How to read a power forward curve and what it signals about future prices
A power forward curve reflects the market's present expectations of supply, demand and fuel costs for future delivery, plus the risk premium
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What are small modular reactors? A beginner’s guide to SMRs
A small modular reactor is a nuclear plant built in a factory and assembled on site, rather than constructed piece by piece as a one-off project. The idea
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What are negative power prices? Why they happen and who benefits
Negative power prices happen when there is more electricity on the grid than people need, so producers end up paying buyers to take it, and this guide
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What is energy security? How geopolitical risk reshapes power and gas prices
Energy security is a country's ability to keep reliable, affordable energy flowing, and when geopolitical events threaten that supply, power and gas
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Reading LNG cargo pricing against pipeline gas benchmarks like TTF and NBP
LNG cargoes delivered into Europe are commonly priced against the TTF or NBP gas hubs, so knowing how these benchmarks relate to each other helps buyers and
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What is the merit order, and how are power prices set?
Almost every power price movement comes back to the same mechanism: the merit order, the ranking that decides which plant runs and which one sets the price
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What are day-ahead, intraday and balancing markets? A simple guide to power trading
Europe's electricity system runs on three connected markets, day-ahead, intraday and balancing, that let traders and grid operators keep supply and
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LNG and European power prices: how global gas markets shape electricity trading
Throughout most of its history, European electricity trading was primarily a regional activity. Prices fluctuated based on weather conditions, plant
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Sanctions, infrastructure disruption and electricity markets: pricing geopolitical risk
Most geopolitical risks are gradual. Tensions build, relationships deteriorate and markets adjust incrementally. Sanctions and infrastructure disruption are