If the European Union has drawn a clear conclusion from the energy crisis derived from the Russia-Ukraine conflict, it has been to accelerate the energy transition in order to reduce its dependence on energy sources from third countries, and not to repeat scenarios of high prices that have put domestic companies and consumers in check, and [...]
Introduction Growing concern for the environment and the need to reduce emissions of polluting gases has led to an increase in the demand for electric vehicles. These vehicles are a priority for governments and the transportation industry worldwide, as they can help reduce greenhouse gas emissions. The European Union has set an ambitious target to reduce [...]
Energy despite being associated to human progress since its dawn, endorses a great intrinsic challenge, its management. In European markets, these management lays on two main actors: the market operator (MO) and the System Operator (SO). The market operator acts as a central procurement chamber where a marginalist price auction for each hour of the day [...]
In 1973, at the height of the oil crisis, most of France's electricity depended on foreign oil imports. The then prime minister, Pierre Messmer, launched the famous Messmer Plan, an ambitious program with the aim of having France generate all its electricity from nuclear power. Four decades later, nuclear energy covers 71% of France's electricity production. [...]
When power plants in Europe produce 1 MWh of renewable energy, a certificate is issued indicating how, where and when that unit of energy was produced. Companies can purchase these certificates, or Guarantees of Origin (GoOs), to claim that they buy clean energy and report on the reduction of greenhouse gas emissions. In 2019 we wrote [...]
Since the begging of the 20th century all power is generated from central power plants and transmitted along the transmission distribution grid until the end user. But, as we make the transition to a green path trying to reduce the emissions and the impact of fossil fuel combustion, and as we begin to integrate more and [...]
According to the Carbon Monitor the COVID-19 pandemic halted the CO2 emissions in 2020 with a 4% fall Y-o-Y. The major drop in percentage was registered in the transport sector due to the lockdowns and consequently flight restrictions while the greatest absolute reduction was witnessed in the power sector, mainly due to less demand and significant [...]
This week's Post is different from the usual ones that we publish in Magnus Commodities, and it comes to think about the type of management when it comes to the purchase of Commodities, vs. other buying families where there is no market setting their price. SHOPPING, A NON STOP ACTIVITY The job of a Purchasing Director [...]
Everyone expected so much of 2020, setting it at an important milestone for the World with the globalization peaking and the technology and social barriers being tested constantly. On the other hand, the long trade war between US and China was weighing on the markets and a recession was on the edge. Despite that, no one [...]
Little by little the government is promoting big industry, but it still needs a bigger push to keep them in Spain in a competitive way and to contribute to the economic recovery, that is why it is necessary to increase the funds within the framework of the Electrointensive Statute. The electro-intensive The electrointensive industry is that [...]
