Montel

Nothing’s working” says trader as IT crash hits energy market  A massive IT outage on Friday disrupted the European energy market, with traders unable to access computers or contact brokers. The issue, linked to CrowdStrike anti-virus software affecting Microsoft Windows devices, gradually improved throughout the day. Impact Overview: Many traders reported login and data access issues. The London Stock Exchange Group faced temporary data and messenger system disruptions. Broker access was limited, with only Tradition operating initially. EEX and Ice exchanges were functional, but some clients had login problems. Griffin Markets and others resumed trading later in the day. Regional Effects: Spanish and French markets experienced significant disruptions. German and Dutch markets reported fewer issues. Southeastern Europe, including Hungary and Serbia, saw minimal impact. Kosovo's consumer complaint system was affected. Operational Continuity: TSOs like France's RTE and the UK's National Grid reported no disruptions. Traders used backup methods and prior data for operations. Reporting by:  Elise Wu, Sophie Tetrel, Laurence Walker, Julia Demirdag, Maria Haensch, Belén Belmonte Azabal, Maja Zuvela, Gabriel Power, Enza Tedesco For the full story, click the link in the comments section. #crowdstrike #ITcrash #ITissues #energysctor #energmarkets

European fossil-fired generation slides to record Q2 low. Fossil fuel generation was down by nearly a quarter compared with the same period last year, with both gas and coal experiencing similar falls of 27% and 28% respectively, and lignite declining by 12%. Solar output totalled 86.2 TWh across the quarter, a 15% increase on the year, while wind generation climbed 9% to 107.6 TWh. In total, renewables – comprising biomass, hydropower, wind, solar and waste – accounted for a record 55.7% of overall European power generation in Q2. Reporting by Laurence Walker. To Download the full EU report, click the link here: https://lnkd.in/eY2y24ra #energysector #energyprices #marketinsights #fossilfuel

We are few days away from our FREE webinar: Decarbonising the UK: Challenges and Options for the Incoming Government. Register for FREE: https://lnkd.in/gk7Pvv4f In the wake of the recent election on 4 July, the new UK government faces critical decisions in its quest to decarbonise the country’s energy system. This webinar will delve into the strategies the UK can adopt to meet its green targets, attract investment, and lead the charge towards net zero, setting an example for other European nations. Moderator: Snjólfur Richard Sverrisson, Editor-in-Chief, Montel News Speakers: Phil Hewitt, Director, Montel Analytics Johnny Gowdy, Director, UK think tank Regen Dhara Vyas, Deputy Chief Executive, Energy UK #energymarkets #marketinsights #decarbonise #netzero #energyprices

German gas storage facilities reached 85% of capacity on Saturday, 11 weeks earlier than the 1 October deadline. To help secure supply for the winter following Russian gas curtailments in 2022, the German government introduced intermediary storage targets, with facilities needing to reach 95% of capacity as of 1 November and should be at least 40% full by 1 February. Europe wide, gas facilities stood at 80.8% full on Saturday, according to Gas Infrastructure Europe, with the total capacity amounting to 1,130 TWh. In contrast to Germany, the EU requires sites to be filled to 90% by 1 November. Reporting by Kristin Schneider, Montel News. Click the link in the comments section to read the full news article. #energymarkets #gassupply #gasprices #energyprices #energysector

Reflecting on an incredible Finnish Energy Day! We were thrilled to host a packed venue filled with industry experts who shared vital updates on the Finnish energy market. Thank you to our great panel of speakers for their invaluable insights and thanks to everyone featured in this video: Kai Mykkänen, Minister of Climate and the Environment Asta Sihvonen-Punkka, CEO, Fingrid Oyj Maiju Westergren, Senior Vice President, Sustainability and Public Affairs, Helen Jenny-Li Holmström, Investment manager & Senior Legal Counsel, Taaleri Energia Riku Merikoski, Senior Power Analyst, Axpo Group Alexander Rudberg, Country Manager Finland, Alight Priyanka Shinde, Montel Analytics Wayne Bryan, Director European Gas Research, LSEG (London Stock Exchange Group) Jouni Liimatta, Head of Trading & Optimizing, Gasum Olav Johan Botnen, Senior analyst, Volt Power Analytics Maria Kataikko, Development Manager, Metsä Group Matti Ahtosalo, Head of North West Europe, Alpiq Suvi Paaso, Managing Director, Power-Deriva Norbert Anhalt, Head of Sales Germany, European Energy Exchange AG Juha-Pekka Paunu, Category Manager, Energy, Hansel Oy Else Remen, Solution Sales Manager, StormGeo Raija Seppälä, Senior Originator, Vattenfall Maria Kitano, Senior Key Account Manager, EPEX SPOT Henrik Fiskådal, Junior Orginator, Alpiq Huy Bao Jean-B. Hoang, Head of Origination, Nordics, Norlys Energy Trading A/S Special thanks to our partners for making this event possible. Our next Energy Day is our Nordic Energy Day event taking place on the 29th of August. Click the link in the comments section to register for this event. #energymarkets #energysector #marketinsights #finland #conference

Download our FREE eBook, “Guide to the Finnish Energy Sector 2024: https://lnkd.in/eVqnNyzm This eBook is based on the key the topics that was covered at this years Finnish Energy Day event. The key topics covered: Energy shift: Embracing a Sustainable Future by Maiju Westergren, Senior Vice President, Sustainability and Public Affairs, Helen Spot Market Volatility: Current Trends and Future Outlook by Riku Merikoski, Senior Power Analyst, Axpo Group European Gas Markets: Navigating Uncertainty Amid Global Dynamics by Wayne Bryan, Director European Gas Research, LSEG (London Stock Exchange Group) Analyzing Nordic Power Market Trends and Challenges: A Forward-Looking Perspective by Olav Johan Botnen, Volt Power Analytics Guarantees of Origin: Renewable Energy Compliance and Sustainability by Maria Kataikko, Metsä Group PPA Price Development in Finland and the Baltics: Insights and Trends by Matti Ahtosalo, Head of North West Europe, Alpiq #energymarkets #marketinsights #Finland #renewableenergy #energyprices

Have you read Nathan Witkop's excellent reporting on the insider trading alarm in Germany’s power market? Whistleblowers have revealed that companies allowed to balance the electricity grid are exploiting inside information for lucrative trades, potentially worth tens of millions of euros. Grid operators’ signals, not disclosed in real-time, give a select few a significant advantage in the intraday market, allowing them to predict and react to price shifts ahead of others. This practice, described as an "open secret" by industry insiders, highlights a critical gap in market transparency and regulatory oversight. Despite multiple complaints and studies confirming the misuse of balancing signals, the Federal Network Agency has yet to identify any breaches. Calls for real-time disclosure of grid imbalances are growing louder to ensure a level playing field for all market participants. Reporting by Nathan Witkop. For more insights, link to the full article in the comments section. #energymarkets #energysector #marketinsights #germanpowermarket #energyprices

Elections in the UK and France this week promise mixed signals for clean energy investment. In Montel's Energy Transition Weekly this Friday: A landslide win for the UK’s Labour Party promises to hasten decarbonisation, starting with a re-embrace of onshore wind. “We’re expecting them to go ahead with a flurry of smaller legislation.” But across the channel in France, renewable energy faces an ominous outlook, pending the outcome of parliamentary elections that could bring the far-right National Rally to power. Also in this week’s newsletter: the cost of grid congestion in Europe falls, but the volume of interventions rises; Germany clinches a plan to begin ordering “hydrogen-ready” power plants and a renewables specialist flips the script on commercial deals to develop clean energy, auctioning its offers to the best takers. I will be off for summer holidays from next week and return in August. My colleague Laurence Walker will look after the newsletter until then. Link in the comments below! #Renewables #Nuclear #Solar #Wind #Emissions

🌟 Join Us for Nordic Energy Day 2024! 🌟 We are excited to invite you to the Nordic power market's biggest event at the Radisson Blu Plaza. This one-day conference will cover the key drivers and developments in the region. 🗓️ Date: August 29 📍 Venue: Radisson Blu Plaza After the conference, join us on the full rigger, Lady Mack, for an evening of dinner and networking with the Nordic power market's top players. Don't miss this opportunity to gain insights and connect with industry leaders. Register now: https://lnkd.in/eBW_vYzx #energymarkets #nordics #energysector #NED2024 #energyintelligence

UK Energy Secretary Claire Coutinho Highlights Conservative Party's Green Energy Plans 🌍💡 Ahead of Thursday's vote, Claire Coutinho expressed pride in the Conservative Party’s green energy record, citing significant progress in offshore wind energy. The party aims to balance net zero goals with the impact on people's lives. 𝗞𝗲𝘆 𝗣𝗼𝗶𝗻𝘁𝘀: Offshore Wind Leadership: UK leads globally, second only to China. Transmission Acceleration Action Plan: Halve infrastructure build times and reduce connection delays. 300 Policies: Comprehensive approach to emissions reduction. 𝗢𝗽𝗽𝗼𝘀𝗶𝘁𝗶𝗼𝗻 𝗣𝗹𝗮𝗻𝘀: Labour: Double onshore wind, triple solar, and quadruple offshore wind capacity by 2030. Liberal Democrats: Remove restrictions on solar and wind, aiming for 90% renewable electricity by 2030. SNP: Target 50% of Scotland’s energy from renewables by 2030. Grid constraints and long-term investor confidence remain key challenges. Reporting by Gabriel Power To read the full article, click the link in the comments section. #energymarkets #ukelections #renewables #netzero #energyprices