Kelly Paul

(Montel) Europe's benchmark gas price continued to correct downwards on Thursday afternoon amid healthy storage levels, although the market remained

The target will be achieved providing all projects in the pipeline are built within the currently expected timeframes, the group added in a statement.

The Delfini solar unit was the first such project in the country to be tied to a PPA rather than rely on government subsidies, the company added in a statement.

“I think there's a lot of uncertainty about it,” Paul Dorfman, visiting professor at the UK's University of Sussex, told Montel.

“Floating wind is a relatively young industry [but] by 2030 we expect floating offshore wind additional capacities to reach 2,000 MW, of which 1,471 MW are expected in the UK,” a spokesperson for WindEurope told Montel.

The government should adapt the parameters for future auctions to reflect market prices, set specific targets for each technology and increase the length of the CFD from 15 to 20 years, it added in a new report.

The benchmark Nordic hydro Cal 24 contract was quoted between EUR 0.65-0.75/MWh today, while a deal was heard on the Cal 25 product at EUR 1.55/MWh, broker and trader indications showed.

NESO was formed after the government reached a deal to acquire the existing electricity system operator from National Grid, it added in a statement.

Prices for hydro, wind and solar Regos for the so-called compliance period 23 relating to April-August averaged GBP 5.70/MWh, broker indications showed. This compared with an average of GBP 6.58/MWh the prior week.

The TTF October product was last seen EUR 0.54 higher at EUR 35.73/MWh on Ice Endex and comfortably off the six-week low hit earlier this week.