Today we are talking about a subject that is particularly close to my heart, which is my country of origin, Italy. In recent weeks, it has been the first in our continent to be the main character of the coronavirus fury. We will see how the epidemic has hit the Italian energy sector hardly, creating dynamics [...]
In the current situation of entire economies being paralyzed by the coronavirus outbreak, you would think oil producing nations (like everyone else) have enough to worry about. With much economic activity including international air travel coming to a standstill, the loss of demand is enormous. Nevertheless, OPEC and Russia not only failed to come to a [...]
After the shale revolution that boomed the gas market in the U.S.A. and the climate act in China, that intended to rapidly shift from coal to gas in 2017, 2019 was the year that natural gas reshaped the energy mix in Europe. In Spain, this commodity changed dramatically the energy mix as well as the energy [...]
The electricity grid must always be in balance, which means that, at each moment, production must equal consumption. This is a well-known premise and is where the complexity of the electricity market lies. It is well known that the demand for electricity throughout the day and throughout the year is not flat: there are hourly and [...]
The Conference of the Parties (COP's), the Davos Forum, the General Assemblies of the United Nations...little by little the objectives of the international summits begin to have a direct interconnection with the Sustainable Development and the publication of measures at the national level. On Tuesday, the 21st, the date of the Davos Forum, the Council of [...]
In a previous blog, we had already talked about the mechanisms through which Red Eléctrica de España (REE) managed variations in production and consumption forecasts. We recall that management was limited to the supply side, with conventional electricity generation sources and then wind generation, adapting its programmes to resolve the technical restrictions of the system. However, [...]
Maybe the European Commission foresaw that the COP25 in Madrid was not going to achieve the ambition they had hoped for, or maybe they just wanted to be first to announce a new ambition plan. In any case last Wednesday, when the COP25 had not even gone into extra time, the European Commission announced The European [...]
2019 seems the year in which the climatic emergency rises in the scale of concerns in the so-called developed world. The headlines range from apocalyptic alarmism to those who deny that we have any kind of responsibility in the process. In this scenario, governments announce increasingly ambitious and close decarbonization and sustainability objectives. However, at each [...]
The beginning of December will be important for the oil markets. Because there will be an Aramco IPO, and also at the end of next week OPEC will meet. Next December 5th and 6th OPEC will meet with other nations outside the organization led by Russia, in its headquarters in Vienna. At the meeting they will [...]
In a context of economic contraction, where the debate is centred on whether or not the crisis will turn into a recession, the installed capacity of our generation stock continues to grow as a result of the wave of new renewable generation and the promise of electrification of industry and transport. Evolution of electricity demand The [...]
