Electricity market trends in Europe and Ukraine

1. EU & Ukraine
UARE ENERGY
13 September 2021
Weekly Energy Market Update
page 01
Ukrainian Association of Renewable Energy
Address: 01601, Kyiv,
3, Mechnikova Str., office 810.
Phone / Fax: +38 (044) 379 12 95
web site: https://uare.com.ua/
e-mail: info@uare.com.ua
Source: NordPool
Energy week review
Electricity DAM’s prices as of 14 Sep of 2021, EUR MWh
International energy market
NordPool system electricity price,
EUR MWh
OTE Market (Czech Rep.),
EUR MWh
Source: OTE
OREE Market (Ukraine),
UAH MWh
Source: OREE
System price on electricity DAM market of Nord Pool during 6-11 Sep 2021 stood at
average of about 88 EUR MWh - x4,76 to price during 6-11 Sep 2020. OTE Market’s
DAM electricity price stood during 6-10 Sep 2021 at average 129,3 EUR MWh - x3,1
to 42,02 EUR MWh during 6-10 Sep 2020. In Europe situation about Germany’s
regulator decision on 55 bln c.m. per year (Nord Stream 2 pipeline) along
with growing economic activity in the EU, as well as other OECD countries, supports
high prices for energy commodities and electricity. Ukraine’s OREE Market shown
DAM average price 2007 UAH MWh during 6-13 Sep 2021 - x1,4 to the same period
in 2020 at level 1438,3 UAH MWh. In Ukraine, volume of coal available at
warehouses of TPPs is x2 below planned volume of required fulfillment. In line with
natural gas hikes, shortage of coal at TPPs’warehouses provides additional stimulus
for higher prices on Ukraine’s electricity.
Ukraine has collected 18 bcm in underground storage facilities and plans to increase
the volume of available natural gas up to 20 bcm.
EDF Renewables North America has coupled its 300 MW PV in California with a 600
MW battery energy storage.
Chile’s auction for 2,3 GWh per year of RES capacity with supply in 15 years since
2026 ended with average prices of US$ 23,78 MWh, 27% lower than auction in 2017.
If Germany will achieve its plan on RES development in 2046, the Nord Stream 2 will
become redundant.
UK to offer £265m in subsidies for renewable energy developers.
China plans to double its pumped-storage hydropower capacity by 2025.
Spain will award 3.3 GW of renewables capacity on 19 October 2021.
Denmark’s Ørsted enters the Vietnamese offshore wind market.
RWE, NTE and Havfram form JV to bid in Norway’s next offshore wind round.
GIG (Macquarie) buys a 400 MW offshore wind project in Ireland.
SSE’s 443 MW Viking Wind project (UK) enters construction.
Canadian Solar sells stake in 350 MW / 1400 MWh storage project in the US.
Iran targets 3.5 mb/d of refining capacity by 2026 (+60%).
South Korean companies could buy the Mintia-Deva thermal power plant (Romania).
Fortum submits EIA report for the Loviisa nuclear power plant (Finland).
Denmark’s crude oil production expected to rise by 42% over 2021-2025.
Shell plans a 1.4 GW floating offshore wind project in South Korea.
Turkmenistan commissions a 432 MW gas-fired power plant.
Estonia and Latvia study grid connections for a 1 GW offshore wind project.
India’s Tangedco plans a 4 GW solar project in Tamil Nadu.
The state of Victoria (Australia) launches a 600 MW renewables tender.
Source: Enerdata & Google’s Alerts
40
50
60
70
80
90
100
110
6 7 8 9 10 11
Sep., 2021
40
60
80
100
120
140
160
180
200
6 7 8 9 10
Sep., 2021
40
540
1 040
1 540
2 040
2 540
3 040
3 540
4 040
4 540
6 7 8 9 10 11 12 13
Sep., 2021
146,73
149,61
135,41
150,06
143,24
143,24
153,43
145,52
135,83
147,55
146,58
152,58
145,23
120,35
153,43
146,58
149,00
147,56
143,24
Source: HENEX, GME, IBEX, OPCOM, HUPX, EPEX, SPOT, SEEPEX, CROPEX, BSP SOUTHPOOL, OMIE