.

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Sweden Sees Red Over Google and Ikea’s Green Goals

09/02/2017 (Bloomberg) Renewables surge is crashing renewable-certificates market. Wind development means 2020 renewables target met before plan.

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NORDIC – Front week plunges 5% on wet, mild outlook

09/02/2017 (Montel) Nordic power futures dropped early on Wednesday amid slumping coal prices and some weather forecasts indicating wetter and milder conditions approaching the region than previously expected.

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MONTHLY – Restocking activity to underpin coal prices

01/02/2017 (Montel) European coal prices could continue to gather support over the coming month, as post-winter restocking activity kicks in, market participants said on Tuesday.

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Utenlandske penger gir nordisk strømboom

30/01/2017 (E24) Nordens produksjon av sol- og vindkraft vil mer enn dobles innen 2040, tror analyseselskapet Nena. Én årsak er utenlandsk kapital på jakt etter avkastning.

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COAL – Coal slides on milder weather, weak physical demand

27/01/2017 (Montel) European coal prices have fallen from the 11-week highs hit earlier this week as milder weather combined with waning physical spot demand in the Atlantic basin, players said on Thursday.

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Nena: Utbyggerne må dra i bremsen nå

20/01/2017 (Montel) Elsertprisene kan falle til 40-70 SEK/MWh hvis det blir bygget 2 TWh mer elsertifikatberettiget kraftproduksjon enn målet på 28,4 TWh, ifølge Nena-analytiker Joachim Jernæs.

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Nordic spot power to stay below EUR 30 until 2020 – Nena

20/01/2017 (Montel) Nordic power spot prices will likely average below EUR 30/MWh for the remainder of the decade, with a risk of lower prices keeping producers' earnings under pressure, the head of analysis firm Nena Storm Geo said on Thursday.

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COAL – API 2 jumps to two-month high on cold snap

13/01/2017 (Montel) European coal prices jumped to fresh two-month highs on Thursday as a cold snap that has hit central and eastern Europe looked set to spread across north-west parts of the continent, lifting demand.

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MARKED – Oppgang på kaldt og tørt vær, sterk spot

12/01/2017 (Montel) Prisene i det nordiske kraftmarkedet steg torsdag som følge av kalde og tørre værvarsler, fortsatt stigende brenselspriser og en sterkere enn ventet systempris.

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MONTHLY – Mild weather dampens Nordic spot spike concerns

03/01/2017 (Montel) Nordic spot price expectations for this month have dived by EUR 6-7 over the last few days due to a sudden change to milder weather forecasts.

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Coal Traders See End of Price Rally as China Ramps Up Output

30/12/2016 (Bloomberg) Coal’s recovery was one of the biggest surprises in commodities this year, but it’s all poised to end as output rises from China, producer of half the world’s supply.

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COAL – Mixed drivers shackle API 2

02/12/2016 (Montel) European coal prices have flat-lined as a weaker physical market and profit taking offset likely strong demand in both Europe and Asia, with mixed drivers continuing to confuse the outlook, players said on Thursday.

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MARKED – Laveste Q1-pris på seks uker

22/11/2016 (Montel) Kraftprisene falt markant over hele linjen mandag, drevet av våte tidagersvarsler og sterkt fallende kraftpriser på kontinentet.

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– Markedet priser inn norsk-svensk elsertforlengelse

21/11/2016 (Montel) Det felles målet om å bygge ut 28,4 TWh i elsertmarkedet er i full fart med å bli nådd, men prisene kollapser ikke fordi markedet priser inn at Norge og Sverige blir enige om 18 TWh-forlengelsen, sier analytikere.

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COAL – API 2 slumps to five-week low

18/11/2016 (Montel) European paper coal prices slumped to five-week lows on Thursday amid persisting signs of easing tightness in the Asia-Pacific region, although analysts were split as to whether the plunge would continue.

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Skal vokse videre på kunstig intelligens

18/11/2016 (E24) StormGeo lyktes med å omstille seg da oljeprisen gjorde offshoremarkedet mindre. Nå skal kunstig intelligens sørge for at selskapet fortsetter oppturen.

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COAL OUTLOOK – API 2 prices face further downside

14/11/2016 (Montel) European paper coal prices were set to come under further pressure this week amid increased supply in the Atlantic, weaker generation demand and falling Asian prices, market participants said on Monday.

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COAL OUTLOOK – Seasonal restocking to support prices

31/10/2016 (Montel) Tight global supply, coupled with ongoing pre-winter restocking activity, is likely to support prices this week, although there is some risk of a correction, market participants said on Monday.

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NORDIC – Soaring Q1 “may hit EUR 50 in two weeks”

27/10/2016 (Montel) Forwards continued to rise on Wednesday amid dry and cold forecasts, which compounded concerns over the hydrological deficit, with one analyst predicting the front quarter could surge to “EUR 50/MWh in the next two weeks”.

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AVAILABLE NOW: Nordic Power Outlook 2017 - 2040, Fall 2016

19/10/2016 (Nena) Nena's long term analysis on Nordic power with focus on renewable investments, export limitations from Nordic to Germany, increasing consumption, phase out of thermal capacity and updated view on coal and gas. Will be presented in Oslo November 2.

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Nena venter små prisutslag etter dagens elsertrapport

18/10/2016 (Montel) Nena-analytiker Joachim Jernæs tror ikke dagens forslag fra Energimyndigheten i Sverige vil gi store prisutslag i elsertmarkedet.

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COAL OUTLOOK – API 2 to rise on low river levels, China

18/10/2016 (Montel) European coal prices started the week in bullish mood on Monday, with further gains anticipated over the coming days, amid low river levels in Germany and rising demand in China.

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COAL – Tight Atlantic basin, Asia demand to lift API 2

14/10/2016 (Montel) European coal prices declined from recent near two-year high this week, although tightness in the Atlantic Basin and strong Asian demand should help to pare recent losses, participants said on Thursday.

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MONTHLY – Nordic spot to jump 13% on dry weather, coal

03/10/2016 (Montel) Nordic spot prices are set for a 13% month-on-month rise in October, buoyed by dry, cold weather, as well as surging coal and carbon prices.

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More German Coal Plants Face Early Retirement as Profit Dwindles

30/09/2016 (Bloomberg) German coal-fired power plant closures are poised to accelerate as dwindling margins prompt utilities to retire the stations early.

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MARKED – Falt tilbake på gevinstsikring

30/09/2016 (Montel) Etter en svært frisk prisoppgang torsdag morgen, falt de lange kraftkontraktene tilbake på ettermiddagen som følge av gevinstsikring.

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COAL – API 2 lifts on demand rise, surging coking market

16/09/2016 (Montel) A slight pick-up in European demand and surging coking prices helped lift thermal coal prices this week, though a loosening of Chinese production cuts could start to pressure contracts, said market participants on Thursday.

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Coal Rises From Grave to Become One of Hottest Commodities

09/09/2016 (Bloomberg) For all the predictions about the death of coal, it’s now one of the hottest commodities in the world. The resurrection may have further to run.

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Dry freight index rises to 11-month high

08/09/2016 (Montel) The Baltic Dry Index (BDI) – which tracks global dry freight rates – rose 22% over the past month to a near 11-month high, amid surging Chinese iron ore demand, analysts said on Thursday.

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Outage to cost Norway utilities up to EUR 78m – analyst

07/09/2016 (Montel) Power producers in Norway may lose as much as EUR 78m due to a reduction in transmission capacity out of the country between June and October, analysts said on Wednesday.

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NORDIC – Forwards slump on wet, warm outlook

05/09/2016 (Montel) Nordic forward power prices slid in early Monday trading as fresh weather forecasts showed wetter and milder conditions than previous outlooks.

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COAL – API 2 falls to two-month lows

26/08/2016 (Montel) Cooling temperatures in China and a receding risk of La Nina weather pattern this winter have sent front-year paper coal prices to around two-month lows this week, participants said on Thursday.

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Diverging fuels complex may stabilise French power in Q4

24/08/2016 (ICIS) The fossil fuels complex could pull near-curve prices at the French electricity market in opposing directions over coming weeks, as the outlook for coal remains bearish while there is potential for upside on gas according to one analyst.

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Billig strøm i årevis

22/08/2016 (rbnett.no) Husholdningene og industrien i Norge opplever de laveste kraftprisene på 15 år. – Vi venter lave, stabile kraftpriser minst til 2020, sier salgsdirektør Arve Dahl Nielsen i analyseselskapet Nena.

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COAL – Tight Asian market, weak gas to buffet API 2

19/08/2016 (Montel) A tightening Asian market continued to support European coal contracts this week, though analysts said on Thursday a gas price slump could wipe out a sizeable chunk of power sector demand, potentially stemming recent API 2 bullishness.

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StormGeo acquires Nena

09/08/2016 Bergen, Norway – StormGeo, a global provider of decision support for weather sensitive operations for the Shipping, Offshore, Renewable Energy, Corporate Enterprise, Media and Aviation industries, has acquired all outstanding shares in Nena AS.

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MONTHLY – Cal 17 coal may rise 7% on bullish Asian demand

02/08/2016 (Montel) Front-year European coal prices may rise by as much as USD 4.50 in August, as bullish Asian demand signals permeate into the European market, although an overall abundance of supply could limit gains.

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MONTHLY – Nordic spot may jump EUR 1 on coal, higher demand

01/08/2016 (Montel) Higher consumption after the summer holiday season and bullish coal prices are set to lift average Nordic spot prices EUR 0.50-1 month on month in August, market participants told Montel.

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COAL – Q4 prices surge to 17-month highs

28/07/2016 (Montel) European coal prices have risen to 17-month highs, fuelled by some healthier short-term European demand, yet the increase is limited by an overall abundance of supply, market participants said on Thursday.

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La Nina emergence less likely, but threat to coal remains

19/07/2016 (Montel) The likelihood has lessened of a La Nina weather pattern hitting output from the world’s largest thermal coal exporter Indonesia this year although the threat remains, the Australian Government Bureau of Meteorology said on Tuesday.

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COAL – Asia demand, weaker dollar lifts API 2

15/07/2016 (Montel) Demand from Asia and a weaker US dollar are likely to further lift European coal prices above recent multi-month highs, market participants said on Thursday.

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MONTHLY – Weak demand to weigh on coal prices

01/07/2016 (Montel) European coal prices are likely to remain flat or weaken marginally over the coming month amid seasonally weak demand and bearish signals from the Asia-Pacific region, although technical indicators are still bullish.

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NORDIC – Forwards extend losses as fuels weaken

21/06/2016 (Montel) Nordic power forward prices extended earlier losses on Tuesday afternoon as wet weather forecasts were met with weakening fuel prices.

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Nuclear issues driving German cross-border cuts – market participants

21/06/2016 (ICIS) Nuclear power outages could be the reason why Germany’s day-ahead export capacity to France has often being restricted even at times when wind power is low, traders and analysts have said.

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– Forlenget elsertmarked vil ramme eksisterende investorer

14/06/2016 (Montel) Hvis Sverige forlenger elsertifikatmarkedet og øker målet med 18 TWh til 2030, vil det ramme investorer som allerede har investert i elsertifikatmarkedet, ifølge analytiker Joachim Jernæs i Nena.

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– Nordlink kan senke vannverdiene til etter 2025

08/06/2016 (Montel) Tyske myndigheter bekrefter at viktige linjeprosjekter internt i landet vil bli forsinket til minst 2025, noe som vil føre til forlenging av eksportbegrensningene fra Norden og hyppig import av lave tyske priser.

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Coal Rides Commodities Rally in Push to 10-Month High in Europe

06/06/2016 (Bloomberg) European coal prices surged to the highest in 10 months, buoyed by rising fuel prices and supply disruptions.

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EU Power-Price Boost on Hold as Traders Doubt Carbon Tax

03/06/2016 (Bloomberg) A jolt in power prices because of the introduction next year of a carbon floor price in France has so far failed to materialize as traders suspect the measure may be delayed or won’t happen at all.

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MONTHLY – USD 50/t coal may see upside from Indian monsoon

03/06/2016 (Montel) European paper coal prices will likely continue to remain around USD 50/t in June, although the impending monsoon season in India will almost certainly be bullish for prices, a market participant said.

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COAL – Open US export arbitrage threatens to cap API 2 gains

27/05/2016 (Montel) European coal prices rose to eight-month highs on Thursday largely on the back of a bullish oil market, although an opening of the US export arbitrage to Europe threatens to curtail further gains, said players.

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Nena: Nordiske kraftpriser vil holde seg lave i over ti år

24/05/2016 (Montel) Videre fornybarutbygging, fortsatt importbegrensning til Tyskland, lav forbruksvekst og vanskeligheter med å stenge ned kjernekraft vil føre til at kraftprisene i Norden holder seg lave i minst ti år til. Risikoen for priskollaps øker også, ifølge Nena.

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German power far curve might shed value in summer

24/05/2016 (ICIS) A rise in German far curve electricity prices is fundamentally unjustified and annual contracts will probably shed value in the next few months, even though they are unlikely to reach the record lows seen mid-February, several market participants and observers have told ICIS.

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COAL OUTLOOK – Well-supplied market faces losses

23/05/2016 (Montel) European coal prices may come under some pressure this week, as softening oil prices and a dearth of fundamental support from the supply or demand sides weighs on the market, analysts said on Monday

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NORDIC – Spot jumps 12% on tight balance

09/05/2016 (Montel) The Nordic power system price for Tuesday surprisingly jumped EUR 2.61 to EUR 23.82/MWh amid tight nuclear and wind power supply, prompting an upward adjustment on the forward curve in afternoon trade.

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MONTHLY – Front-year coal may jump over USD 3

03/05/2016 (Montel) European paper coal prices may rise by as much as 6% – or about USD 3 – from current levels in May, as bullish technical signals and strong oil prices underpin the market, participants said.

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Nena: Hydrologien har forverret seg med 18 TW siden jul

21/04/2016 (Montel) Den hydrologiske balansen i Norden har forverret seg med 18 TWh siden jul, ifølge analyseselskapet Nena, som har løftet sin prisprognose for tredje kvartal med 30 prosent i samme periode.

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European Coal Enters Bull Market After Longest Rally Since 2008

19/04/2016 (Bloomberg) The contract for delivery to northwest Europe next year gained for an eighth day on Tuesday, the longest such streak since June 2008, according to broker data compiled by Bloomberg. The fuel has climbed 25 percent since Feb. 17, when it reached the lowest since Bloomberg started compiling the data in September 2007.

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COAL OUTLOOK – Reduction in offers to underpin prices

18/04/2016 (Montel) European coal prices are likely to remain supported this week, with appreciating producer currencies deterring offers and a still open trans-Pacific arbitrage resulting in a slight decline in Atlantic supply, participants said on Monday.

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Electricity Certificates Outlook 2016-2035 available now

14/04/2016 Nena presents merit order overview of investments from 2016 to 2020. Complete overview of all large projects under construction as well as expected onshore wind, large hydro, bio and wind power projects to take investment decision.

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Nordic Power Outlook 2016-2040 available now

14/04/2016 The long term report offers scenario analysis with updated “Base case scenario”, “Nena scenario” (low gas to Europe), and an alternative scenario for “High fuel and CO2 prices”.

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Dry freight surges 47% over month amid vessel tightness

13/04/2016 (Montel) The Baltic Dry Index (BDI) rose 47% over the past four weeks to 529 points, the highest in four-months, as strong South American grain exports curbed vessel availability, according to industry sources on Monday.

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German coal-fired power plants face threat of cash-strapped summers

11/04/2016 (ICIS) Germany’s renewable energy expansion will threaten the profitability of coal-fired power plants during the summer season within a few years time, figures show.

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Japan's $72 Billion Power Market Reform Starts With 6 People

07/04/2016 (Bloomberg) At the heart of Japan’s 8.1 trillion yen ($72 billion) retail electricity market liberalization is a six-person office in a residential neighborhood south of Tokyo’s business center.

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COAL – Dollar weakness, weak demand to shackle API 2 prices

01/04/2016 (Montel) European coal prices are likely to trade relatively sideways over the short-term with downside constrained by weakness in the dollar and upside limited by waning European demand, participants said on Thursday.

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EU Coal Loses Its Premium to South Africa as Demand Wanes

29/03/2016 (Bloomberg) The switch comes as European consumption is set to shrink further amid policies to reduce carbon emissions while Asian demand shields South African prices, said Diana Bacila, an analyst in Oslo at Nena AS. “The situation is a confirmation of the new normal, in which Asia is becoming the demand hub instead of Europe,” she said.

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COAL – API 2 rises to 2016 highs

18/03/2016 (Montel) European coal prices hit fresh year-to-date highs on Thursday as bullish oil prices and a strong rouble combined with a buoyant South Africa export market, despite the API 2 market being otherwise well-supplied.

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GERMAN – Front week climbs 4% on low wind, cooler outlook

17/03/2016 (Montel) German front-week power prices advanced 4% on Tuesday morning as forecasts showed low wind power production and temperatures dropping to nearly 5C below normal.

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German power prompt volume deviates from upward trend

04/03/2016 (ICIS) Traded volume on shorter-term products at Germany’s wholesale electricity market was down in February for the second month in a row, according to trade data collected by ICIS.

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NORDIC – Forwards rise on dry weather outlook

04/03/2016 (Montel) Nordic power prices edged up on Friday amid expectations of declining hydropower storage from drier-than-normal weather over the next few weeks.

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COAL – Prices recover as Colombian strike remains a threat

26/02/2016 (Montel) European coal prices recovered slightly this week amid concerns about a possible strike at Colombian miner Cerrejon and relatively stable producer currencies and oil prices.

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NORDIC ELCERT – March 17 hits 11-month low on 1 GW wind deal

23/02/2016 (Montel) The Nordic Elcert March 2017 contract fell to an 11-month low on Tuesday morning after Norway’s Statkraft announced plans to build Europe’s biggest onshore wind project at 1,000 MW

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Nena: Fosen (1.000 MW) er neppe kostnadsoptimalt

23/02/2016 (Montel) Det kraftige fallet i elsertmarkedet tirsdag morgen tyder på at vindkraftutbyggingen på Fosen ikke er en del av den mest kostnadsoptimale løsningen for å nå det svensk-norske elsertmålet på 28,4 TWh, ifølge Nena.

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COAL OUTLOOK – Colombia, utilities set to support API 2

23/02/2016 (Montel) European coal prices could rise this week due to the threat of a miners’ strike in Colombia and some lingering demand from the power sector, players said on Monday.

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COAL – European prices consolidate amid stronger oil

19/02/2016 (Montel) European coal prices began to show signs of consolidation this week, with firmer crude oil prices credited with the rally as there is little sign yet of an uptick in regional demand.

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GERMAN – Weekend drops as forecasts show high wind output

18/02/2016 (Montel) German weekend power prices fell for the fourth consecutive session on Thursday morning as forecasts showed wind generation reaching near a record high.

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Wind may overtake German lignite this winter – analysts

18/02/2016 (Montel) Wind power may overtake lignite generation to become Germany’s single-biggest source of electricity this winter, potentially forcing utilities to adapt their traditional maintenance timetables, market participants told Montel.

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COAL – Prices drop to fresh lows on weak demand

12/02/2016 (Montel) European coal prices slumped to fresh record lows this week amid a lack of buying interest and few signs of fundamental support.

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NORDIC – Front rises as forecasts show brief cold snap

11/02/2016 (Montel) Prices on the front end of the Nordic power curve rose early on Thursday as forecasts showed colder and drier weather conditions over the next 10 days.

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Carbon sinks further as energy weakness continues

11/02/2016 (Montel) European carbon fell for a seventh successive day on Thursday as energy prices came under renewed pressure.

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COAL OUTLOOK – Power sector demand to support prices

09/02/2016 (Montel) European coal prices could find support this week from increased demand from the power sector, potentially pushing API 2 contracts further above recent record lows, analysts and traders said on Monday.

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COAL – Oil, weaker dollar support European prices

05/02/2016 (Montel) European coal prices continued to firm this week amid stronger oil and a weaker dollar after reaching a record low in January, even though demand in the region remains lacklustre, sources said on Thursday.

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NORDIC – Front week soars nearly 20% on colder weather

28/01/2016 (Montel) The front-week contract has soared almost 20%, over EUR 3, on Thursday amid weather forecasts confirming a return to colder conditions, while a strengthening fuels complex is supporting the long end of the curve.

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COAL OUTLOOK – API 2 to remain tied to oil

26/01/2016 (Montel) European coal prices are likely to remain closely tied to other energy commodities this week, with bearish oil, specifically, potentially pulling API 2 contracts to fresh lows, analysts and traders said on Monday.

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Dry freight index slumps to new all-time lows

18/01/2016 (Montel) The Baltic Dry Index (BDI) – which tracks global dry freight rates – has broken below 400 points, extending all-time lows, as vessel oversupply and weak seaborne commodity demand weighs heavily on the market, participants said on Friday.

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COAL – No end in sight for API 2 woes

15/01/2016 (Montel) European coal prices are set to hit fresh market lows over the coming days and weeks as declining oil prices and weak producer currencies allow companies to keep supplying to an already oversupplied market.

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Low prices may force Vattenfall reactor closures – analysts

14/01/2016 (Montel) Swedish utility Vattenfall’s warnings that poor profitability may force it to close more nuclear reactors should be taken seriously, analysts told Montel on Wednesday.

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- Elsertmålet vil nås med en pris på 180 SEK/MWh

13/01/2016 (Montel) Prisen på elsertifikater trenger ikke å øke med mer enn 18 svenske kroner fra dagens nivå i spotmarkedet for at det svensknorske målet på 28,4 TWh innen 2020 skal nås, ifølge Nena.

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Colombia coal output to stall in 2016 – mining association

11/01/2016 (Montel) A slump in global coal prices will see Colombian coal production stall in 2016, at below 90m tonnes, as companies cut investment in new capacity, the Colombian Mining Association said late on Thursday.

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Straumkundane kan juble, medan kraftbransjen ventar magre år

07/01/2016 (NrK) Straumprisane vil truleg vere låge i minst ti år til, trur straumanalytikar.

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COAL – Weak demand weighs further on prices

17/12/2015 (Montel) The European coal market remained under pressure over the past week, with abundant supply and unseasonably sluggish demand likely to weigh further on prices over the coming weeks, participants said on Thursday.

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NORDIC – Q1 edges lower on milder, wetter forecasts

16/12/2015 (Montel) First-quarter prices edged lower amid milder and wetter weather forecasts on Wednesday morning, indicating spot prices will be “very low” at the start of the year.

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COAL – Traders eye fresh API 2 lows

04/12/2015 (Montel) European coal prices will likely fall to fresh lows around USD 45/t in the short term as Colombian exports pick up after last week’s court decision to lift the Fenoco train ban, players told Montel on Thursday.

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GERMAN – Front week rises 4% as wind outlook revised down

03/12/2015 (Montel) German power prices for next week rose 4% on Thursday morning amid a downward revision in wind power forecasts and buoyant power prices in France.

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MONTHLY – Mild, wet December to depress Nordic spot

01/12/2015 (Montel) Nordic spot power prices are set to average around 15-year lows in December amid wet, mild and windy weather, although contracts will likely stay above current forward prices, which have been oversold, said market participants.

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Marked – Tynget av varsler om våt desember

27/11/2015 (Montel) Nye langtidsvarsler som viser mildt og vått vær i nesten hele desember bærer bud om lave spotpriser, noe som tynget kraftmarkedet fredag.

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German bottlenecks to cap Nordic power prices – Nena

18/11/2015 (Montel) Internal German grid bottlenecks will limit the potential for higher Nordic power prices in the next eight years, Oslo-based analyst Nena said on Wednesday, expecting an average cost of EUR 23-27/MWh in the period.

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COAL – Cal 16 API 2 falls to record low

13/11/2015 (Montel) European coal prices for delivery next year fell to record lows on Thursday as the global seaborne market remained awash with bearish drivers, said players.

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- Alle de store kullselskapene sliter

12/11/2015 (SYSLA) Analytiker Hans Gunnar Nåsvik forventer en realprisnedgang for kull i årene som kommer.

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Analytiker: Markbygden kan bli en joker för elcertmarknaden

05/11/2015 (Montel) Den jättelika vindkraftsparken Markbygden (4.000 MW) kan med sin storlek bli en joker i det norsk-svenska elcertifikatsystemet, men osäkerheten kring projektet är stor, säger två analytiker till Montel.

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Nordic Power Outlook 2016-2040 available now

27/10/2015 (Nena) Nena presents an updated scenario analysis for long term Nordic power and bordering markets Germany, France, UK, The Netherlands, Poland, Russia, Estonia, Lithuania and Latvia.

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Electricity Certificates Outlook 2016-2035 available now

27/10/2015 (Nena) Nena presents detailed overview of all investments up to 28.4 TWh from 2012 to 2021. Expectations to actual hydro, bio, and onshore wind power projects to take investment decision, overview of more than 200 large wind power projects.

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COAL – Prices hit fresh lows on thin physical demand

22/10/2015 (Montel) Physical European coal prices eased to new lows this week as logistics problems in mainland Europe deterred utilities from purchasing spot supplies ahead of winter, although prices are approaching a floor, participants said on Thursday.

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COAL – API 2 likely to remain below USD 50/t

19/10/2015 (Montel) European front-year coal prices are likely to remain below USD 50/t over the short term after the end of recent supply problems in South Africa, market participants said on Thursday.

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GERMAN – Front week jumps 4% on low wind, cold outlook

09/10/2015 (Montel) German power week-ahead prices rose more than 4% on Friday, buoyed by forecasts showing cold temperatures and low wind production.

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MONTHLY – High stocks to limit coal demand

01/10/2015 (Montel) European coal prices are likely to fall as much as USD 4-5 to new record lows in October, as high stocks, abundant supply and weak demand continue to weigh on sentiment, market participants said.

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NORDIC – Forwards hit fresh record lows on wet forecasts

28/09/2015 (Montel) Both the Q4 and 2016 contracts have hit fresh record lows on Monday amid wet forecasts, a low spot price and sliding coal and carbon markets.

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Fulle vannmagasiner – laveste strømpriser på 15 år

23/09/2015 (VG) Kraftmagasinene er breddfulle, regnet har bøttet ned og lave strømpriser gjør at vi kan se vinteren lyst i møte.

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Miljarder i solcellstöd kan ge kollaps för elcertifikat

21/09/2015 (Montel) I början av året varnade marknadsaktörer för att en kraftig ökning av solenergiutbyggnaden i Sverige kan leda till en kollaps för priserna i elcertifikatmarknaden efter år 2020.

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NORDIC – Prices slide on wet forecast, profit-taking

11/09/2015 (Montel) Nordic power prices fell early on Friday amid a combination of wet weather forecasts and profit-taking before the weekend, market participants said.

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Wind Farm Investment Plunges With Power Prices in Nordic Region

07/09/2015 (Bloomberg) Investors are pulling back from wind farms in Nordic nations as the lowest electricity prices in 12 years cut the profitability of new projects.

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GERMAN – Cal 16 hits one-week high amid firm coal prices

28/08/2015 (Montel) The German benchmark Cal 16 power contract rose to a one-week high on Friday morning, as rising coal prices boosted the marginal costs for power production.

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Coal Seen Dropping Below $50 in Rout as Output Fails to Slow

27/08/2015 (Bloomberg) Coal may drop below $50 a metric ton this year as a supply glut combines with a slide in emerging market currencies that supports exports.

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COAL – China stimulus gives prices brief relief from lows

27/08/2015 (Montel) European coal prices touched new lows over the past week, although they found some tenuous support as key consumer China took steps to alleviate global concerns about its slowing economy, participants said on Thursday.

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GERMAN – Near-term contracts fall on higher wind

26/08/2015 (Montel) Prices for the day ahead, the weekend and next week are falling on Wednesday morning due to an upward revision in forecasts for wind power production, players told Montel.

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Laveste strømpris siden år 2000

18/08/2015 (Sunnmørsposten) Jevn snøsmelting gir svært lave strømpriser.

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US clean power plan could add to global coal oversupply

07/08/2015 (Montel) The clean power plan unveiled by US president Barack Obama this week could potentially lead to greater thermal coal exports into Europe, deepening the global oversupply, market players said this week.

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COAL – High stocks, sluggish demand weighs on API 2

07/08/2015 (Montel) European coal prices remained just off four-month lows on Thursday as traders continued to eye healthy terminal stocks and sluggish demand.

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MONTHLY – Coal market may reach floor in August

05/08/2015 (Montel) European coal prices are likely to remain under pressure in August amid a lack of supportive supply-demand factors, although further losses could be negligible, market participants told Montel.

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COAL – Prices continue to drift lower as floor approaches

17/07/2015 (Montel) European coal prices have drifted lower this week as short-term fundamentals encourage selling, despite emerging signs that the oversupply in seaborne material is being eroded, participants said on Thursday.

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GERMAN – Prompt rises on lower renewables forecasts

09/07/2015 (Montel) Day-ahead and weekend prices are rising on Thursday morning as forecasts showed wind power production is set to fall and due to outages at conventional power plants, players told Montel.

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GERMAN – Front week sheds 3% on windy, cool outlook

03/07/2015 (Montel) German power prices for next week fell 3% on Friday morning as forecasts showed higher wind power production than previously expected and lower temperatures.

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Global coal exports slip in April, but continued growth in seaborne markets seen

01/07/2015 (SNL) The world's seven major coal-exporting countries shipped out 92.3 million tonnes of coal in April, a 13% decline from March levels, with the seaborne markets growing at a slower place despite new demand and supply centers opening in the near future.

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COAL OUTLOOK – Tight Asian supply offers price support

22/06/2015 (Montel) European coal prices may rise further this week amid a slight tightness in Asian spot supply, although high stock levels are likely to cap gains, participants said on Monday.

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Kan få vindkraftbud

12/06/2015 (Dagens Næringsliv) En stor internasjonal finansiell aktør skal ta sikte på å overta Statkrafts vindkraft­prosjekter i Trøndelag.

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GERMAN – Spot rises 7% on lower renewables

12/06/2015 (Montel) Prices for Saturday and Sunday rose by 7% and 2%, respectively, on Friday morning due to a downward revision in renewables forecasts for the weekend and outages at conventional power plants.

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COAL – Rising energy complex, euro, Asian demand lift API 2

12/06/2015 (Montel) Prompt European paper coal prices have risen this week alongside gas and oil contracts, with a rising euro, increased consumption and signs of a pick-up in Asian demand adding support, traders said on Thursday.

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Elsertprisen stiger kraftig

04/06/2015 (Montel) Prisen på elsertifikater for neste år er opp mer enn 5 prosent torsdag morgen, etter at Statkraft kunngjorde at de ikke går videre med planene om vindkraftutbygging i Midt-Norge.

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Nordic Green Power Boom Seen Exceeding Target on Wind Boost

03/06/2015 (Bloomberg) Sweden and Norway will probably exceed a joint target for renewable energy production by the end of the decade, industry consultant Nena AS said.

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MONTHLY – Front-year coal may bounce back above USD 60

01/06/2015 (Montel) The oversupplied European coal market is likely to remain weak this month, amid waning demand, although prices could approach a floor, with the Cal 16 contract possibly bouncing back into the USD 60s, an analyst said.

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NORDIC – June, July dive to fresh lows on weak spot

28/05/2015 (Montel) Contracts for June and July fell 8% and 5%, respectively, to new record lows in afternoon trading on Thursday after the spot settled more than EUR 1.50 lower than expected.

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German power to rise EUR 1.50 on flow-based coupling

19/05/2015 (Montel) German day-ahead prices could increase by up to EUR 1.50/MWh as the country will export more power once flow-based market coupling starts on Wednesday, analysts told Montel on Monday.

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GERMAN – Forwards hit 2015 lows on ample supply

05/05/2015 (Montel) German power prices for July and the front quarter slipped to new 2015 lows on Tuesday amid flagging spot prices and signs of healthy supply availability, traders said.

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MONTHLY – Coal price outlook remains “bearish”

04/05/2015 (Montel) European front-year coal prices are likely to hold within a USD 55-60/t range this month, although overall market sentiment will remain weak because of an oversupply and limited demand, analysts and traders said.

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GERMAN – Day-ahead peak soars 60% on low solar, wind

30/04/2015 (Montel) Friday prices rose for the third consecutive trading day on Thursday morning, soaring almost 60%, or nearly EUR 9, as forecasts confirmed power production from solar and wind plants in the country will be very low.

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Electricity Certificates Outlook 2015-2035 available now

29/04/2015 (Nena) Nena presents detailed overview of all investments up to 28.4 TWh from 2012 to 2021. Expectations to actual hydro, bio, and onshore wind power projects to take investment decision, overview of more than 200 large wind power projects.

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GERMAN – Weekend jumps 8% on strike, low renewables

23/04/2015 (Montel) German power weekend prices jumped 8% on Thursday morning amid expectations of low lignite availability due to a planned strike at RWE and a drop in renewables generation.

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NORDIC – Forwards sink to fresh record lows

22/04/2015 (Montel) Contracts for May, the third quarter and front year fell to new record lows on Wednesday afternoon amid the system price settling almost EUR 1 lower than expected and due to forecasts of wet weather.

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EU coal will fall towards USD 50/t this summer – Nena

22/04/2015 (Montel) Coal spot prices in Europe are likely to soften towards USD 50/t this summer, due to ample supply and low production costs in key exporting countries, Oslo-based analyst Nena said on Wednesday.

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COAL – Weak dollar, stronger oil lifts market

17/04/2015 (Montel) European front year coal prices are finding support from a weaker dollar and stronger oil prices, though they could resume their bearish trend as the market remains mired in oversupply, said traders on Thursday.

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GERMAN – Prompt rises on lower renewables forecasts

16/04/2015 (Montel) German power prices for Friday and the weekend rose on Thursday morning amid a downward revision in the outlook for wind and solar generation, players told Montel.

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NORDIC – Prices rise on fear of April supply squeeze

27/03/2015 (Montel) Nordic power prices are rising on Friday as weather forecasts indicate lower temperatures, which could limit snowmelt and trigger a supply squeeze with increasing peak prices.

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GERMAN – Day-ahead power jumps 6% on lower wind output

26/03/2015 (Montel) Germany’s day-ahead power price climbed 6% on Thursday after forecasters revised down their wind output expectations.

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Nena’s Nordic Power Outlook 2015-2040 available now

19/03/2015 (Nena) Nena presents an updated scenario analysis for long term Nordic power and bordering markets Germany, France, UK, The Netherlands, Poland, Russia, Estonia, Lithuania and Latvia.

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Nena bekymret for overinvesteringer tross økt elsertmål

13/03/2015 (Montel) Et økt svensk mål i elsertmarkedet på 2 TWh vil ikke bety mye for elsertifikatprisen ifølge Joachim Jernæs i Nena. Han er fremdeles bekymret for overinvesteringer.

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GAS – UK prices fall on mild weather, long system

05/03/2015 (Montel) UK gas prices are falling on Thursday morning on mild weather forecasts, a long system and on news the Ukraine-Russia crisis is easing.

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Supply glut maintains pressure on coal

02/03/2015 (Montel) Despite expectations of further production cuts this year, market participants expect prices in March to remain under pressure, as oversupply and high inventory levels persist.

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Nena: Økt sannsynlighet for priskollaps i elsertmarkedet

18/02/2015 (Montel) Det er altfor mange prosjekter planlagt i elsertmarkedet, noe som øker sannsynligheten for at man skyter over 26,4 TWh-målet og får en priskollaps, mener analytiker Joachim Jernæs i Nena.

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Germany Buys Most Russian Coal Since 2006 to Diversify

13/02/2015 (Bloomberg) Germany imported the most coal from Russia in at least nine years, just as the European Union is trying to reduce its reliance on energy supplies from the former Soviet state.

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Nordlink delay to widen Nordic surplus, hit prices

10/02/2015 (Montel) A two-year delay in the 1,400 MW Nordlink cable from Norway to Germany will feed a growing power surplus in the Nordic region and put further pressure on wholesale prices, analysts and market sources told Montel on Tuesday.

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Nena launches new website

06/02/2015 Nena is pleased to announce the launch of its new website today

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Global dry freight index falls to lowest since 1986

03/02/2015 (Montel) The Baltic Dry Index (BDI) – which tracks global dry freight rates – has dropped to its lowest level in nearly 29 years, as a surplus of vessels continues to weigh heavily on the market, participants said on Tuesday.