Spain

Coal Phase-Out and the market “incentive”

By | 2020-06-18T10:35:13+00:00 June 18th, 2020|Categories: Energy Markets, Featured, Gas, M·Blog, Portugal, Spain|Tags: , , |

The pathway towards Climate Neutrality by 2050 continues with coal phase-out leading the initiatives to achieve such goal across the “Old Continent”. The official roadmap points for France to win the race of decarbonization in Europe, by phasing out of coal by 2022. In the year after is expected that Portugal, the United Kingdom, Italy and [...]

The ‘new normal’: the real challenge

By | 2020-06-02T13:23:50+00:00 June 2nd, 2020|Categories: Electricity Markets, Energy Markets, Featured, M·Blog, Spain|Tags: , , |

It seems, that the coronavirus crisis comes to an end or at least concludes the first round. But now, it’s when in terms of contraction of demand, we will really see the effects. The next few years are full of uncertainties and risks, but also of opportunities within the electricity sector and now we are asking [...]

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The new Law on Climate Change and Energy Transition

By | 2020-05-26T14:33:30+00:00 May 26th, 2020|Categories: Electricity Markets, Energy Markets, Energy Policies, Featured, Gas, M·Blog, Spain|Tags: , , |

The Council of Ministers approved on Tuesday May 19, 2020 the Draft Law on Climate Change and Energy Transition (PLCCTE). A regulation that aims to lay the foundations for a new, greener, more sustainable economy and that will help Spain recover from the economic crisis that is looming after COVID-19. It includes 36 articles distributed in [...]

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The virus that popped (or didn’t pop) the bubble

By | 2020-04-21T13:14:35+00:00 April 21st, 2020|Categories: Energy Markets, Energy Policies, Featured, M·Blog, Spain|Tags: , , |

The coronavirus has caused an unprecedented global health and economic crisis. The energy sector, as a key actor, has been particularly affected by this crisis, but is also a key sector for the global response and recovery efforts. Energy security continues to be an area of particular focus and the crisis has put a premium on [...]

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OPEC+ new deal: The antidote? Or just another vaccine?

By | 2020-04-15T13:08:03+00:00 April 15th, 2020|Categories: Energy Markets, Featured, Gas, M·Blog, Oil, Portugal, Spain|Tags: , , |

After one month of a dramatic break-up and a beginning of an oil war between Russia and the Saudi Arabia, history was made last Sunday with a renewed agreement achieved by OPEC + of 9.7 million barrels per day (mbpd) oil output cut. A 10 million bpd oil reduction is the biggest cut ever agreed in [...]

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Pandemics and oil

By | 2020-04-08T17:04:45+00:00 April 8th, 2020|Categories: Energy Markets, Featured, Gas, M·Blog, Oil, Spain|Tags: , , |

Global oil and gas markets are facing an unprecedented situation: demand is collapsing because of the impact of the coronavirus (COVID-19) while supply, already overabundant, is significantly increasing. In some countries, large-scale production and exports of oil and gas provide vital income to finance their national budgets, which means volatility in global energy markets can translate [...]

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Royal Decree to alleviate the COVID-19 crisis in energy

By | 2020-04-01T12:31:05+00:00 April 1st, 2020|Categories: Electricity Markets, Energy Policies, Featured, Gas, M·Blog, Spain|Tags: , , |

On Tuesday 31 March 2020, the Council of Ministers approved a new package of economic and social measures to complement and reinforce the measures adopted by the government over the last three weeks to minimise and counteract the impact of COVID-19. For the energy sector, they will benefit electricity and gas suppliers as well as consumers. [...]

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Panic in the markets … How does it affect me? What should I do?

By | 2020-03-10T14:49:44+00:00 March 10th, 2020|Categories: Coal, Electricity Markets, Featured, Gas, M·Blog, Spain|Tags: , , |

This is one of those weeks in which I had a well-organized agenda, and, among other activities, I was ready to publish a Blog about the reality of projects with Hydrogen and the energy market (prepared carefully and well in advance). However, panic has taken over the media and markets. My agenda has “blown away” and [...]

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MIBGAS – A fast growing market

By | 2020-02-25T15:36:16+00:00 February 25th, 2020|Categories: Energy Markets, Featured, Gas, M·Blog, Spain|Tags: , , |

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 [...]

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The status quo of “Demand Response”

By | 2020-02-18T12:26:57+00:00 February 18th, 2020|Categories: Electricity Markets, Energy Markets, Featured, M·Blog, Spain|Tags: , , |

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 [...]

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