Montel Weekly Montel News

The UK is reviewing a shift in how it prices electricity from a single wholesale market, with two locational alternatives under consideration: nodal or zonal. This week’s pod addresses the pros and cons of locational prices and whether they will help or hinder the UK’s quest for net-zero emissions.  
 
Host: Snjólfur Richard Sverrisson, Editor-in-Chief, Montel
 
Guests: Stephen Woodhouse,  Director Afry Management Consulting and Phil Hewitt, Director, Montel EnAppSys.

World climate negotiators will meet for UN-led talks in Dubai next week in attempt to slow warming that is exacerbating extreme weather from flooding to heatwaves to drought. Could COP28 provide impetus to Europe’s carbon market, where prices have dropped from a record high above EUR 101/t to a one year-low below EUR 75/t amid weak fundamentals and rising geopolitical risks. Listen to a discussion on the outlook for the EU’s key climate policy tool.
 
Host: Snjólfur Richard Sverrisson, Editor-in-Chief, Montel
 
Guests: Ingvild Sørhus, Lead Carbon Analyst, Veyt 

The BritNed cable has boosted power trading between the UK and the Netherlands. Listen to a discussion on post-Brexit trading, the impact of more prevalent negative prices and how the platform could set the standard for other interconnectors. Was the power link shackled or freed by the UK’s exit from the EU?
 
Host: Snjólfur Richard Sverrisson, Editor-in-Chief, Montel
Guests: Nils Teipel, Commercial Operations Manager, BritNed and Daniel Homoki-Farkas, Managing Director, Supercharge.

Debate has begun in Norway on the EU’s fourth energy package, that dates back to 2019. Listen to a discussion on the key elements of the legislation and why they are proving controversial. The perceived powers of the EU regulatory body Acer are of concern to many, but have they been misunderstood?
 
Host: Snjólfur Richard Sverrisson, Editor-in-Chief, Montel
 
Guests: Catherine Banet, Professor of Law, Head of Department of Energy and Resources Law, University of Oslo; Olav Vilnes, Editor Nordics, Montel. 

Corporate demand for guarantees of origin (GO) is hotting up and prices could soon be on the rise. Listen to a discussion on the growing importance of GOs not just for generators of electricity but also for a wider range of companies. Could the GO price become higher than the wholesale electricity price?
Host: Snjólfur Richard Sverrisson, Editor-in-Chief, Montel
Guest: Bruno Brunetti, Head of low-carbon electricity analytics, S&P Global Commodity Insights. 

What will be the impact of the Israel-Hamas conflict on an already jittery and volatile gas market? Listen to a discussion of the potential consequences of a cut to Egyptian gas exports amid lower supply from Israel and what the situation will have on plans for a regional gas hub. In addition, what is the possibility of a reduction in LNG supplies through the Suez Canal and the Strait of Hormuz should the war escalate?
Host: Snjólfur Richard Sverrisson, Editor-in-Chief, Montel
Guest: Agata Loskot-Strachota, Energy Policy Research Fellow, Bruegel.