Kromann Reumert’s Post

The 4th tender for the joint purchasing of gas under the EU Energy Platform attracted bids from 13 reliable international suppliers for a total volume of 9.13 billion cubic meters (bcm), in response to the aggregated European demand of 10.06 bcm:

📈 Germany is one of the most important electricity markets in Europe. According to a new market analysis, this now also applies to direct marketing via long-term supply contracts, so-called Power Purchase Agreements (PPAs). This relatively new segment of the electricity market has grown rapidly, especially in the last two years: https://lnkd.in/eH6qhgTk #ppa #marketanalysis #germany #energy #europa #powerpurchaseagreement

Who can participate in Energy Wheeling? 👩💻👨🏭🏗 All customers have access to the grid for the delivery or export of electricity thanks to the Electricity Regulation Act and the Transmission Grid Code and Distribution Network Code of NERSA.  However, third-party wheeling of electricity is limited to buyers connected on medium-voltage or higher-voltage networks and on a time-of-use tariff. Generators must be licensed or registered to generate and supply electricity, and the government has raised the threshold for private self- or distributed generation power plants. Generators must apply to Eskom for grid connection, pay for a cost estimate letter, and sign an amendment agreement to their Electricity Supply Agreement. Buyers can be another Eskom customer, a municipality, or a customer within a municipal network.

💥 POWER PURCHASE AGREEMENT CONTRACTS IN THE EU ENERGY MARKET A #PowerPurchaseAgreement (#PPA) often refers to a long-term #electricitysupplyagreement between two parties, usually between a power producer and a customer (an electricity consumer or trader). The PPA defines the conditions of the agreement, such as the amount of electricity to be supplied, negotiated prices, accounting, and penalties for non-compliance. Depending on regulation and the #marketenvironment, different situations can arise in which PPAs are an advantageous form of financing or a stabilizing factor in long-term power delivery. On 23 May 2024, it was announced that the Agency for the Cooperation of Energy Regulators (#ACER) will launch a consultation on the introduction of #voluntarytemplates for #PPAcontracts in the #EUEnergyMarket, on 20 June 2024. More detailing see below https://lnkd.in/ejN_gk5U #EUmarket #euregulation #europeanlaw #eulegislation #internationallawyer #energysupplyer #electricitycompany #electricitymarket

New EDF Tariff Cheapest of Large Suppliers: 30th April 2024: Customers are being encouraged to consider a new tariff launched today by EDF which is the cheapest of the large suppliers and more than £100 lower than the current energy price cap. EDF’s Essentials 1Yr May25 tariff, priced at £1,580 for a 1-year fix and available to new and existing customers, is £110 under the current price cap ( #CornwallInsight #defaulttariffcap #EDFEnergy #energybills #energycustomers #energysuppliers #energyusage #Finance&Markets #pricecap #smartmeter

ICYMI: ETI has just released the 2024 Directed Energy Sourcebook, which is a comprehensive guide that is intended to serve as a detailed index of companies, government entities, and leading universities involved in the directed energy sector. Download at NDIA.org/DESourceBook

Greece: PPC’s market share dropped to 57% Independent electricity suppliers are slowly but steadily gaining ground on power utility PPC, the Greek retail electricity market’s dominant player, an annual market share report published by the energy exchange has shown, energypress.eu reported. PPC ended 2023 with a market share of 57.43 percent, down from 63.14 percent a year earlier, while the independent players […] https://lnkd.in/d8esZy3n

CFE Business: CFE is an electric power company operating as a Productive State Enterprise, wholly owned by the Mexican Federal Government. CFE generates, transmits, distributes and markets electricity to 46.4 million users, as of September 30, 2021. Founded in 1937, CFE now has a generation capacity of 58,897MW, a transmission, distribution and fiber optic grid of 110,333 km-circuites in hight tension, 878,049 km-circuites in medium and low tension and 56,855 km, respectively. The total electricity generated for the full year 2020 was of 216 TeraWatt hour (TWh), and for the 9 months 2021 was 166.4 TWh, providing power to 99% of the population in the country. The Company is divided into four main areas: generation, transmission, distribution and commercialization. Pursuant to the 2021-2035 Programa de Desarrollo del Sistema Electrico Nacional –PRODESEN- (National Electricity System Development Program 2021-2035 in English) prepared by the Ministry of Energy of the Mexican government, we generate approximately 67% of the electricity consumed in Mexico, including Independent Power Producers (IPPs). We have a 100% market share of the public transmission, distribution and basic supply markets. #Energy #Electric #CFE #Business #Power #Electricity #Mexico #Market #Generation #Transmission #Distribution #Commercialization #Worldwide #Future

Energy Monday. Disaggregation of Power Distribution under the Electricity Act 2023. Boon Or Bane? The Electricity Act (E.A) 2023 has ushered in a new era of energy efficiency and transparency through the provisions for the disaggregation of electricity distribution in the Nigerian Electricity Supply Industry (NESI). The repealed power sector regulatory regime in granting licenses merged operations for electricity distribution and electricity supply. However, under the E.A 2023 the Nigerian Electricity Regulatory Commission (NERC)has been mandated at a time it deems appropriate to disaggregate electricity distribution operations and recognize the supply of electricity as a separate operation distinct from electricity distribution operations. Upon completion of this directive under the NESI, separate licenses will be issued for both, and distribution licensees will cease to function as distribution and supply licensees but only as distribution licensees. These provisions are poised to boost investments in the Nigerian electricity sector through the integration of new entrants, including private individuals, public entities, and individual States of the Federation, who are now granted the authority to procure, generate and distribute power within their respective regions. Do you think the disaggregation of power distribution as provided by the E.A 2023 would cushion the burden on distribution companies (DisCos) and ensure the efficiency and transparency of electricity distribution under the new regulatory regime ? Let’s hear your thoughts in the comment section. For further engagements, contact us at info@candelp.com #electricitylaws #electricity #electricitymarkets #powergeneration #powerdistribution #powerindustry

Aussie electric Prices above $5,000/MWh - January to March 2024 The Australian Energy Regulatory (AER) is required to publish a report whenever the electricity spot market 30-minute price exceeds $5,000/MWh and whenever consecutive 30-minute prices exceed $5,000/MW in FCAS markets. This report includes high price events that occurred on: 19 January in Queensland 21 January in Queensland and New South Wales 27 January in Queensland 29 January in Queensland 23 February in Queensland 26 February in Queensland 29 February in Queensland and New South Wales https://lnkd.in/gNUu7m5d