The worldwide natural gas market experienced a significant upheaval in 2022 when Russia drastically reduced pipeline deliveries to Europe. This created exceptional pressure on supply and led to a global energy crisis. However, Europe managed to surpass historical storage averages in their underground gas reserves due to a variety of targeted policy measures, a sharp decrease [...]
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 [...]
Wednesday, May 12, 2021, the deadline for submitting allegations to the Draft Order that creates a capacity market in the Spanish electricity system is over. A long-awaited regulation by agents of the electrical system since the penetration of variable renewable energy, such as photovoltaic and wind, is continuously growing and will continue to do so. It [...]
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 [...]
