In January 2019:
The price of Brent is approximately 50 US$/bbl (ICE).
Natural gas – Gas year ahead PEG Nord contract is approximately 20 €/MWhg (Powernext).
In October 2019, at the change of a gas year:
The price of Brent is approximately 60 US$/bbl (ICE).
Natural gas - Gas year ahead PEG Nord contract is approximately 18 €/MWhg (Powernext).
In April 2020:
The price of Brent M is approximately 20 US$/bbl (ICE).
Natural gas - Gas year ahead PEG Nord contract is approximately 12 €/MWhg (Powernext).
In October 2020, at the change of a gas year:
The price of Brent M is approximately 40 US$/bbl (ICE).
Natural gas - Gas year ahead PEG Nord contract is approximately 14 €/MWhg (Powernext).
In December 2020:
The price of Brent M is approximately 50 US$/bbl (ICE).
Natural gas - Gas year ahead PEG Nord contract is approximately 16 €/MWhg (Powernext).
Electricity consumption in France showed a substantial decrease of -24.4TWh from 2019:
For the whole year, the decrease in consumption in mainland France attributable to the economic consequences of government measures to contain the Covid-19 pandemic is estimated at slightly more than 18TWh.
Gas consumption in France totalled 444.5TWh, down by 7.2% compared to 2019. The decrease mainly concerned:
Electricity consumption in Italy(1) totalled 302.8TWh in 2020, 5.3% less than in 2019 as a result of the Covid-19 pandemic. The principal decrease was observed in the first half of 2020. The lower level of thermoelectric and wind power output was partly offset by an increase in hydropower and solar power generation. Net imports were down by 15.6%.
Domestic demand for natural gas in Italy(2) totalled 70.7 bcm, a decrease of 4.1%from 2019 that confirms the lower consumption trend caused by restrictions introduced in the early months of 2020 to contain the Covid-19 pandemic. All segments registered a downturn. In absolute value, thermoelectric uses registered the largest decrease (-1.3 billion m3, -5% from 2019) under the impact of the fall in electricity demand.
(1) Sources for Italy: unadjusted data and data provided by Terna, the Italian national grid operator, and adjusted by Edison.
(2) Sources for Italy: Ministry for Economic Development (MSE), Snam Rete Gas data adjusted by Edison on the basis of 1Bcm = 10.76TWh.