Shows
Plugged In: the energy news podcastGas power gamesAs Europe eyes an end to Russian gas imports by 2027, fresh geopolitical tensions are reshaping energy markets once again. Could Trump’s mediation efforts result in a ceasefire in the Ukraine and could Russian gas re-enter Europe—directly or via shadow routes?In this week’s episode, Richard speaks to two policy experts about what peace versus a ceasefire could really mean for gas prices, energy security, and the green transition. How do emerging interdependencies with the US, Qatar, and Africa shift Europe’s leverage—and what happens when offshore wind, solar, and LNG become pawns in great powe...2025-05-2231 min
Plugged In: the energy news podcastCBAM uncertainty hits commodity tradingIn recent months, the European Commission has published what it describes as “simplified rules” of the carbon border adjustment mechanism (CBAM), but is the policy still unclear and too complicated for energy and metals traders?In this episode, Richard talks to experts about the CBAM, and why some commodity trading firms are holding off - despite the official January 2026 start date. Could some be at risk of ceasing trading temporarily?Host: Richard Sverrisson - Editor-in-Chief, Montel NewsContributor: Gabriel Power - UK Power Reporter, Montel NewsGuests:Dan Maleski - Senior Envir...2025-05-1634 min
Plugged In: the energy news podcastIberia’s blackout: a wake up call?Since parts of Spain, Portugal, and France temporarily lost power on Monday 28th April, TSOs and policy makers across Europe have been quick to try and assess how much their own networks are at risk of a similar blackout.Whilst we await conclusions from Entso-e’s investigations as to the cause of the outage, in this week’s episode Richard speaks to the Secretary General of Eurelectric and Rystad Energy about what this incident tells us about the reliability of Europe’s grid and our increasing dependency on electricity. What does the outage tell us about the need f...2025-05-0934 min
Plugged In: the energy news podcastGermany split over bidding zone divisionAfter a long delay, European TSOs finally released their bidding zone review this week. The report was met with much backlash from Germany’s government and industry leaders strongly opposed to the proposal to split its zone into five.In this week’s podcast episode Richard speaks to commentators for and against dividing Germany’s price zone, and explores how the industry can expect TSOs in Germany and the Nordic region to respond in the next six months.Presenter: Richard Sverrisson - Editor-in-Chief, MontelContributor: Siobhan Hall - Brussel’s CorrespondentGuests:Casi...2025-05-0233 min
Plugged In: the energy news podcastIs Norway enabling GO double counting?Norway is the largest exporter of guarantees of origin certificates. Yet last month, the country's government published guidance for industry and union leaders that supported a localised approach, opening up the possibility for double counting of GOs.After Iceland was accused of a similar move last year, we explore whether this latest move is pulling the reliability of the GO market into question amid continuously falling prices.In this week's episode, Richard speaks to Daniel Arnesson from Veyt about where the confidence is in the GO market, and when prices will start to rise again.2025-04-2531 min
Plugged In: the energy news podcastTariffs, trade wars and “drill, baby, drill”Oil and gas prices plummeted in the immediate aftermath of the trade war between the US and China.With many expecting oil and gas prices to continue to decline as a result of Trump's tariffs, the trade war raises raises fundamental questions about the profitability of oil production. Will oil producers feel inspired to "drill baby drill", as Trump famously promised, if prices continue to fall?In this episode, Richard speaks to Saul Kavonic, Head of Energy Research at MST Marquee, about the impact on global trade flows, prices and why an expected boost in...2025-04-1733 min
Plugged In: the energy news podcastGreen transition fears amid tariff turmoilThis week, Trump's staggering tariffs on Asia and Europe caused turmoil in global equity and energy markets - as they took effect and were paused - raising many concerns within the energy sector about prices, trade flows, and the future of renewables investments.With the situation changing day-by-day, even hour by hour, Richard speaks to Norges Bank Investment Management - Norway's Oil Fund - about the state of the global renewables markets, and what long-term impact the events of this week will have on the energy transition.Presenter: Richard Sverrisson - Editor-in-Chief, MontelContributor...2025-04-1122 min
Plugged In: the energy news podcastHeathrow's power outage - a one-off?Last Friday, one of the world's largest transport hubs came to a halt for 18 hours after a fire broke out at one of its substations in North Hyde.Since the incident, National Grid's CEO responded to accusations that Heathrow bosses were forced to shut down the airport due to a lack of power, confirming that the two other substations were operational and fully capable of powering the airport.Why, then, was the airport not able to connect the power, and why did it take so long to return to its operations?In this...2025-03-2824 min
Plugged In: the energy news podcastNuclear’s latest comeback: is it permanent?Over the past year, many countries in Europe and beyond have announced plans to expand their nuclear programmes or build new reactors.As the pressure mounts for countries to start delivering on their decarbonisation goals and have a tighter grasp on their energy security, it begs the question: has “the road to net zero” become “the road to nuclear”?In this week’s episode, Richard speaks to the Director General of the Nuclear Energy Agency about what has triggered this latest revival in nuclear, and how the private and public sectors will need to decide who takes...2025-03-2131 min
Plugged In: the energy news podcastNavigating regulatory and geopolitical complexityIn this week’s episode we discuss how unprecedented global risks — from escalating trade tensions and hybrid warfare to rising populism — are reshaping Europe's energy markets. Statkraft's CEO Birgitte Ringstad Vartdal shares insights into the company's approach to project prioritisation, reveals why the green transition will inevitably continue despite near-term hurdles and discusses how companies can build local support for renewables amid growing opposition. Birgitte also weighs in on Norway’s controversial market intervention, the fixed-price electricity retail contract, and addresses criticism around regulatory hurdles and delays to new capacity projects.Host: Richard Sverrisson – Editor-in-Chief, Montel.Guest: Bir...2025-03-1423 min
Plugged In: the energy news podcastEU energy security amid “seismic” global shiftsThis week we explore the growing energy security challenges facing Europe amid a “seismic” shift in the global geopolitical order. In light of this, we discuss plans by the European Commission to support industry and keep energy affordable. Will these measures be enough to protect the continent from instability and price shocks? Kristian Ruby, secretary general of Eurelectric, weighs in on whether the bloc is moving fast enough to secure its energy future in an increasingly uncertain world, while pondering the role of flexibility in stabilising power markets and opines on how electric vehicles could be a game-changer for grid...2025-03-0728 min
Plugged In: the energy news podcastBerlin's power shiftAs Germany’s Christian Democrat alliance (CDU/CSU) is in talks about forming a new government with the Social Democrats, this week’s episode discusses the country’s role in the new global order. It comes against a backdrop where US president Donald Trump is abandoning old friends in Europe and proposing a trade war instead of aiding old allies. Not only could this have implications for US-sourced LNG but the new government in Berlin must make key decisions on the future of fossil fuels, the renewables transition and on whether to embrace hydrogen. The coalition will also have to dea...2025-02-2831 min
Plugged In: the energy news podcastEnergy, recovery & Germany’s next moveIt was Europe’s biggest importer of Russian gas prior to the Ukraine invasion but Russia’s cutting of gas supplies to Europe pushed Uniper to the brink of collapse.It was nationalised in one of the biggest corporate bailouts in German history.Montel’s Editor-in-Chief has been speaking to Uniper’s COO, Holger Kreetz, on the firm’s recovery, Germany’s energy transition and the imminent snap election.Host: Richard Sverrisson - Editor-in-Chief, Montel News.Guests: Katharina Johannsen, Montel News Germany.Holger Kreetz, Chief Operating Officer, Uniper.Podcast...2025-02-2130 min
Plugged In: the energy news podcastRising populism and energy marketsEurope’s energy sector is caught in the crossfire of rising populism. With elections approaching in Norway and Germany, governments are under pressure to prioritize short-term price stability over long-term market efficiency. Norway’s decision to impose fixed electricity prices has sparked concerns about weakened price signals and energy market fragmentation. Meanwhile, in Germany, the far-right AfD is gaining ground, threatening the country’s renewable energy expansion and interconnectivity with neighbours.This week, Plugged In comes to you from Essen at the E-World Energy & Water trade fair, where the future of Europe’s energy markets hangs in the bala...2025-02-1445 min
Plugged In: the energy news podcastRegulating the unpredictableThe UK has announced hugely ambitious plans - clean power by 2030. This will involve a massive roll-out of wind, onshore and offshore, solar as well as an expansion of grids and storage. A challenge, certainly. But not impossible, according to Jonathan Brearley, the chief executive of Ofgem, the UK's energy market regulator. The CEO also explains why the watchdog thinks zonal, rather than national pricing is the best way forward for the country. In the first episode of Plugged In: the energy news podcast we discuss how the country can meet its targets, the obstacles that stand i...2025-02-0738 min
Plugged In: the energy news podcastNorway’s energy crisis, AI and the looming supply squeezeNorway’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 faces a growing supply deficit, AI-driven demand spikes from data centres, and increasing hurdles in building new capacity.This week, the Montel Weekly Podcast comes to you from Oslo at the Pareto Securities Power & Renewable Energy Conference. Montel’s Petter Udland sets the scene before...2025-01-3127 min
Plugged In: the energy news podcastTrump 2.0 pivots to gasIn 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 dramatic pivot from the previous administration.This week’s Montel Weekly Podcast delves into the consequences of these policy shifts on global energy markets, renewables and climate goals. Are Europe’s LNG needs creating new dependencies? How will domestic opposition shape the future of US energy...2025-01-2432 min
Plugged In: the energy news podcastHybrid energy war in the BalticThe 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 – thought to have been damaged by the vessel’s trailing anchor.In response, Nato has enhanced its military presence in the Baltic Sea, while Estonia has sent a patrol ship to protect the remaining Estlink 1 power cable.This w...2025-01-1732 min
Plugged In: the energy news podcastElections and Energy – Germany's path forwardGermany’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.We’ll explore how political changes, including Elon Musk’s favourite German party and the prospect of a Trump presidency, could impact energy policy and markets. The episode also delves into the downturn in German industrial production, expectations for energy prices in 2025, an...2025-01-1033 min
Plugged In: the energy news podcastEnd of year roundup, 2025 outlook2024 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 Walker, Andreas Lochner, Nathan Witkop, Enza Tedesco, and Olav Vilnes – join host Richard Sverrisson to explore the biggest energy stories of 2024. We’ll also look ahead to what 2025 might bring, from key elections in Germany and Norway to the implications of geopolitical tensions and t...2025-01-0340 min
Plugged In: the energy news podcastGas: Will fundamentals Trump geopolitics?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 this episode, we delve into the latest geopolitical developments, as well as the key fundamental drivers, and assess their likely impacts, with Wayne Bryan, Principal Associate at the London Stock Exchange Group (and formerly Director of LSEG’s Euro...2024-12-1936 min
Plugged In: the energy news podcastPoland’s Energy CrossroadsPoland’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, particularly for industry. There’s also the matter of where government subsidies could, and should, be spent. Issues around policy cohesion, public and industry engagement and regional impacts all persist.In this episode, we delve into the latest developments shaping Polan...2024-12-1341 min
Plugged In: the energy news podcastAtomic revival: A new age for nuclear?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 the case for a nuclear revival and the hurdles still in its way. Joining the discussion is nuclear expert Paul Dorfman, who questions whether nuclear can truly compete with renewables.They cover the potential of small modular reactors (SMRs), the challenges of c...2024-12-0636 min
Plugged In: the energy news podcastFlow-based market coupling – what's all the fuss about?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 is it, and why has it caused a furore in the Nordic region?In this episode, Richard speaks to TenneT's flow-based expert Frank Boerman, to unpack exactly how the flow-based model works, and two of our Montel experts share insights on some of the c...2024-11-2927 min
Plugged In: the energy news podcastCOP, climate policy and EU carbonGlobal 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 discuss Europe's carbon market, current drivers and the reasons why prices may continue to rise. In this episode, Richard speaks to Trevor Sikorski from Energy Aspects and our Carbon Correspondent reports from COP29 in Baku...2024-11-2234 min
Plugged In: the energy news podcastCriticism mounts as Sweden axes 32 GW offshore windAt 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 energy priorities.In this episode, Richard speaks to WindEurope about their fears regarding Sweden’s decision and discusses the nuances of Sweden’s Ministry of Defence with Defence Consultant and former Swedish Army Lieutenant Colonel. Host: Richard Sverrisson – Editor-in-Chief, MontelGues...2024-11-1531 min
Plugged In: the energy news podcastTrump re-elected, Berlin coalition fails: Energy impactIt 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 markets, and he speaks to one of our guests live from Munich about what the initial reaction to the news has been in Germany. Listen to a discussion on where this leaves the country – and the wi...2024-11-0837 min
Plugged In: the energy news podcastBudget boost for the UK’s energy sector?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 this episode, Richard dissects what the announcements and fiscal decisions laid out by the Government will mean for energy businesses in the UK.Host: Richard Sverrisson - Editor-in-Chief, MontelGuests: Pranav Menon – Product Mana...2024-11-0131 min
Plugged In: the energy news podcastWhy is oil still trading under USD 100/bbl?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 when compared to Russia’s invasion of Ukraine two years ago.Why? In this episode, Richard speaks to geopolitics expert and co-founder of global data and intelligence firm, Energy Aspects, about what this tells us about the o...2024-10-2529 min
Plugged In: the energy news podcastNato eyes risks in EU power marketsThe 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 the energy sector firmly onto NATO’s radar. Is Europe’s energy market set up to deal with security threats?In this episode, Richard speaks to two of the authors of a new report from Eurasia that puts the pressing issues...2024-10-1736 min
Plugged In: the energy news podcastRamping up batteriesIt'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 battery in the Nordic region that will start operating early next year. In addition, we hear from Rystad Energy’s battery expert about the market conditions and the competitive threat from China that we have already seen start to impact loca...2024-10-1034 min
Plugged In: the energy news podcastBONUS EPISODE: The UK ends 142-years of CoalThis 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 shares his memories of growing up in his childhood home which overlooked the iconic power plant. Matthew recounts stories of his grandfather going to work in another nearby coal unit, and being mesmerised as a boy by the Ratcliffe-on-Soar st...2024-10-0411 min
Plugged In: the energy news podcastHas the hydrogen bubble burst or is it merely deflating?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 Coalition about why we are seeing hydrogen projects collapse now, and what is next to come. Host: Richard Sverrisson - Editor-in-Chief, MontelGuests: David Cebon – Professor of Mechanical Engineering at Cambridge University and founding member of the Hydro...2024-10-0332 min
Plugged In: the energy news podcastGeopolitics and pipelines – is the global gas market prepared?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 Svelland Capital about the impending challenges to the gas market. Host: Richard Sverrisson - Editor-in-Chief, MontelGuests: Nadia Martin Wiggen – Director, Svelland Capital; Andres Cala – Senior LNG Correspondent, Montel2024-09-2728 min
Plugged In: the energy news podcastThumbs up for the new European Commission?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 this new, energy-charged Commission combined with Draghi’s report recommendations mean that we are going to see some drastic change in the next five years?In this week’s episode, we hear initial reactions to the an...2024-09-2022 min
Plugged In: the energy news podcastIs regulation holding GO adoption back?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 pipeline, but how does it need to change to bring in more firms, especially energy intensive industry, and help boost demand across Europe?In this episode, Richard speaks to industry experts from the conference in Reykjavík and our reporter Enza Tedesco goe...2024-09-1332 min
Plugged In: the energy news podcastInsider trading allegationsA 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 story.Host: Richard Sverrisson, Editor-in-Chief, MontelGuest: Nathan Witkop, Editor Clean Energy Desk, Montel2024-08-3024 min
Plugged In: the energy news podcastCurbs to French power exportsCuts 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 demand, but is the issue more structural? Host: Richard Sverrisson, Editor-in-Chief, MontelGuests: Frank Boerman, Tennet; Clement Boilloux, Montel Analytics; Muriel Boselli, Montel News.2024-08-0929 min
Plugged In: the energy news podcastHas Keir’s time come?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. Listen to a discussion with Regen CEO Merlin Hyman and Montel’s Phil Hewitt on the possible future energy trading arrangements between the UK and the EU. Host: Richard Sverrisson, Editor-in-Chief, MontelGuests: Merlin Hyman...2024-06-2832 min
Plugged In: the energy news podcastIs it apple pie time today?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 and Jean-Paul Harreman on the challenges of negative prices, network congestion and bringing smaller firms to the market.Host: Richard Sverrisson, Editor-in-Chief, Montel Guests: Michiel Lensink, CEO of ETPA; Jean-Paul Harreman, Director, Montel Analytics2024-06-2132 min
Plugged In: the energy news podcastEU elections: Fragmentation and paralysis?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 over the next five years?Host: Richard Sverrisson, Editor-in-Chief, MontelGuests: Raphael Hanoteaux, Policy Advisor, E3G; Siobhan Hall, Brussels correspondent, Montel. 2024-06-0729 min
Plugged In: the energy news podcastThe Trump hand grenadeThe 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 Iran close the Strait of Hormuz?Host: Snjólfur Richard Sverrisson, Editor-in-Chief, MontelGuests: Tobias Federico, Director, Montel Analytics; Wayne Bryan, Director European Gas Research, LSEG.2024-04-2627 min
Plugged In: the energy news podcastCarbon border tax: Europe's own goal?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 consequences. Listen to a discussion on how the law could significantly affect electricity flows between non-EU and EU countries and impact investment in renewable energy. Could the border tax actually hinder moves to decarbonise Europe?Host: Snjólfur Richard Sverrisson, Editor-in-Chief, Montel2024-04-1230 min
Plugged In: the energy news podcastFrance’s ample supplyAfter 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 the summer, and the potential for surprises amid probes into possible corrosion at some reactors.Host: Snjólfur Richard Sverrisson, Editor-in-Chief, MontelGuests: Chris Eales, Editor France, Montel News; Tasmin Chowdhary, Market Analyst, Volue. 2024-04-0523 min
Plugged In: the energy news podcastPicasso turbulenceThe 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 to increase data transparency.Host: Snjólfur Richard Sverrisson, Editor-in-Chief, Montel Guests: Simon Remppis, Engineer at TransnetBW; Alina Trabattoni, Italy Correspondent, Montel News. 2024-03-2127 min
Plugged In: the energy news podcastEpic problems, epic solutionsOver 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, Montel2024-02-2330 min
Plugged In: the energy news podcastNodal or Zonal?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.2023-12-0128 min
Plugged In: the energy news podcastThe Acer conundrumDebate 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. 2023-11-1026 min
Plugged In: the energy news podcastGeopolitics trump fundamentalsThe months ahead will be filled with uncertainty – and price volatility – as energy market participants assess the consequences of the escalating conflict in the Middle East and potential sabotage to the gas pipeline linking Finland with Estonia. Will these events override market fundamentals? Listen to a discussion of the key developments in UK and continental wholesale power and gas markets in the last quarter and the outlook for the coming months. Host: Snjólfur Richard Sverrisson, Editor-in-Chief, MontelGuests: Jean-Paul Harreman, Director, Montel EnAppSys, Paul Buckworth, Principal Consultant, Montel EnAppSys.2023-10-1325 min
Plugged In: the energy news podcastNo room for complacencyEuropean wholesale gas prices are falling, stocks are close to full capacity and LNG is still flowing to the region, though as winter looms market participants cannot afford to relax, yet. Listen to a discussion on the factors that will influence supply and demand in the coming months. What is the risk that Russian LNG will completely stop flowing to Europe? And can we expect renewed industrial action at LNG facilities in Australia? Host: Snjólfur Richard Sverrisson, Editor-in-Chief, Montel Guest: Andrés Cala, LNG Correspondent, Montel2023-10-0626 min
Plugged In: the energy news podcastCFD controversy, coal subsidy spatIn the final episode before the summer break, we look at policy developments in Brussels and Berlin. As the energy crisis appears to be easing, we discuss the main policy issues of the past six months from the European Commission and Germany. Why is a spat brewing over plans to issue contracts for difference to existing nuclear plants and why is there opposition to Poland’s proposal to subsidise its coal plants? In addition, has Germany managed to secure gas supply ahead of the winter?Host: Richard Sverrisson, Editor-in-Chief, MontelGuests: Siobhan Hall, Correspondent Brussels, Mo...2023-06-2837 min
Plugged In: the energy news podcastS Africa's coal ghost trainsAmid surging gas prices, many countries in Europe and beyond turned to the dirty fuel in an attempt to keep a lid on prices. But the increased demand for the dirty fuel triggered a massive rise in global coal prices, which in turn was boon to illegal transport of the commodity in South Africa. Recently, train operator Transnet issued a warning about the rise in so-called "ghost trains", or unchartered, off-timetable shipment of coal to the port of Richard's Bay. Listen to a discussion of the phenomenon and potentially how much of the fuel has found its way to...2023-04-1316 min
Plugged In: the energy news podcastDamage limitationMany market participants expressed relief that the European Commission did not meddle with the marginal price-setting mechanism in its proposals for energy market reform. But plans to protect customers from volatile and soaring prices through encouraging long-term contracts and a capacity mechanism will impact the internal energy market. Listen to a discussion on plans for virtual trading hubs and why this complex but innovative idea will be challenging to implement.Host: Richard Sverrisson, Editor-in-Chief, Montel Guests: Michela Beltracchi, Senior Advisor Public & Regulatory Affairs, Nord Pool; Georg Zachmann, Senior Fellow, Bruegel2023-03-2431 min
Plugged In: the energy news podcastBattery boost as EU eases state-aid rulesThe European Commission has loosened state-aid rules in a bid to compete with the US Inflation Reduction Act in providing subsidies for green technology. The move comes in the wake of several high-profile European battery manufactures having indicated they are considering building factories in the US. Listen to a discussion on the main hurdles facing the battery and storage sector and how fresh regulation may spur manufacturers to stay in Europe.Host: Richard Sverrisson, Editor-in-Chief, MontelGuest: Giorgio Corbetta, EU Affairs Director, Eurobat2023-03-1727 min
Plugged In: the energy news podcastStronger together?Ahead of the publication of the European Commission's proposals for energy market design, there are concerns that some recent interventions will be permanent. Listen to why the wholesale markets need to retain the marginal pricing model, avoid a patchwork of national regulation and provide incentives to boost the energy transition. What are the lessons learnt from the energy crisis and the resulting flurry of policy measures aimed at protecting consumers? Host: Richard Sverrisson, Editor-in-Chief, Montel Guest: Jérôme Le Page, Director, European Electricity Markets, Efet2023-03-1025 min
Plugged In: the energy news podcastLoopholes and additionalityThe European Commission recently laid out rules that will define green hydrogen as part of its renewable energy directive. They will provide clarity on what makes hydrogen renewable, define additionality and potentially boost investments into the fuel. Listen to a discussion on what this will mean for the sector and whether labelling nuclear as renewable is possible or even desirable.Host: Richard Sverrisson, Editor-in-Chief, MontelGuest: Catherine Banet, Professor of Law, Head of Department of Energy and Resources Law, University of Oslo2023-03-0325 min
Plugged In: the energy news podcastUkraine: One year onIt’s been a year since Russia’s invasion of Ukraine. This week's pod chats to residents of Kyiv – a gas analyst and a top manager at Ukraine's utility DTEK – about the current situation in the city, while living under the constant threat of attack. Listen to a discussion about how Russia targets the energy system and how Ukraine repairs bombed infrastructure. We also talk about cross-border power flows and the outlook for the country’s gas and electricity sector amid the ongoing war. The pod finishes quite dramatically, so make you keep listening right to the end.Host: Ri...2023-02-2448 min
Plugged In: the energy news podcastOut of the woods?This week’s pod discusses the outlook for Europe’s gas market for the coming months, as prices have fallen to around EUR 50/MWh – still historically high, but far below those of last autumn. Do low prices spell the end of the energy crisis, or should we expect further supply disruptions. Listen to a discussion on current market dynamics, what it would take to trigger a price surge and why the price cap is pointless.Host: Richard Sverrisson, Editor-in-Chief, MontelGuest: Wayne Bryan, Director European Gas Research, LSEG2023-02-1729 min
Plugged In: the energy news podcastRethinking forward power marketsThe European Commission has launched a consultation on the future market design of wholesale energy markets. Under pressure to shield consumers, industry and households from high prices it seeks to undertake comprehensive reforms. Listen to a discussion of what the the consequences will be for markets, particularly regarding the fine balance between affordability and supply security. Could the proposals to boost renewables through CFDs and PPAs mean a larger role for national governments and the end of forward markets as we know them?Host: Richard Sverrisson, Editor-in-Chief, MontelGuest: Stephen Woodhouse, Director, Afry Management Consulting2023-02-1031 min
Plugged In: the energy news podcastReturn of the carbon speculators?European carbon prices have climbed since mid-January, with the benchmark contract threatening to breach EUR 100/t before falling on Thursday. Has the upturn been driven by a return of speculators or are companies buying to balance their books ahead of the deadline on 30 April? Listen to a discussion on current market dynamics and whether prices could hit EUR 100/t? In addition, we debate the complex web of policies that will impact the market in the months and years to come.Host: Richard Sverrisson, Editor-in-Chief, MontelGuest: Ingvild Sørhus, Lead EU Carbon Analyst, Greenfact2023-02-0331 min
Plugged In: the energy news podcastTransatlantic battle for green subsidiesThe US’s Inflation Reduction Act – a USD 400bn package of subsidies and tax credits to help spur renewable energy and projects to slash emissions – has rattled European governments and politicians. Some European companies have already announced they are looking to build green energy projects in the US, while EU officials are looking for ways to keep them closer to home. Listen to a discussion on the likelihood of a tit for tat trade war and consequences for net-zero emissions targets. Host: Richard Sverrisson, Editor-in-Chief, MontelGuest: Niclas Frederic Poitiers, Research Fellow, Bruegel2023-01-2728 min
Plugged In: the energy news podcastScaring off investorsThe flurry of European countries introducing revenue caps on electricity production from renewable sources is largely intended to shield industry and households from soaring prices. But some in the industry fear these interventions may deter much-needed investments in green energy. Listen to a discussion on whether these fears are justified and on other concerns about long-term changes to the current wholesale market design.Host: Richard Sverrisson, Editor-in-Chief, MontelGuest: Kristian Ruby, Secretary-general of Eurelectric.2023-01-2025 min
Plugged In: the energy news podcastHas green growth stalled amid patchwork interventions?Europe’s green energy transition risks stalling amid a patchwork of regulation across the 27-nation bloc intended to tax surplus revenues of renewable energy generators. This could also impact the important PPA market, where corporates dominated the sector in 2022. Listen to a discussion about the trends expected for 2023 and how interventions could affect the market and the burgeoning green PPA sector. Host: Richard Sverrisson, Editor-in-Chief, Montel Guest: Dominique Hischier, Head of Analysis, Pexapark2023-01-1329 min
Plugged In: the energy news podcastOpening Pandora’s boxDiscussions over potential extensions to the lifespans of German nuclear reactors could lead to several unforeseen consequences and will be like opening Pandora’s box, says Tobias Federico of Energy Brainpool. Listen to a discussion on how Germany managed to replace Russian gas supplies – at a cost – and the challenges ahead for the country in meeting its climate goals. Is the use of fossil fuels a temporary blip or a more permanent feature of the energy crisis? Host: Richard Sverrisson, Editor-in-Chief, Montel Guest: Tobias Federico, Managing Director, Energy Brainpool2023-01-0629 min
Plugged In: the energy news podcastGas price cap: policy disaster? Montel Weekly Special EpisodeThe EU gas price cap agreed this week by energy ministers is intended to protect gas consumers from soaring prices, but if triggered may lead to reduced supply and increased demand. Listen to a discussion on why the measure could end up being simply a symbolic gesture, as market participants will find ways of circumventing it. There are also concerns about the creation and implementation of an LNG index – could this lead to market manipulation? Also, the cap could trigger the departure of the Ice exchange from Europe’s wholesale gas market, with worrying repercussions for financial instability.Ho...2022-12-2329 minPlugged In: the energy news podcastWinter starts to biteConcerns over a supply shortfall are rising as much of Europe experiences a cold snap. Gas storage units are full, Russian gas is still flowing and industrial demand is almost down by a quarter, but what is the outlook for the coming months and the coming winter? Listen to a discussion on the key supply and demand fundamentals, and the impact of easing Covid lockdowns in China on LNG flows. Could wholesale gas prices return to EUR 300/MWh seen last August?Host: Richard Sverrisson, Editor-in-Chief, MontelGuests: Nadia Martin Wiggen, Energy Analyst, Pareto and Eleni...2022-12-0829 minPlugged In: the energy news podcastAre price caps “a joke”?Many EU nations are introducing revenue caps and/or windfall taxes on power production to help consumers cope with soaring energy costs. The European Commission has also proposed wholesale gas market ceiling of EUR 275/MWh. Listen to a discussion why some member states have labelled this as “joke” and why price caps could have a long-term detrimental effect on Europe and will not alleviate the current gas crisis. Would issuing EU bonds be a better option?Host: Richard Sverrisson, Editor-in-Chief, MontelGuest: Ana Stanic, Principal, E&A Law.2022-12-0227 minPlugged In: the energy news podcastCrisis, what crisis?Iceland has dodged an energy crisis gripping most of Europe with spiralling costs for households and industrial consumers. While the North Atlantic island nation is self-sufficient in energy, listen to a discussion on why its largest utility Landsvirkjun recently renegotiated a supply contract with one of its industrial consumers. Also, hear about Iceland's energy successes, the prospects of exports but also why Landsvirkjun is concerned about prospective changes to guarantees of origin regulation.Host: Richard Sverrisson, Editor-in-Chief, MontelGuest: Hördur Arnarson, CEO, Landsvirkjun.2022-11-2427 minPlugged In: the energy news podcastGO prices surgeGO prices have risen almost fivefold this year amid concerns over supply and robust demand. Listen to a discussion on the outlook for the GO market, forthcoming regulatory changes and why an exit by Norway, a key supplier of the certificates, now looks increasingly unlikely. Will prices soar beyond EUR 8 and remain there in the months ahead?Host: Richard Sverrisson, Editor-in-Chief, MontelGuests: Adam White, Secretary General, RECS International Leo Robert, Green Power Analyst, Greenfact2022-11-1732 minPlugged In: the energy news podcastHow robust is the power system?An acceleration of the energy transition will put increased stress on Europe’s power system. Energy market stakeholders across the board will need to adopt a more holistic cross-border approach to managing infrastructure in order to ensure the entire system is fit for purpose for green growth. Listen to a discussion on where the current challenges are and how vulnerable the power sector is to attacks, both physical and virtual.Host: Richard Sverrisson, Editor-in-Chief, MontelGuest: Arne Svendsen, Vysus Group2022-11-1131 minPlugged In: the energy news podcastWinter gas supply risks remainWarmer than average weather across Europe in combination with full gas storage facilities and an LNG supply glut should not obscure the fact that Europe could still experience a shortage of the fuel over the winter. Of course the winter weather will be decisive, but also gas demand from other parts of the world that could divert shipped cargoes. Listen to a discussion on why security of supply is not guaranteed.Host: Richard Sverrisson, Editor-in-Chief, MontelGuests: Bjarne Schiedrop and Ole Hvalbye, Commodity Analysts at SEB2022-11-0333 minPlugged In: the energy news podcastMild spell eases energy crisis: but will it last?A mild spell this autumn has calmed spiralling prices in Europe’s gas and power markets for now, enabling gas storage levels to brim near full capacity. Listen to a discussion on La Nina (and El Nino), the Polar Vortex, sudden stratospheric warning and the north Atlantic oscillation. Will a mild winter save Europe's energy crisis?Host: Richard Sverrisson, Editor-in-Chief, MontelGuest: Amy Hodgson, Meteorologist, Atmospheric G22022-10-2824 minPlugged In: the energy news podcastRegulation and manipulationThe European Commission this week proposed a flurry of measures to lower wholesale prices, shield consumers from perceived market failure and to smooth out “excessive volatility”. Listen to a discussion on how “manipulation” has driven gas prices and why intervention in the form of a price cap is necessary. In the medium term, Europe’s energy markets may need more radical overhaul.Host: Richard Sverrisson, Editor-in-Chief, Montel Guest: Simone Mori, Head of Europe, Enel2022-10-2022 minPlugged In: the energy news podcastRain brings some reliefHeavy rainfall over the past few weeks has alleviated some concerns over hydropower supply in southern Norway, boosting reservoir levels from near record lows. While electricity rationing may be off the table, prices remain elevated in some areas. Listen to a discussion on the market outlook over the coming winter in the Nordic region and in continental Europe.Host: Richard Sverrisson, Editor-in-Chief, Montel Guests: Marcus Eriksson, Lead Analyst, European Power, Refinitiv, Ole Tom Djupskås, Nordic Power Market Expert, Refinitiv.2022-10-1431 min