Current: Pricing announcements for September

Natural gas prices in the Dutch “hub” TTF may have registered relatively lower on Friday, by 1.13% to close at €36.41/MWh, but on a monthly basis they are “running” with demand up 35%.

Price level already highest in months, amid power outages around the world. In particular, though, Europe’s natural gas storage facilities are significantly fuller than usual for this time of year Rumors, reports or even disruptions in supply and increases in demand create volatility. At the same time, analysts and market participants closely monitor the weather forecast for the coming period to assess future consumption and, accordingly, prices.

Thus, emergencies and movements that are likely to hinder supply affect the indices, such as for example, which increases concerns about the possibility of labor strikes in some factories in Australia.

Germany

Also, it is characteristic that the The German government expects natural gas prices to remain high until at least 2027, underlining the need for additional emergency measures, according to a cabinet report approved last week. Futures prices at the end of June indicated that there could be an increase in wholesale purchases to around 50 euros per MWh in the coming months, according to an analysis by the Economy Ministry.

footprint in the stream

This “small spike” of prices, and the uncertainty, which is recorded internationally as to their trajectory, in light of winter, but also the estimates for the trajectory of the weather that fuels demand accordingly, is worrying electricity suppliers, who On Sunday 20th August they announced September prices.

Indeed, gas prices recorded in recent weeks are expected to increase To raise wholesale prices for Septemberwhich, as has been emphasized, must be taken into account, since even if in many cases the ‘RES factor’ acts as a ‘curb’ on the rise, yet its role cannot be precisely predicted.

Although, based on estimates Some companies are expected to raise prices Others seem reluctant to make increases as they try to grab a share in a changing market that has entered the path of consolidation. It should be noted that for the third month in a row, PPC kept its base tariff (C1 household) unchanged for the month of August. In the total market, of course, prices per kilowatt-hour were about 50% cheaper than, for example, the Natural Gas Hellenic Energy Company, which had the lowest cost for months, Elpedison or IRON, or Protergia. Of course, other “players” have similar fees with PPC.

Wholesale

On a monthly basis, however, according to the relevant RAAEF map, the wholesale price Just over 93 EUR/MWh. Recall that the average price in the market of the next day for June in Greece was at 91.49 EUR/MWh and rose to 112.68 EUR/MWh in July. It is noteworthy that the high temperatures for the month of July did not encourage the participation of renewable sources in the electricity generation mix, while imports were boosted to cover the growing needs. Thus, RES participation in June was 33.58% and decreased to 26.94% in July. Conversely, imports increased from 14.31% in June to 17.77% in July.

The participation of natural gas in the electricity generation mix was also high, reaching 35.31% in June and 37.27% in July. On the contrary, the lignite production share was kept at low levels, i.e. 5.58% in June and 6.47% in July. In August, however, the share of renewables increased due to winds, with a parallel decline in the role of natural gas on some days.

It is typical that for Monday 8/14, RES accounted for 46.15%, followed by natural gas at 22.71% and then imports at 12.44%, hydropower at 7.74% and lignite at 5.95%. However, at the end of last week, due to the decline in demand, but also the absolute dominance of RES, prices fell to one of the lowest points of the year.

Specifically, on Sunday August 13, the price of electricity dropped to 53.30€/MWh, while for about 5 hours from 10am until around 3pm, the lowest price was zero and the highest was at 120€. / MWh.

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