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European P&U Report 2Q 2020

The effect of COVID-19 was immediately felt in the first quarter of 2020 as European P&U companies’ financial results indicate.

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Power electric pole

European P&U Report 1Q 2020

European P&U players started the year consistent with 2019. Similar to a lot of other sectors, the unexpected disruptions due to the covid-19 pandemic had hit the P&U industry by the end of the first quarter.

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European P&U Report 4Q 2019

Electricity prices in Germany and Spain continued to increase till the last week of October, primarily due to higher than expected colder weather and low wind generation, however, prices declined in the first week of November on account of higher renewable energy generation. Electricity prices for the UK, France, Germany and Spain peaked to 10 month high in the second and third week of November due to unstable renewable energy production and lower temperatures forecast. Prices declined in December resulting from high renewable output and low demand.

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European P&U Report 2Q & 3Q 2019

Electricity prices in France, Germany, Spain and the UK remained below average in April and continued to decline till the first week of May, primarily due to mild weather conditions, high renewable output and low demand. Peak and base load prices remained fairly stable with occasional peaks observed through the second and third quarter, attributed to the rise in gas prices, rally of carbon contracts, bullish movement of coal contracts and concerns around French nuclear plants. Prices declined in the first week of September due to weaker coal, carbon and gas market accompanied by low demand.

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