Antony Parsons

Negative power prices have been a huge topic in European power markets this year, as the number of negative price hours has surged in many markets. Our French power markets team has pulled together a public report on this available on link below. Key drivers of negative prices are: - Strong growth in renewables deployment - High renewables generation in some months (this was a strong driver in I Paris in Spring) - Inflexibilities in the system eg nuclear in France, coal in Poland and Germany - Low power demand, partly linked to weak industrial demand - France in particular ‘imports’ negative prices from neighbouring markets in periods of oversupply.

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Interested in our insights into #Belgian #PowerMarkets? Augustin Levassort has shared his most recent analysis on how a reduced availability of French interconnectors could influence power prices in the region 👇

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With governmental objectives to implement a carbon free energy mix to fight environmental changes, grid stability is challenged due to: ☀ More and more variable renewables energies (which fluctuate with the weather conditions). 📉 Less and less fossil energies (coal and gas), which have traditionally been used for assuring this stability. Many different ways have been studied to replace the flexibility provided by fossil energy, to counterbalance the variability of solar panels and wind turbine: such as energy storage in , hydrogen, SMRs…. 💡 Operation of nuclear plants in a flexible base mode can now be added to that list: nuclear power plants traditionally operate in a baseload mode, however having the flexibility to perform power variation (startup, shutdown, transient, load follow, ELPO and so on) when needed for the grid stability or for economic reasons is a great benefit to the Plant Owner, to the grid and for the environment. While most of the nuclear power plants are operating in a baseload mode, some operators are already performing frequent transients for load following and network stabilization. For other operators, moving the operating mode from predominantly baseload to flexible can be seen as challenging due to difficulties to adapt their operating modes and procedures. Framatome’s OAPS solution solves these difficulties, through: 🚀 Automatically determining the best trajectory to perform the transient related to the utilities needs whilst minimizing effluents & maximizing power variations. ✅ Help to follow the trajectory with actualized information in real-time, providing up to date core information and recommending operator actions to be performed. In addition, OAPS doesn’t require any core control modification thanks to a unidirectional interface connected to the existing infrastructure. 👉 for more information => https://lnkd.in/eRCxgtgy #OAPS #Flexible base operation #Nuclear #NetZero #Clean Energy

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This is great progress for lower carbon energy in France.

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Interview with Sandrine Meunier, head of French gas TSO, GRTgaz She says France is set to miss its electrolyser capacity target by five years, likely installing 6.5 GW by 2035 instead of 2030 “It’s going to take a little longer to achieve competitive hydrogen production, it’s a new industry so it necessarily takes time to scale up,” although industrial consumers are committed to switching to hydrogen Despite the weak signals, GRTgaz is developing hydrogen infrastructure projects in industrial hubs in France, but is not yet working on large-scale pan-European projects, which are “much more long term“ The TSO head argues hydrogen production costs should be identical across France, Germany and Spain to ensure French industrials remain in the country, factoring in transportation costs Full story: https://lnkd.in/ews_xj-v -

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Another powerful contribution of Alpiq to the security of supply and a cleaner world with more renewable energy. Flexible Battery Energy Storage Systems #BESS are a key element in the energy transformation and balancing the grid as a powerful sparring partner of intermittent renewable energy from wind and solar production.

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Is french AFRR capacity auction a market? For several days, EDF has limited volumes to offer on AFRR auctions. [EDIT: AFRR reduced by 260 MW and not to 260 MW. Thank you Romain JOUSSEAUME ] EDF posted a REMIT on friday: its AFRR capacities are reduced by 260 MW from 26th of November to the 10th of December due to a technical evolution. Those 260 MW still need 400 seconds to be fully activated while the rest of the fleet needs 300 seconds only. With EDF proposing 260 MW less for a requested volumes between 600 MW and 1 200MW, we could have expected high capacity prices this morning. Peak is at 68.5 €/MWh or 34.25€/MW per half hour, higher than last week but nothing exceptional. The main difference is in the minimum price. Nothing below 25€/MWh or 12.5€/MW per half with a daily average price above 33€/MWh compare to 25€/MWh last week - week end excluded. +32% of price increase. A good day for AFFR providers. But the market worked: volumes were provided, without insane spikes. This event is a clear signal that the 260MW are cheap volumes. Yet it can be covered by other market participants or assets. More scarcity, higher price. Looks like the market works. Will the market participants adjust to the situation? 👀 Expect wild volatility of AFRR energy prices tomorrow.💰👍 ^CB

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🔵LIVE: BEPA Secretary-General Fabrice Stassin discussing the bottlenecks and way forward for battery R&I at the EERA - The European Energy Research Alliance high-level conference on sustainable competitiveness. “We need to decide on the scope of what we want to support, be clear on the scale of efforts and match with the necessary funds. We also need to implement the programmes with speed and ensure that sustainability and circularity remain key. To get there we need a better alignment between the EU, the Member States, the industry and research organizations to unlock the funding in a fast and coordinated manner.” #EUSustainableCompetitiveness #R&I

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Trilateral Industrial Summit yesterday and today in Paris. Italian 🇮🇹, French 🇫🇷 and German 🇩🇪 industrial national federations are together to ask for bold and immediate common actions to regain competitiveness: ✅ Support for all low carbon sources in the new Clean Industrial Deal and EU-ETS to contribute to the energy transition. 🔬 Accelerate innovation, we need to start increasing investment in research and development to 3% of GDP within one year. 📋 Simplification of rules and regulation to achieve a better time to market in days where time counts a lot for effectiveness. Furthermore, the final declaration recommends, "to facilitate European investments" to start unlocking the €800 billion identified in the Draghi report within one year. The EU Member States must strengthen the competitiveness of the corporate financing ecosystem through the Banking Union and Capital Markets within one year. Strong public investments at national and EU level are also needed. The EU - the final declaration continues - should develop a competitiveness-oriented Multiannual Financial Framework (MFF) and more efficient financial instruments and the financing of European public goods should also be partly pursued through EU debt instruments. Francesca Gostinelli Matteo Borsani Stefan Pan Marco Ravazzolo Livio Vanghetti Morgane Augé Guillaume Gillet cristina stancari Fabrice Le Saché Daniele Ruta Liron Spindel Virgilio Falco Giada Manfredini

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Frédéric TUILLE, Julia Panny, Zheng Lin, Floris Uleman and Ils Moorkens presented the latest developments on the State of #RenewableEnergies in Europe ➡️ https://bit.ly/3wcZl7z organised by #EurObserv'ER at this recent live webinar: Did you know, that in Europe, #hydroelectricity production fell by almost 21% due to the exceptional drought in 2022. And that this could be offset by the excellent production from #windpower and #photovoltaics, which increased by 28%. You can watch the full 45-minutes webinar here and get informed about #EnergyIndicators, #RES Costs, #AvoidedFossilFuels and more in the #EU. https://bit.ly/3wcZl7z

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Is the UK Missing a Trick on Hydrogen? 🤔 While France is making significant strides in hydrogen deployment, the UK seems stuck in pilot purgatory. 🚧 What's holding us back? * Lack of clear infrastructure plans? * Insufficient investment? * Regulatory hurdles? It's time to ditch the endless studies and deliver real-world solutions. Let's spark a conversation and drive real change to unlock the full potential of hydrogen in the UK. 🇬🇧

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In the face of evolving energy dynamics, France's unique mix of nuclear and renewable sources is driving negative power prices.⚡️ Despite recent setbacks in nuclear production due to corrosion issues, the sector is on a recovery path. Meanwhile, significant growth in solar and wind capacities—rising to 47GW and 44GW respectively by 2030—enhances France's export capabilities and contributes to a more decarbonized European grid. 🌞💨 As these trends continue, France is poised to balance rising demands with sustainable energy supply, ensuring robust export potential and maintaining low CO2 emissions amidst shifting market conditions. 🌍🔋 Link to Clément Bouilloux's latest blog in the comments section. #energymarkets #negativeprices #energyprices #nuclear #solargeneration

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FRANCE AWARDS FIRST COMMERCIAL FLOATING WIND FARM PROJECT A consortium between Elicio and BayWa r.e. Global has won a tender to build France's first large-scale commercial floating offshore wind farm. The 230-270 MW Pennavel project off the coast of Lorient, Brittany is expected to generate around 30% of the region's current renewable electricity supply, and will power over 450,000 homes annually once operational. Pennavel will be France’s first large-scale commercial floating offshore wind project and is claimed to be the first commercial floating wind farm to be awarded a long-term Contract for Difference (CfD). The project secured a grid connection from French transmission operator RTE. The floating wind farm aims to support the French government’s ambitious goal to commission around 50 offshore wind farms by 2050 and realise 45 GW of power. ⚡ Follow MPS (Modern Power Systems) for all the latest news daily from the global power generation industry ⚡ #MPS #power #energy #powergeneration #windenergy #renewableenergy

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IEA PVPS is pleased to announce the release of the latest Fact Sheet on our "National Survey Report of PV Power Applications in France 2023." This Fact Sheet provides a summary on the report, which delves into France's PV market and developments over the past year. 👉 Download the Fact Sheet to gain valuable insights into the current state and future prospects of PV in France: https://lnkd.in/dNgxNdnN #Photovoltaics #RenewableEnergy #France #EnergyTransition #SolarMarket #IEAPVPS

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World’s 1st artificial island to provide 3.5GW wind energy to 3 million homes ◾ The European Investment Bank (EIB) has agreed to provide Elia Transmission Belgium (ETB) a $702 million (€650 million) grant to help it build the world’s first artificial energy island. ◾ The artificial energy island, according to the details provided by Elia, will aim to provide Belgium with 3.5GW of new offshore wind capacity so as to enable its transmission to green energy. ◾ The funds have been allocated for the realization of the first phase of the Princess Elisabeth Island project. ◾ ETB also states that the project is essential for Belgian and European energy transition, “helping to bring large amounts of wind energy from the North Sea to the consumption centers on the mainland.” ◾ According to the Elia Group, the Princess Elisabeth Island will be constructed between 2024 and 2027, at about 27.9 miles (45 km) off the Belgian coast within the Princess Elisabeth wind zone. ◾ The island is one of ETB’s key projects and is the world’s first artificial energy island. ◾ The project aims to integrate 3.5 GW of additional offshore wind capacity into Belgium’s electricity grid, which can power more than three million households. ◾ The Island will reduce the country’s dependence on fossil fuels and provide more affordable green electricity. It will also significantly contribute to the European Union meeting its renewable energy targets and climate-neutrality goal. ◾ According to a press release from the Elia Group, “In addition to unlocking Belgium’s second offshore wind zone, the Princess Elisabeth Zone, the island will also serve as a landing point for additional interconnectors that will link Belgium to its neighbors.” ◾ The Princess Elisabeth Island will be the first artificial energy island in the world hosting both high-voltage direct current (HVDC) and alternating current (HVAC) infrastructure. ◾ The first of the island’s caissons, or foundations, are currently being built in Vlissingen (the Netherlands) and will soon be sunk at sea and filled with sand to form the foundations of the island, as per Elia. ◾ The high-voltage infrastructure installed on the island will bundle together the export cables of the Princess Elisabeth Zone wind farms while also serving as a hub for future interconnectors that will link Belgium to the United Kingdom and other countries. ◾ These hybrid interconnectors will enable power exchanges between Belgium and its neighbors whilst also being connected to large offshore wind farms in the North Sea. The latter will eventually supply Belgium with large quantities of renewable energy.  The source: Interesting Engineering #energyticslimited #renewableenrgy #windenergy #artificialenergyisland

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🔍 How does the availability of the interconnection with France influence Belgian power prices? 🔍 Last week De Standaard reported that the low availability of the French-Belgian interconnectors was leading to large differences between the French and Belgian power price. My colleague Augustin Levassort analysed what the price impact would be if the availability of the interconnectors were to stay reduced until 2030. In short: Power prices in Belgium increase by up to 6%, whereas the price in France drops by up to 6%. Read the full analysis below. #deindustrialisation #reindustrialisation #electrification #energytransition Jesse Hettema Wim Winckelmans

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