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Market-moving energy news.
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Italy’s gas market could face unexpected upward pressure this winter, with prices on the country’s PSV hub potentially spiking amid demand from neighbours despite domestic storage facilities among the highest in the region, analysts told Montel this week. montelnews.com/news/a130b0f...
Italy gas prices may spike on Austria, Germany demand – analysts
The shutdown of Russian flows via Ukraine at the start of 2025 and the roughly 10bcm of gas lost year on year had created a deficit in storage levels of central European countries, including Austria a...
montelnews.com
November 27, 2025 at 2:20 PM
Italy’s gas market could face unexpected upward pressure this winter, with prices on the country’s PSV hub potentially spiking amid demand from neighbours despite domestic storage facilities among the highest in the region, analysts told Montel this week. montelnews.com/news/a130b0f...
Spain’s energy regulator CNMC had repeatedly recommended the deployment of grid-stabilising equipment before the 28 April blackout, the regulator’s director of energy told a Senate committee on Thursday. montelnews.com/news/928eecd...
Spain’s regulator urged grid reinforcement before blackout
Spain’s regulator told senators it urged grid‑stabilising equipment before the April blackout and backed new voltage‑control rules, CNMC says.
montelnews.com
November 27, 2025 at 2:20 PM
Spain’s energy regulator CNMC had repeatedly recommended the deployment of grid-stabilising equipment before the 28 April blackout, the regulator’s director of energy told a Senate committee on Thursday. montelnews.com/news/928eecd...
French utility EDF is unlikely to find many takers for its new long-term nuclear supply offers amid low wholesale power prices, analysts told Montel this week. montelnews.com/news/3b360f2...
Low prices curb interest in EDF nuclear contracts – analysts
Low wholesale power prices dent demand for EDF’s long‑term nuclear CAPN contracts — buyers reluctant to pay premiums despite extended eligibility, analysts say.
montelnews.com
November 27, 2025 at 2:19 PM
French utility EDF is unlikely to find many takers for its new long-term nuclear supply offers amid low wholesale power prices, analysts told Montel this week. montelnews.com/news/3b360f2...
The European Commission has proposed changing the market stability reserve rules for the planned emissions trading system for buildings and road transport (ETS 2) to ensure more stable carbon allowance prices, it said on Thursday. montelnews.com/news/7183d8d...
EC proposes changing ETS 2 reserve rules to smooth prices
EC proposes ETS2 reserve changes — larger, twice‑yearly allowance releases and earlier auctions to smooth carbon prices and front‑load revenues for member states.
montelnews.com
November 27, 2025 at 2:19 PM
The European Commission has proposed changing the market stability reserve rules for the planned emissions trading system for buildings and road transport (ETS 2) to ensure more stable carbon allowance prices, it said on Thursday. montelnews.com/news/7183d8d...
The UK is failing to fully enforce a near three-year-old ban on Russian gas imports, leaving the door open for “blended” supplies to enter the country this winter, a Montel investigation has found. montelnews.com/news/2c4a9af...
INVESTIGATION: UK turns “blind eye” to Russian gas as MP demands urgent probe
Montel probe finds UK may be receiving 'blended' Russian gas via EU interconnectors; MP urges urgent probe amid concerns over sanctions enforcement.
montelnews.com
November 27, 2025 at 12:56 PM
The UK is failing to fully enforce a near three-year-old ban on Russian gas imports, leaving the door open for “blended” supplies to enter the country this winter, a Montel investigation has found. montelnews.com/news/2c4a9af...
Britain will become increasingly dependent on imported gas over the coming decade, amid declining North Sea production, with a slower rate of decarbonisation posing potential threats to supply, UK TSO Neso said. montelnews.com/news/efe1a44...
Britain could face gas supply risks from 2030s – TSO
“We expect Great Britain to continue benefiting from a diverse range of gas supply sources into the 2030s,” it said in a report published late on Wednesday. But it noted demand for the fuel over the ...
montelnews.com
November 27, 2025 at 11:48 AM
Britain will become increasingly dependent on imported gas over the coming decade, amid declining North Sea production, with a slower rate of decarbonisation posing potential threats to supply, UK TSO Neso said. montelnews.com/news/efe1a44...
Oil prices fell on Thursday amid growing expectations for a Ukraine-Russia ceasefire that could result in the lifting of sanctions on Moscow’s crude exports, adding to a global supply glut and reducing Brent by USD 5/bbl. montelnews.com/news/746f90f...
Oil prices fall as ceasefire expectations grow
The front-month contract for Brent crude North Sea oil was last seen down USD 0.27 at USD 62.86/bbl, while the WTI equivalent dipped USD 0.25 to USD 58.40/bbl. Steve Witkoff, the US special envoy for ...
montelnews.com
November 27, 2025 at 11:25 AM
Oil prices fell on Thursday amid growing expectations for a Ukraine-Russia ceasefire that could result in the lifting of sanctions on Moscow’s crude exports, adding to a global supply glut and reducing Brent by USD 5/bbl. montelnews.com/news/746f90f...
The UK’s energy profits levy on North Sea oil and gas producers is expected to remain in place until its legislated end date of March 2030, the Office for Budget Responsibility (OBR), confirmed on Wednesday. montelnews.com/news/33eb2fb...
UK’s energy windfall tax set to remain in place until 2030
In a report on the government’s annual budget that was inexplicably published early in error by the independent fiscal watchdog, the OBR said the levy would continue raising revenue through the decade...
montelnews.com
November 26, 2025 at 3:47 PM
The UK’s energy profits levy on North Sea oil and gas producers is expected to remain in place until its legislated end date of March 2030, the Office for Budget Responsibility (OBR), confirmed on Wednesday. montelnews.com/news/33eb2fb...
European gas prices are seen relatively flat over the coming months, though lingering weather and supply side uncertainties could see potential spiking sharply in an extreme scenario, analysts told Montel in the first of a series of seasonal price forecast stories. montelnews.com/news/30041e3...
EU gas may still spike this winter on lingering risk – analysts
EU gas could still spike this winter despite flat forwards — weather, low storage and supply risks could trigger temporary surges to €50–60/MWh, analysts say.
montelnews.com
November 26, 2025 at 3:46 PM
European gas prices are seen relatively flat over the coming months, though lingering weather and supply side uncertainties could see potential spiking sharply in an extreme scenario, analysts told Montel in the first of a series of seasonal price forecast stories. montelnews.com/news/30041e3...
Italy’s revised government scheme offering discounted power prices to industrial users will ease their economic burden but shifts financial risk to renewable energy project developers, analysts have warned. montelnews.com/news/fd4185e...
Italy’s revised power scheme “shifts risk to developers”
Italy’s revised industrial power discount eases costs for users but shifts financial and operational risk onto renewable developers with strict clawbacks and SPV rules.
montelnews.com
November 26, 2025 at 12:57 PM
Italy’s revised government scheme offering discounted power prices to industrial users will ease their economic burden but shifts financial risk to renewable energy project developers, analysts have warned. montelnews.com/news/fd4185e...
Finland’s fast permitting and strong grid access has made it the fastest country in the Nordic region to build data centres, increasing investor interest, according to Fortum executive vice president Simon-Erik Ollus. montelnews.com/news/85a269d...
Finland leads Nordic data centre delivery times – Fortum
Finland leads the Nordics for data‑centre delivery times thanks to fast permitting, strong grid access and waste‑heat reuse potential, Fortum says.
montelnews.com
November 26, 2025 at 12:55 PM
Finland’s fast permitting and strong grid access has made it the fastest country in the Nordic region to build data centres, increasing investor interest, according to Fortum executive vice president Simon-Erik Ollus. montelnews.com/news/85a269d...
The European Commission is in US talks over methane rules as part of its USD 750bn energy imports deal, president Ursula von der Leyen told MEPs, despite their backlash to the deal. montelnews.com/news/ee82351...
EC in US talks for energy imports deal despite MEP backlash
EC in talks with the US on methane rules linked to the $750bn energy imports deal — von der Leyen says pact aims to secure low‑methane LNG despite MEP backlash.
montelnews.com
November 26, 2025 at 12:54 PM
The European Commission is in US talks over methane rules as part of its USD 750bn energy imports deal, president Ursula von der Leyen told MEPs, despite their backlash to the deal. montelnews.com/news/ee82351...
Italy and other southern European nations require more interconnections to reduce spiralling energy bills, with power prices “ten times” higher in the former than in the likes of France, analysts told Montel. montelnews.com/news/38ecc31...
More interconnections urged as Italian bills “10 times” France’s
Analysts urge more interconnectors to cut Italy’s sky‑high power bills — links to France and the Nordics could narrow price gaps and reduce renewables curtailment.
montelnews.com
November 26, 2025 at 12:53 PM
Italy and other southern European nations require more interconnections to reduce spiralling energy bills, with power prices “ten times” higher in the former than in the likes of France, analysts told Montel. montelnews.com/news/38ecc31...
Column of the Week: Flexibility fortunes? How Nordic investors can monetise batteries montelnews.com/news/c09d172...
Flexibility fortunes? How Nordic investors can monetise batteries
The Nordic region has long relied on hydropower as a natural battery. Reservoirs and run‑of‑river plants have balanced systems through decades of changing fuel mixes and growing variable renewables. B...
montelnews.com
November 26, 2025 at 8:43 AM
Column of the Week: Flexibility fortunes? How Nordic investors can monetise batteries montelnews.com/news/c09d172...
Finnish utility Fortum’s CEO expects a surplus of Nordic power supply to tighten in the coming decade, with an expected doubling in demand by 2040 making investments in new production and storage assets more attractive. montelnews.com/news/df45e6d...
Nordic power surplus to “melt away” as demand doubles – Fortum
Fortum warns Nordic power surplus will “melt away” as demand doubles to around 760 TWh by 2040 — boosting the case for renewables, storage and flexible capacity.
montelnews.com
November 25, 2025 at 3:25 PM
Finnish utility Fortum’s CEO expects a surplus of Nordic power supply to tighten in the coming decade, with an expected doubling in demand by 2040 making investments in new production and storage assets more attractive. montelnews.com/news/df45e6d...
Spain’s battery storage capacity could soar from under 100 MW currently to 7.2 GW in 2030, but developers faced a “challenge” in financing this infrastructure, consultancy Aurora Energy Research said on Tuesday. montelnews.com/news/b6e9421...
Spain battery capacity to rise 72-fold to 7.2 GW by 2030 – Aurora
Spain currently had a battery project pipeline of 34 GW, including either requested or granted grid connection permits, Javier Pamos, product lead at Aurora Energy Research, told a webinar on battery ...
montelnews.com
November 25, 2025 at 2:51 PM
Spain’s battery storage capacity could soar from under 100 MW currently to 7.2 GW in 2030, but developers faced a “challenge” in financing this infrastructure, consultancy Aurora Energy Research said on Tuesday. montelnews.com/news/b6e9421...
Europe’s flagship carbon price could reach EUR 100/t during the first quarter of next year – a surge of around 24% – as the market braces for supply deficits over the next two years, consultancy ICIS said on Tuesday. montelnews.com/news/b0b3ea9...
EUAs set to surge 24% to EUR 100/t by April – ICIS
ICIS: EUAs may hit €100/t by Q1 as 2026‑27 supply deficits trigger a structural repricing of the carbon market.
montelnews.com
November 25, 2025 at 2:49 PM
Europe’s flagship carbon price could reach EUR 100/t during the first quarter of next year – a surge of around 24% – as the market braces for supply deficits over the next two years, consultancy ICIS said on Tuesday. montelnews.com/news/b0b3ea9...
Flexibility tools such as storage and demand adjustments may help to moderate price spikes on Europe’s cross-border balancing power mechanism Picasso but national guidelines are preventing all TSOs from using them, said industry participants. montelnews.com/news/88b7dca...
TSOs underuse tools to curb Picasso price spikes – industry
TSOs underuse elastic demand and storage to curb Picasso balancing spikes — national rules, digital limits and scarce contracted reserves hinder flexibility.
montelnews.com
November 25, 2025 at 1:26 PM
Flexibility tools such as storage and demand adjustments may help to moderate price spikes on Europe’s cross-border balancing power mechanism Picasso but national guidelines are preventing all TSOs from using them, said industry participants. montelnews.com/news/88b7dca...
Qatar can afford to flex its muscles over EU climate rules affecting its LNG business as exports to Europe remain uneconomical and Red Sea shipping threats continue, observers have told Montel. montelnews.com/news/8fb23d0...
Qatar’s “dogmatic” stance over EU climate rules on LNG persists
Last month, Qatar’s energy minister Saad al-Kaabi reiterated threats that the emirate would cut supplies to Europe due to the EU’s corporate sustainability due diligence directive, which requires comp...
montelnews.com
November 25, 2025 at 12:36 PM
Qatar can afford to flex its muscles over EU climate rules affecting its LNG business as exports to Europe remain uneconomical and Red Sea shipping threats continue, observers have told Montel. montelnews.com/news/8fb23d0...
Germany’s government aims to hold the first tender in a scheme to create at least 8 GW of new gas-fired power plants in March or April next year, economy and energy minister Katherina Reiche said in Berlin late on Monday. montelnews.com/news/cb8b15a...
Germany to start 8 GW gas plant tenders by April – minister
Germany to launch first tender for 8 GW hydrogen‑ready gas plants in Mar/Apr 2026 — tender criteria due before Christmas and EU approval is pending, minister says.
montelnews.com
November 25, 2025 at 12:11 PM
Germany’s government aims to hold the first tender in a scheme to create at least 8 GW of new gas-fired power plants in March or April next year, economy and energy minister Katherina Reiche said in Berlin late on Monday. montelnews.com/news/cb8b15a...
A change in European policy focus from sustainability to security of supply means the continent will need Norwegian oil and gas for longer than expected, Equinor CEO Anders Opedal said on Tuesday. montelnews.com/news/8175c0a...
Security focus to prolong gas, oil era – Equinor CEO
Equinor CEO says EU shift from sustainability to security will prolong reliance on Norwegian oil and gas; Equinor plans NOK 60bn/yr investment to 2035.
montelnews.com
November 25, 2025 at 12:11 PM
A change in European policy focus from sustainability to security of supply means the continent will need Norwegian oil and gas for longer than expected, Equinor CEO Anders Opedal said on Tuesday. montelnews.com/news/8175c0a...
Acer will decide by February on changes to rules for assessing European power generation adequacy needed to enable fast-track approvals for national capacity remuneration mechanisms, the EU energy regulatory agency said on Monday. montelnews.com/news/38d6fd5...
Acer to decide on power adequacy rule changes by February
The European Commission requested this in its March report on how to streamline approvals for such mechanisms to safeguard power supplies. It also included a fast-track approval process under certain ...
montelnews.com
November 24, 2025 at 3:55 PM
Acer will decide by February on changes to rules for assessing European power generation adequacy needed to enable fast-track approvals for national capacity remuneration mechanisms, the EU energy regulatory agency said on Monday. montelnews.com/news/38d6fd5...
A government-commissioned review has concluded that the UK is now the most expensive place globally to build nuclear power plants, the Financial Times reported on Monday. montelnews.com/news/9aad839...
UK most expensive place to build nuclear reactors – report
The situation was blamed on layers of environmental, safety and bureaucratic procedures, which experts said in the review, carried out by the independent Nuclear Regulatory Task Force, had become conf...
montelnews.com
November 24, 2025 at 3:04 PM
A government-commissioned review has concluded that the UK is now the most expensive place globally to build nuclear power plants, the Financial Times reported on Monday. montelnews.com/news/9aad839...
A Finnish court has rejected an appeal raised by power grid operators over the country's new grid rules. montelnews.com/news/5845e72...
Finnish court rejects network operators’ appeal over grid rules
In a ruling late on Friday, the market court stated that operators failed to prove the new rules would jeopardise their financing or ability to operate and maintain the network as required by law. Nea...
montelnews.com
November 24, 2025 at 3:03 PM
A Finnish court has rejected an appeal raised by power grid operators over the country's new grid rules. montelnews.com/news/5845e72...
The latest monthly auction for gas supplies from the Balkans to Ukraine held on Monday attracted bids for 59% of capacity offered – almost double that of last month. montelnews.com/news/b2634f4...
Latest monthly Balkan-Ukraine auction sees gas volumes double
The auction for December supply, organised by the gas TSOs of Ukraine, Moldova, Romania, Bulgaria and Greece, offered 23.18 GWh/day (2.37mcm) of delivery capacity along the Trans-Balkan pipeline. Of t...
montelnews.com
November 24, 2025 at 3:02 PM
The latest monthly auction for gas supplies from the Balkans to Ukraine held on Monday attracted bids for 59% of capacity offered – almost double that of last month. montelnews.com/news/b2634f4...