Tag: Electricity

Electricity market data on smartphones and tablets

Now also for Android: ProCom app provides intraday electricity market data Aachen (Germany), September 22, 2017 – The ITA mobile app from ProCom is for everyone who wants to keep a constant eye on the intraday electricity market from their smartphone or tablet. The app provides an overview of prices and price trends for products traded on EPEX SPOT, including trade volumes for the market segments Germany, Austria, Switzerland, France, Belgium and the Netherlands. The ITA mobile app presents trading activities in chronological order and shows order books, market depth, and price trends of individual contracts. Users can also view... continue reading

Tynagh Energy of Ireland Selects ZE to Provide Smooth Entry into the Integrated Single Electricity Market

September 12, 2017, RICHMOND, B.C., Canada — ZE PowerGroup Inc. (“ZE”)is proud to announce today that it has been selected by Tynagh Energy Ltd., of Dublin, Ireland to deploy the award-winning ZEMA platform to ensure a smooth transition into the I-SEM (Integrated Single Electricity Market). ZEMA will play a pivotal role in Tynagh’s transition to the new wholesale electricity market (I-SEM) for Ireland and Nothern Ireland. ZEMA provides a streamlined data collection service to give users access to an unrivaled catalog of data sources and internal connectivity options. ZEMA will be hosted and managed in Microsoft’s Azure Cloud and also provide a scalable platform... continue reading

Australia faces heightened blackout risks next summer: electricity operator

MELBOURNE (Reuters) – Australia faces more blackouts over the coming southern hemisphere summer following the closure of a major coal-fired power station and even as the world’s biggest battery is in place, the nation’s energy market operator warned on Tuesday. The report will be key to the federal government’s decision on how to set a clean energy target beyond 2020 to encourage investment in stable and affordable power supplies. Electricity supply is so tight that a lack of wind to fuel renewable generation or the loss of a thermal power plant occurring at the same time there are increases in... continue reading

Electric cars seen dominating by 2040 as battery prices plunge

Electric cars will outsell fossil-fuel powered vehicles within two decades as battery prices plunge, turning the global auto industry upside down and signalling economic turmoil for oil-exporting countries. The Bloomberg New Energy Finance forecast says adoption of emission-free vehicles will happen more quickly than previously estimated because the cost of building cars is falling so fast. The seismic shift will see cars with a plug account for a third of the global auto fleet by 2040 and displace about 8mn bpd of oil production – more than the 7mn barrels Saudi Arabia exports today. “This is economics, pure and simple... continue reading

A European Power Market Designed to Deliver a Clean Future for European Citizens

Thirteen industry leaders and associations have launched “Make Power Clean,” a joint initiative to promote a European electricity market designed to deliver cleaner energy for all. The European Union’s electricity market must become more flexible, secure and sustainable to put Europe on track for the energy transition. Avoiding that State aid, in the form of capacity mechanisms, ends up incentivising the most polluting and less flexible power plants is central to meeting this goal. The new “Make Power Clean” initiative strongly supports the European Commission’s proposal for a carbon eligibility criterion in the Regulation on the Internal Market for Electricity:... continue reading

SOPTIM AG’s solution facilitates coordination of European transmission system operators

Aachen, 21.06.2017. Amprion GmbH and Swissgrid have commissioned SOPTIM to implement the ENTSO-E Verification Platform. In the future, continental European transmission system operators (TSOs) will coordinate cross-border electricity flow using this platform. The Verification Platform process is set to replace the previous coordination process in order to meet the requirements of a European energy market. In addition to gains in efficiency, SOPTIM’s solution provides a transparent view on of planned energy exchanges for all continental European (ENTSO-E Regional Group Continental Europe RG CE) TSOs. It ensures the provision of reliable data for grid planning and network calculations for the European... continue reading

European Electricity Sector gears up for the Energy Transition – A Statement by EURELECTRIC

The European electricity sector believes that achieving the decarbonisation objectives agreed in the Paris Agreement is essential to guarantee the long-term sustainability of the global economy. EURELECTRIC’s members are committed to delivering a carbon neutral power supply in Europe by 2050, and to ensuring a competitively priced and reliable electricity supply throughout the integrated European energy market. This commitment to decarbonise electricity generation, together with the electrification of key sectors, such as heating, cooling and transport, will make a major contribution to help Europe meet its climate change targets. Electricity is on track to becoming a carbon neutral energy carrier... continue reading

VERBUND USES AUTOTRADER FROM VISOTECH

New solution supports intraday trading. Vienna, January 20, 2017 – VERBUND Trading GmbH starts the automated intraday trading at the Epex Spot with the use of the autotrader from VisoTech. With the autotrader, VERBUND puts its intraday traders in a position to react even more quickly to the demands of the volatile market and thus to achieve optimal prices. In addition to the already existing timetable and power plant data management systems, a further functional area of ​​the Periotheus Suite from VisoTech is now being used. The volatility in the electricity intraday market has increased enormously in recent years and... continue reading

Bulgaria, Macedonia discuss coupling of day-ahead power markets

SOFIA (Bulgaria), January 19 – The Independent Bulgarian Energy Exchange (IBEX) said it is discussing with representatives of the Electricity Transmission System Operator of Macedonia, MEPSO, and the Macedonian regulator the possibility of coupling the two countries’ day-ahead power markets. “If an agreement is reached regarding common steps and priorities in this area, a memorandum of cooperation should be signed,” IBEX told SeeNews in an email. Generally, prices on coupled markets reflect as closely as possible aggregate power supply and demand on the day-ahead markets of two adjacent market areas, IBEX noted. Prices of power supplies per hour on coupled... continue reading

Up go the holiday lights, up goes the electric power demand

We all know the scene in the National Lampoon’s Christmas Vacation movie where the switch is finally flipped on and Clark W. Griswold’s 250 strands of bulbs burst into light causing a rolling blackout. Following Griswold’s calamity is a scene where a hand switches on the “auxillary” power plant which brings the city’s lights back to normal. While the scenario of one house draining a city’s power is Hollywood shenanigans, holiday lighting does add a significant additional level of electricity demand during the start of winter when cold weather is already driving up load. In New York alone, holiday lighting... continue reading

All the Cards on the Table regarding Gas-Electric Harmonization

All the Cards on the Table regarding Gas-Electric Harmonization The gas industry, through the North American Energy Standards Board (NAESB) has been working on changes to the confirmations and scheduling process since mid-2015. This issue has become a conflict of FERC direction, NAESB scope, electric generators, pipelines serving electric generators, and multiple industry participants, all in the name of progress. The FERC has been working on issues related to Gas-Electric Harmonization since 2012.  In 2015, the FERC issued Order 809 after NAESB had increased the number of nomination cycles in a day from four to five available cycles, as a... continue reading

Record low solar power prices point to new future for the Middle East

The Abu Dhabi Water and Electricity Authority confirmed in September that it had received the lowest bids ever for solar power. Five bids were made into ADWEA’s 350-MW tender, the lowest coming from Japan’s Marubeni Corp and China’s JinkoSolar Holding Co. at just dirhams 88.8/MWh ($24.0/MWh). A year ago even the highest bid at $36.1/MWh would have looked cheap. According to reports, Marubeni and JinkoSolar have also proposed construction of 1,170 MW of solar capacity, from which they will sell electricity at just $23.0/MWh. In June, Dubai saw offers for 800 MW of solar capacity for the third phase of... continue reading

Electricity customers’ service restored in Tallahassee after Hurricane Hermine

Many electric customers lost service as Hurricane Hermine made landfall in Florida and moved over portions of several southern states in early September. Electricity use in the city of Tallahassee, Florida dropped rapidly in the hours after the hurricane’s landfall around midnight on September 2, falling to less than 20% of forecast normal hourly demand. Service was not back to near normal levels until at least three days later.... continue reading

SOPTIM develops all-in-one solution for intraday trading

Intraday power trading is becoming increasingly important as more and more volume is traded in the short term. This is due to the ever-increasing share of production of renewable energies, which are easier to precisely forecast just before delivery than in the Day-Ahead Process. Every fifteen minutes, intraday traders have to process new forecasts, optimize the portfolio on both the purchasing and sales sides on a revolving basis, and keep diverse communication processes under control. Conventional commercial software, in which large amounts of data are often moved, is too slow. That’s why SOPTIM AG has developed SOPTIM iTrade: a solution... continue reading

Electricity generation from renewable sources expected to grow 9% this year

Electricity generated from utility-scale renewable plants is expected to grow by 9% in 2016, based on projections in the latest Short-Term Energy Outlook. Much of the growth comes from new installations of wind and solar plants and increases in hydroelectric generation after a relatively dry 2015. In 2016, electricity from utility-scale renewable sources is expected to account for 14% of the total electricity generated in the United States, with wind and solar contributing 5.2% and 0.8%, respectively.... continue reading

REMIT Reporting – Are you ready for April 7?

REMIT reporting of trades executed on Organised Market Places (OMP) started on October 7, 2015. All other trades, i.e. bilateral trades, need to be reported from April 7, 2016. While the October deadline was largely covered by the OMPs or other services to carry out the reporting on behalf of the market participant, the April deadline is more complex and requires implementation of the right system solution to meet this challenge best. Pioneer Solutions’ REMIT module is ready to support your Standard- and Non-Standard Contract reporting as well as Electricity and Gas Transportation Contracts. Are you ready for April 7?... continue reading