Iceland GO ban stirs market

Norway installed the least amount of renewables in the Nordic region last year. Ahead of the country’s first ever offshore wind auction, we talk to former energy minister Åslaug Haga about the outlook for new green energy in terms of meeting growing demand. Listen to a discussion on the ways in which country should speed up capacity build and why it is important to avoid the “ketchup effect”.

Host: Snjólfur Richard Sverrisson, Editor-in-Chief, Montel
Guest: Åslaug Haga, Director, Renewables Norway.

European power purchase agreements (PPAs) look set for another bumper year with potential volume of 20 GW. However, there is some market hesitancy amid economic headwinds and flagging wholesale electricity prices. There is also a good chance for Germany to knock Spain off the top spot for PPA growth. Listen in!

Host: Snjólfur Richard Sverrisson, Editor-in-Chief, Montel

Guest: Luca Pedretti, Pexapark 

Over the past decade, Germany has experienced serious energy shocks – many of which were of its own making. For instance, the over-reliance on Russian gas and exiting coal and nuclear power at the same time. However, it has also provided solutions on a remarkable scale. Listen to a discussion  - recorded live at the E-World trade fair in Germany - on how the country dealt with its energy crisis, and the positive progress made since 2022. But how can it speed up investments into the grid as well as into renewables?

Host: Snjólfur Richard Sverrisson, Editor-in-Chief, Montel

Guests: Tobias Federico, Managing Director, Energy Brainpool, a Montel Group company;
Hanns Koenig, Managing Director, Central Europe, Aurora Energy Research; 
Henning Gloystein, Director for Energy, Climate and Resources, Eurasia Group

European Guarantee of Origin prices have slumped to near 15-month lows amid oversupply and faltering auctions. Listen to a discussion on the measures policy makers need to adopt to boost both transparency and liquidity in this opaque market. Will prices ever reach the highs of 2022 again?

Host: Snjólfur Richard Sverrisson, Editor-in-Chief, Montel
Guest: Daniel Arnesson, Manager, Renewable Power Analysis

The prospect of Trump returning to the White House could shake up the global gas market already on edge from rising tensions in the Middle East. Listen to a discussion about how Trump could reverse President Biden’s pause to LNG projects. Also, the pod highlights why Chinese and German gas demand is returning close to pre-pandemic levels and what this means for imports to Europe as it continues to shun Russian supply.

Host: Snjólfur Richard Sverrisson, Editor-in-Chief, Montel
Guest: Nadia Martin Wiggen, Director, Svelland Capital. 

Are oil and gas markets too complacent about the current geopolitical risks in the Middle East, which accounts for around one third of global seaborne oil trade? Saul Kavonic, senior research analyst at MST Financial thinks so. In this week's pod, he explains how an escalation of tensions beyond the Hamas-Irael war could see the closure of the Strait of Hormuz and propel oil and LNG prices to USD 200/bbl and USD 100/MMbtu respectively – dwarfing the peaks during the 2022 energy crisis.

Host: Snjólfur Richard Sverrisson, Editor-in-Chief, Montel
 Guest: Saul Kavonic, Senior Research Analyst, MST Financial. 

For the first time in 17 years, Germany became a net electricity importer in 2023, largely due to expensive fossil fuels which meant power from its neighbours was cheaper than that domestically generated. Carbon emissions in the country also plummeted but is the drop permanent as the country looks to transform its power system? Listen to a discussion on the choices facing Germany and the pros and cons of splitting its single power market zone.

Host: Snjólfur Richard Sverrisson, Editor-in-Chief, Montel

Guest: Fabian Huneke, Project Lead Energy Transition, Agora Energiewend

Europe’s net-zero targets for 2050 are ambitious, but the roll-out of renewable energy will not be successful without a significant boost to flexibility in power markets. Listen to a discussion on the prospects for batteries, both giga and household, in the energy transition and where the hotspots are in Europe. Could new technology such as sodium-ion be a game changer for energy storage?

Host: Snjólfur Richard Sverrisson, Editor-in-Chief, Montel

Guest: Sam Ebohon, Director Flexibility, Baringa Partners

Cross-border electricity cables are controversial. For some they provide supply security while others believe they increase prices in markets used to low energy costs. Listen to a discussion on the impact the power links had amid a period of extremely cold weather in the Nordic region. In addition, what is the outlook for wholesale prices in the coming weeks and months – could Finland see a return of EUR 800/MWh?

Host: Snjólfur Richard Sverrisson, Editor-in-Chief, Montel

Guest: Sigbjørn Seland, Chief Analyst, Storm GEO; Odd Gunnar Jakobsen, Analyst, Volt Power Analytics.

Germany faces a freeze on many counts over the coming weeks. Firstly, a cold snap is likely to send power prices spiralling. In addition, a budget freeze could hamper the country’s plans to meet its decarbonisation targets after a court ruled the EUR 60bn earmarked for its green transition was illegal. How will Europe’s largest energy consumer afford to keep the lights on?

Host: Richard Sverrisson, Editor-in-Chief, Montel
Guests: Tobias Federico, Managing Director, Energy Brainpool