IAEE Exec. V.President 2024 - Professor Florence School of Regulation - IAEE Award 2018 for ‘Outstanding contributions to Energy Economics’
Mar 8, 2023 • 4 tweets • 1 min read
From @FT
Draft measures by EU Commission stop short of widescale overhaul of EU electricity market
Core is countries’ support to long-term “power purchase agreements” by offering financial guarantees so that smaller companies can buy into such contracts. on.ft.com/3ZpPbty2. It has also set out draft measures that allow grid operators to encourage cuts to consumption at peak times and requirements for EU capitals to set demand reduction and electricity storage targets.
Jan 7, 2023 • 4 tweets • 1 min read
Notre pays consomme de l’électricité sans drame, dans une crise XXL, malgré la panne de notre nucléaire, parce que nos voisins (Allemagne, Belgique, Espagne) ne chipotent pas & envoient tout ce que nous demandons
Le ‘grand public’ ne le sait pas
Est-ce une preuve que c’est faux?
1. Europe responded to lower Russian gas imports of some 80bn cubic metres year on year by ferreting out 65 bcm of extra LNG. on.ft.com/3X6SPXF2. Meanwhile, European gas demand (including Turkey and the UK) dropped by a record 70 bcm to below 500 bcm, according to the IEA’s Gergely Molnar.
That was due to more renewables, curtailments, fuel switching and the weather.
8 months after Russian invasion of Ukraine, EU remains woefully divided on energy-policy response.
At latest summit, October 20-21, leaders spent hours arguing with each other. project-syndicate.org/commentary/eur…2. In the end, they issued a communiqué acknowledging that “in face of Russia’s weaponization of energy, EU will remain united to protect its citizens & businesses and take necessary measures as a matter of urgency.”
In richer nations, Russia’s invasion of Ukraine & risk of recession has thrown efforts to shift away from fossil fuels into reverse.
Some climate finance is also heading in the wrong direction. on.ft.com/3U1ZJww2. Cross-border climate investments that boomed in 2021 are now on track to decline.
Blended finance deals that use public funds to make green investments more attractive to private investors have nosedived.
As support for shareholder climate resolutions at oil groups BP & Shell.
Oct 29, 2022 • 6 tweets • 2 min read
Is Europe suddenly winning the gas war with Russia?
Prices dropped 65% since August peak
Storage caverns are filled
Even seaborne LNG tankers are now so plentiful there are traffic jams forming outside European terminals as they wait to unload.
on.ft.com/3DkEZsx2. Most traders will cautiously concede that Europe’s fortunes have improved.
But a heavy note of caution still hangs in the air. Daring to believe that the energy crisis has somehow been resolved is dangerous given the scale of the remaining challenge.
Oct 29, 2022 • 5 tweets • 1 min read
Li Qiang, Xi’s right-hand man
Li Qiang emerged from Chinese Communist party’s historic 20th congress as its 2nd-highest ranking official.
Li Qiang’s appointment to the premiership — will be rubber-stamped in March.
on.ft.com/3sMswc52. Viggest question about Li Qiang, 63, is whether he will now merely aid & abet Xi’s instincts & instructions, which have crushed the animal spirits of world 2nd-largest economy…
Oct 21, 2022 • 4 tweets • 1 min read
German chancellor Scholz dropped his opposition to EU gas price cap
after late-night summit talks.
EU leaders now prepared to endorse further work towards a gas price cap — although with heavy caveats aimed at easing Berlin’s fears.
on.ft.com/3TjOf6X2. According to draft text of summit conclusions hammered out over 11 hours of talks, leaders are requesting that Brussels “urgently” work on an emergency gas price cap that would be triggered if prices became “excessive”.
European gas: low prices do not spell the end of the crisis on.ft.com/3MLubrR3. OECD Europe quarterly gas demand change
Oct 20, 2022 • 4 tweets • 1 min read
EU leaders expected to clash over gas price caps via @FT
Commission’s ideas, as boosting joint purchases of gas & improving cross-border energy solidarity, have landed pretty well in EU
But on imposing caps on energy prices, we have rancour & discord. ft.com/content/f15bad…2. A number of northern EU countries, notably Germany, remain sceptical about the idea, in part because of fears it could increase consumption when the bloc needs to preserve supplies.
Oct 18, 2022 • 5 tweets • 2 min read
From VP Commission @TimmermansEU about current energy crisis
‘’There are no easy answers to complex situations. We are now taking a whole series of measures which, a few months ago, would have been completely unthinkable.’’
lesechos.fr/monde/europe/l…2. ‘’We must guarantee that our citizens and businesses can get through the next 2 or 3 winters.
I say 3 winters because it will take about 3 years for enough houses to be insulated, heat pumps and solar panels installed, wind capacity put in place, etc.’’
Oct 2, 2022 • 4 tweets • 2 min read
Storm, or perfect storm?
EU prepared, or unprepared, for winter?
One can get colder winter with less wind & rain than usual, according to European weather forecasting agency
adding to challenges for governments trying to solve continent’s energy crisis. on.ft.com/3RpWsVr2. More on European climate & meteo forecasts?
Look at ECMWF..
