As gas is increasingly becoming a main stay in the overall energy equation the need for vital and accurate information on gas use and markets in SE Europe is of paramount importance. Hence, it was decided by IENE’s management team to expand the current,weekly, newsletter on electricity markets so as to include gas. Efforts to include reporting on gas commenced in late February but it was only on last Wednesday that the preparation of a proper issue became possible.As gas is increasingly becoming a main stay in the overall energy equation the need for vital and accurate information on gas use and markets in SE Europe is of paramount importance. Hence, it was decided by IENE’s management team to expand the current,weekly, newsletter on electricity markets so as to include gas. Efforts to include reporting on gas commenced in late February but it was only on last Wednesday that the preparation of a proper issue became possible.
The first combined “SEE Electricity & Gas Markets Analysis” was completed and send to members last Wednesday, March 16. In the electricity area the issue contains a commentary and hard data on the progress of spot electricity prices and then goes on to throw some light on the electricity demand situation in SE Europe. Power generation from renewables and hydro form two basic parts of the analysis as their variable nature obliges the rest of the system to follow them and predict production gaps which need to be covered through electricity production from conventional sources(coal,lignite,gas,nuclear). As usual the electricity analysis is completed by a round up concerning cross border electricity trade.
The part on gas is not as refined and complete in terms of content as that of electricity but includes crucial information on gas prices and future gas contracts as these are quoted in various European gas trading platforms such as TTF in Holland and at the THE in Germany. In view of the latest actions taken by the European Commission as announced in the REPowerEU initiative, in order to lessen the dependence of European gas suppliers from imported Russian gas, the current newsletter throws some light on what this might mean for the European gas market. In the next issues of this weekly SEE Energy Market Analysis every effort will be made by the IENE in-house team to research, compile and edit useful information on the regional gas market and latest developments.
