Senior Power Correspondent
Vera's Feed
Apr 29, 2014

Swiss hydro power under threat from German energy shift

BERLIN, April 29 (Reuters) – Oversupply of German renewable
power threatens to undermine future hydroelectric operations in
neighbouring Switzerland, the chairman of Swiss utility Alpiq
said in an attack on Germany’s wind and solar

As Germany seeks to get out of nuclear energy fast and wean
itself off fossil fuels, it must also reconcile the national
plan with nine surrounding countries in converging markets that
are all affected by price movements and power flows originating
in the European Union’s biggest economy.

Apr 9, 2014

EEX energy bourse posts higher trades in Jan-March

LEIPZIG, Germany, April 9 (Reuters) – The European Energy
Exchange (EEX) posted a 5 percent rise in trading of its
flagship electricity futures for January through March,
benefiting from declining over the counter market participation
amid tighter EU financial regulation.

Continental Europe’s biggest power bourse on Wednesday
reported 350.3 terawatt-hours (TWh) of futures traded compared
with 333.3 TWh a year earlier, according to material issued at a
news briefing at the EEX in Leipzig.

Apr 4, 2014

European energy prices face weak spring

LONDON/FRANKFURT, April 4 (Reuters) – European benchmark
power, natural gas and coal prices have dropped to multi-year
lows and gas prices in particular could drop further in coming
months given oversupply and weak demand.

European energy prices have fallen steadily this year as a
result of a mild winter and a supply glut. A warmer-than-average
outlook for the start of spring has put further pressure on
prices this week.

Mar 27, 2014

Weather’s role in power prices will grow – Danske Commodities chief

FRANKFURT/PRAGUE, March 27 (Reuters) – The growing influence
of weather on Europe’s wholesale power markets will make them
increasingly volatile, creating new short-term trading
opportunities, the head of Danske Commodities said on Thursday.

Rising supply from weather-dependent solar installations and
wind farms has forced market players to wrestle with bigger
intraday swings in supply and demand, Torben Nordal Clausen told

Mar 14, 2014

German gas freeze menaces Wintershall’s technology exports

FRANKFURT, March 14 (Reuters) – Germany’s two-year-old
freeze on new exploration for gas means Wintershall
is less able to develop expertise at home and therefore risks
losing its competitive edge abroad, a board member of the energy
company said.

Environmental and political opposition to U.S.-style shale
gas fracking has led German authorities and policymakers to
refuse new licences, even for conventional gas technology, while
debate continues over a federal law on the future framework.

Mar 13, 2014

Wintershall CEO: Ukraine crisis won’t scupper Gazprom deal

KASSEL, Germany, March 13 (Reuters) – BASF oil
and gas unit Wintershall said the Ukraine crisis would not
scupper an asset-swap agreement with Gazprom which
would give Russia greater access to gas trading and storage in

Wintershall Chief Executive Rainer Seele said on Thursday
that the companies had all the necessary approvals and the
arrangement, agreed in 2012 and approved late last year, was now
only a matter of operational implementation.

Mar 10, 2014

EU deals blow to two big Russian gas pipeline projects

FRANKFURT/BRUSSELS, March 10 (Reuters) – Brussels dealt a
blow on Monday to two major Russian pipeline projects to supply
natural gas to Europe, in the latest sign of strains in the
energy links between Moscow and the European Union.

Russia’s seizure of Ukraine’s Crimea region has already
shaken political relations between Russia and the European

Mar 7, 2014

German power utilty EnBW warns of further profit fall in 2014

FRANKFURT, March 7 (Reuters) – EnBW, Germany’s
third-biggest power utility, reported a 5.3 percent drop in
underlying profits on Friday and warned of a similar possible
fall this year as its conventional plants struggle to compete
with subsidised renewable power.

The group said its adjusted earnings before interest, tax,
depreciation and amortisation (EBITDA) fell to 2.22 billion
euros ($3.07 billion) in 2013 and could decline further, by up
to 5 percent, in 2014.

Feb 26, 2014

Industry-funded report calls for changes to German energy policy

FRANKFURT, Feb 27 (Reuters) – Germany’s current policy of
rapidly deploying renewable energy should be redesigned to
prevent its industry from losing global market share because of
high power costs, a report by international think-tank IHS
said on Thursday.

The research by IHS, a global research, analysis and
specialist information group, was funded by companies in
Germany’s chemical and oil and gas industries such as BASF
, Bayer and Exxon Mobil and
national business federations.

Feb 19, 2014

Bank exits boost utilities, funds in Europe gas and power trading

LONDON/FRANKFURT (Reuters) – Tougher European financial regulations have prompted banks to leave power and gas trading, meaning greater dominance by utilities and trading houses and less appeal for investors.

The global commodities market for banks has shrunk to about $4 billion from as high as $12 billion at the end of the last decade, partly as a result of reflecting stricter restrictions on banks trading with their own money.

    • About Vera

      "I report on German power and gas markets in liaison with a team of other specialists in European bureaus. I am based in Frankfurt and previously covered commodities out of Hamburg and London. My aim is to identify market and industry trends and to produce high quality copy which is accessible to expert subscribers as well as to energy and business audiences, and to help shape our energy products."
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