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So far Magnus has created 264 blog entries.

Gas in Spain: towards a more competitive market

By | 2018-06-12T15:34:03+00:00 May 30th, 2018|Categories: Featured, Gas, M·Blog|Tags: , , |

Last Friday, Magnus CMD attended the Gas Industrial Forum 2018, organized by Gas Industrial Association. The most important players of the Iberian gas market were represented in the event, both from large consumers, as well as from regulatory and control bodies such as CNMC, ENAGAS, MIBGAS and MINETAD. In this forum, we had the opportunity to [...]

Portugal: 103% Renewables 0% Guarantees

By | 2018-06-12T15:34:03+00:00 May 16th, 2018|Categories: Electricity Markets, Energy Markets, Featured, M·Blog, Portugal|Tags: , , |

March of 2018 was the “greenest” month ever in Portugal. The energy generated from clean sources exceeded demand by 3%, beating the record of 99% capacity achieved in 2014. This could mean that all the energy consumed in our households came from renewable energy sources and, not even if not entirely true, it’s still a praiseworthy [...]

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What happened to carbon price?

By | 2018-06-12T15:34:03+00:00 May 8th, 2018|Categories: Energy Markets, Featured, M·Blog|Tags: , , , |

The carbon emission rights of the European emission trading system (EU-ETS, for its acronym in English) have gone up in price by 60% since last January and have tripled since May last year when they cost 4.38 euros/ton, up to 13.82 euros in April of this year. Following the data of the European Commission released this [...]

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China’s coal restrictions – why now?

By | 2018-06-12T15:37:19+00:00 April 24th, 2018|Categories: Coal, Featured, M·Blog|Tags: , , |

In the energy World everybody knows that, when it comes to coal, no one beats China – which triples the production volume of the 2nd country in the list, the U.S. But being the biggest is not without its problems. Figure 1. Coal production (left) and consumption (right) by country in thousands of millions of [...]

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THE VENEZUELAN DECLINE

By | 2018-06-12T15:34:03+00:00 April 17th, 2018|Categories: Featured, M·Blog, Oil|Tags: , , , , |

Talking about Venezuela is tantamount of talking about oil. This country, almost twice the size of Spain, has the largest amount of (heavy) crude oil reserves in the world, which grew strongly since 2011. It may be unfair and/or paradoxical that all this underground wealth is present at the worst time for the country, which is [...]

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Power and gas prices seem to have no roof …¿What now?

By | 2018-06-12T15:34:04+00:00 April 12th, 2018|Categories: Electricity Markets, Energy Markets, Gas, M·Blog|Tags: , , , |

As we have already pointed out in previous articles, 2017 was a bullish year in the energy markets. In the previous blog "OMIE Forecast? Place your bets " we detailed the fundamentals that justified these increases. However, this does not mitigate the concern of procurement managers who have the arduous task of optimizing costs year after [...]

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OMIE forecast? Place your bets

By | 2018-06-12T15:34:04+00:00 April 3rd, 2018|Categories: Electricity Markets, Energy Markets, M·Blog, Spain|Tags: , , |

The daily electricity market in the Iberian Peninsula (OMIE) has been characterized from the outset by a strong volatility. Its own base of operation, which we explained a couple of years ago in our blog (Iberia’s Spot Electricity Market: Behind the Curtains), makes the composition of the energy mix (sum of the technologies that participate in [...]

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IS EU PLAYING RUSSIAN ROULETTE AGAIN?

By | 2018-06-12T15:34:04+00:00 March 26th, 2018|Categories: Gas, M·Blog|Tags: , , , |

The last few weeks have been a real throwback to Cold War years for both Russia and UK, as Prime Minister Theresa May accused Moscow of poisoning a Russian ex-spy with a rare nerve agent in Salisbury, England. The Kremlin rejected the accusation and insisted the UK must prove Russia’s role in the attack or apologise. [...]

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New Electric Suppliers – Lights and Shadows

By | 2018-06-12T15:34:04+00:00 March 20th, 2018|Categories: Electricity Markets, Energy Markets, M·Blog, Spain|Tags: , , |

It was in 1997 when the process of liberalization of the electricity market in Spain began. This process, which was gradually established until its culmination in 2009, brought an important novelty to consumers: for the first time they had the option to choose which electric supplier they wanted, and with this, doubts arose: will it be [...]

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We are approaching the time of gas market injection in Europe, but will we get there unharmed?

By | 2018-06-12T15:34:04+00:00 March 13th, 2018|Categories: Gas, M·Blog|Tags: , , |

Like all other markets, natural gas moves upwards when there are more buyers than sellers in the market and moves downwards when the opposite happens. The tough world of "intuitive" operations has been back on its head again last week. The fundamentals, technical analyses and any other form of analysis that we are used to, come [...]

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