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Coming from the heart of the Montel newsroom, Editor-in-Chief, Snjolfur Richard Sverrisson and his team of journalists explore the news headlines in the energy sector, bringing you in depth analysis of the industry’s leading stories each week. Richard speaks to experts, analysts, regulators, and senior business leaders to the examine not just the what, but the why behind the decisions directing the markets and shaping the global transition to a green economy. New episodes are available every ...
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Norway’s energy sector is at the centre of a dramatic political storm. With an election looming in September, Finance minister Trygve Slagsvold Vedum pulled his Centre Party out of the government, warning of greater dependence on what he calls Europe’s “dysfunctional” electricity market. But political uncertainty is not the only challenge — Norway …
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In his first hours back in office, US president Donald Trump issued a series of sweeping executive orders designed to prioritise fossil fuels, dismantle environmental policies and expand American energy dominance. From withdrawing from the Paris agreement to resuming LNG export permits and halting offshore wind projects, Trump’s agenda marks a dram…
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The recent damage to the Estlink 2 electricity cable running between Finland and Estonia has highlighted the precarious nature of power supply amid increased fears of a hybrid war with Russia. Finnish police are investigating whether a ship with links to Russia was involved in sabotage, with the cable – set to be offline for months for repairs – th…
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Germany’s energy sector is at a pivotal moment, with political shifts, economic challenges, and the energy transition shaping its future. This week on the Montel Weekly Podcast, Katharina Johannsen, Montel’s Berlin reporter, and Tobias Federico, senior analyst at Montel Analytics, join us to discuss key issues ahead of Germany’s February election. …
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2024 was a year of seismic shifts in the energy sector, marked by challenges, breakthroughs, and critical debates. From Italy’s energy transition hurdles to Germany’s hydrogen shake-ups and the UK’s evolving gas market, we’ve seen how global events and regional policies shape the energy landscape. In this special episode, Montel editors – Laurence …
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2025 is set to be a year of continuing geopolitical turmoil. Donald Trump’s return to the White House will raise the temperature further at a time of major instability in the Middle East along with Russia-Ukraine. Questions remain over where Europe’s gas will come from and a key European power-player, Germany, faces fresh elections in February. In …
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Poland’s energy sector is undergoing a critical, if slow, transition after the election of Donald Tusk as prime minister exactly one year ago. Coal still dominates the mix despite a greater use of gas and a growth in renewables. Grid modernisation and energy security have taken centre stage. Significant challenges include high energy costs, particu…
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This week, the Tony Blair Institute for Global Change released a report declaring, “a new nuclear age is beginning,” arguing that nuclear power is critical in meeting global climate goals. But how is this renaissance different from earlier proclamations of an atomic revival? In this episode, Richard talks with report co-author Tone Langengen about …
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In October, the Nordic power market introduced a new calculation method for cross-zonal capacity to improve Nordic grid utilisation. However, so-called flow-based market coupling, in place for almost a decade in continental Europe, has received a rocky reception in the north. Particularly amongst policy makers and small companies. So, what exactly …
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Global leaders at COP29 were under a huge amount of pressure going into talks this week following the UN Secretary General public voicing his concerns over the state of negotiations. Criticisms of this year’s talks and the huge scale event that COP has become in recent years begs the question: is COP too big, and does it need reforming? We also dis…
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At the start of November, the Swedish government announced that it was vetoing plans for 13 offshore wind farms in the Baltic Sea due to security concerns. The announcement was met with much criticism from developers and lobby groups who felt blindsided by the cancellations and concerned about what this decision suggests about Sweden’s future energ…
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It has been a big week for global politics. On the same day that the United States voted Donald Trump as their 47th President, the German coalition government broke down after a budget row over cutting energy costs to companies and financial support for Ukraine. In this episode, Richard explores what this new US administration will mean for energy …
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This week, the UK Chancellor Rachel Reeves delivered her budget – the first from a Labour government in 14 years. Whilst there were no big surprises for the energy sector, the budget still raised some interesting questions about the challenges in the UK when it comes to channeling private investment, and how effective the funding is going to be. In…
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It is over a year since Hamas attacked Israel, which triggered a wider conflict in the Middle East; the territory that produces around a third of the world’s oil. And much of its gas. Yet, despite the escalating military attacks and rising geopolitical tensions, the price of oil has not increased as significantly as some experts assumed, especially…
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The last two years of the conflict in Ukraine, and the rise in malicious cyberattacks, has raised concerns security risks over Europe’s plans to be more self-sustainable in energy supply. Now, as countries across Europe roll out their plans for further decarbonisation and electrification, the security of these plans has come into question, pushing …
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It's clear for many that Europe needs to ramp up battery energy storage capacity over the next decade to help decarbonise the economy. But where does this leave battery developers and manufacturers who must navigate the complex markets and battle against negative pricing? In this episode, Richard speaks to Neoen’s MD of Sweden about the largest bat…
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This week marked a historic milestone for the UK as it shut down the last remaining coal-fired power station in Ratcliffe-on-Soar, Nottinghamshire. Once the backbone of the country’s energy supply, coal has been an essential part of the energy mix for over a century. In this bonus episode, Richard speaks to Matthew Scrimshaw, CCO of Montel, who sha…
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In September, the growing uncertainty surrounding the hydrogen economy brought new projects from producers like Shell and Equinor to a halt. Is this the start of a wave of hydrogen project cancellations that we are about to see in Europe? Has H2 passed peak hype? Richard speaks to Montel’s Environmental Markets Reporter and the Hydrogen Science Coa…
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Europe’s gas supplies are plentiful. Some in the industry are relaxed ahead of the coming winter, but with the rising military escalation in the Middle East and Eastern Europe, and the global market apprehensively awaiting November’s US Election, this positive sentiment might be about to change. In this week’s episode, we speak to hedge fund Svella…
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This week, the President of the European Commission, Ursula von der Leyen, unveiled her team of new commissioners and set out their priorities for the next five years. Amongst her new team are some key, experienced players for energy and climate, whose home countries are already avid supporters of the EU’s plans to decarbonise its economy. Does thi…
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Harmonisation and international standardisation; those were the words that were often heard this week when analysts, traders, and energy producers came together to discuss the challenges facing the guarantees of origin market at the GO Conference in Reykjavík this week. The GO market is a driver for investment in renewable energy production pipelin…
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The global power system is changing. Carbon emissions are declining. The green transition is in full flow. This is good news for the planet, but what do the next few years on this journey to 2030 look like for carbon prices? In this episode, we talk about the impact of impending EU regulations that businesses are bracing themselves for. With supply…
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A Montel News investigation has aired claims of insider trading in Germany’s power market. Signals received by some to help balance the grid are allegedly being used to front-run prices for same-day delivery. We’ve spoken to traders who claim this is an open secret worth millions of euros. Listen to a discussion with the reporter who broke the stor…
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The guarantees of origin (GO) market is complex and opaque. Listen to a discussion that unpicks the complexity, simplifies the jargon and lays bare the controversies in the market. With big tech looking to source more and more green energy, how can the market – projected to be worth EUR 4bn by 2030 – increase its credibility and boost liquidity? An…
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Germany plans to massively increase imports of hydrogen and its derivative products such as ammonia and methanol over the next five years but are the targets unrealistic and how green is the fuel? Listen to a discussion on what “hydrogen ready” could mean for infrastructure such as pipelines and power plants, the immense costs involved and the time…
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Cuts to French electricity exports began earlier this year and will continue into the autumn. Listen to a discussion on why grid operator RTE impose the export limits and the reaction from inside France and the wider market? The TSO said the cuts are likely to continue into the autumn amid ample supply from renewables and nuclear and dwindling dema…
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As voters across the UK go to the polls, we take the pulse of the ways a potential Labour government could change the energy landscape. Kier Starmer is committed to a clean power system by 2030, rather than maxing out gas and oil output. Whilst the right-wing Reform looks set to opt for a “burn baby, burn” policy, what are Labours other plans. List…
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As Europe’s power system becomes ever more decentralised, electricity consumption patterns will need to change, and change fast. Huge daily and within-day price differences will mean ever bigger prices differences for when we choose to do our laundry, charge the car or put on the oven to make apple pie. Listen to a discussion with Michiel Lensink a…
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Even for the best power projects, gaining electricity access from grid operators is far from straightforward. Amid an every lengthening queue of applications, how do TSOs decide what projects to approve and which to reject? Is it a choice between electricity hungry data centres generating Tik-Tok videos or AI servers? Listen to a discussion with Ma…
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As 373m Europeans head to the polls – we ask one simple question. Will the rise of the far right across the EU endanger the energy transition? Pollsters are warning a swing right – and left – will fragment the European Parliament and could paralyse decision making. So, will the hard-fought parliamentary consensus for the green shift become fragile …
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The green transition will not succeed unless industrial sectors also manage to decarbonise production processes. Sweden has experienced problems with long-term power purchase deals, with many companies facing a very tough financial environment amid price volatility and oversupply. Listen to a discussion on the lessons learnt for Europe and one comp…
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Global geopolitical tensions are growing amid a creeping escalation of the conflicts in the Middle-East and in Ukraine. Listen to a discussion on the dangers to global security and energy supply as very few countries seek to de-escalate conflict zones. This week’s pod also touches on the upcoming EU elections and positive signs in Germany as power …
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What a difference a couple of years makes. As France returns to a position of net power exporter, it appears to have moved on from the supply woes of 2022. But booming solar generation, a plethora of negative prices in France and its neighbours have weighed on wholesale electricity prices and raised doubts about the financing of new nuclear plants …
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Europe is the frontrunner in the global renewables boom, as wind and solar have become the fastest growing electricity sources in history. Listen to a discussion on why the massive growth in capacity is set to continue this year, while coal and gas generation set to fall further. However, there are headwinds. Curtailments and public acceptance are …
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European carbon prices have rebounded from two-year lows in February to trade around EUR 70/t. One of the main drivers for the CO2 market has so far been gas. Listen to a discussion with Ingvild Sorhus from Veytabout the other drivers influencing prices and why a return to EUR 100/t is possible as a shortage looms from 2026. Host: Snjólfur Richard …
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The global gas market faces turmoil and increased price volatility should Donald Trump return to the white house. Listen to a discussion why a Trump victory in November will be “like dropping a hand grenade on the energy markets”, the implications of Russia’s attacks on Ukrainian gas infrastructure and Putin’s shadow fleet of LNG vessels. And will …
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EU regulatory agency Acer is taking on new tasks and challenges. Listen to a discussion on the complexities of supervising increasingly automated and interconnected markets, the expansion of the Remit framework, the regulatory body’s new investigatory powers and how it handles huge amounts of data. In addition, what plans does Acer have to improve …
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The EU's carbon border adjustment mechanism (CBAM) is intended to address the issue of carbon leakage - preventing companies moving to jurisdictions with less stringent emissions rules - and to keep industrial sectors in the EU competitive by charging a carbon levy at its borders. But the inclusion of electricity could trigger several unintended co…
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After record low nuclear output in 2022, France has again become a powerhouse of atomic generation. So much so, that it is again Europe’s largest electricity exporter. Wholesale market prices in the country have tumbled amid ample supply, weak demand and high renewables, primarily solar, generation. Listen to a discussion on the outlook ahead of th…
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Europe may have weathered the worst of the storms of the covid pandemic and the energy crisis, but the continent’s gas market remains fragile. In this episode, we talk to the CEO of gas transit operator Snam and one of Italy’s most respected energy experts about the role gas will play for the country as it looks to wean itself off Russian gas. Ital…
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The pan-EU balancing mechanism Picasso has caused price turbulence after its introduction in some markets, notably Italy. The country has since exited the platform and other countries have delayed implementation to the mandatory system. Listen to a discussion on the problems experienced by Italy and proposals put forward to change the platform and …
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EU regulatory body Acer has proposed several changes to the framework of forward markets and cross-border trading, aimed at boosting power market liquidity. Listen to a discussion on virtual hubs, financial transmission rights or “spread futures” and why the Nordic model may not be the best example to follow. And, would dividing the German power zo…
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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 i…
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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, Ed…
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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 - o…
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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 G…
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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 t…
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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 Stra…
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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 discussi…
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