European Union approves gas price cap
France upgrades electric reliability forecast
China completes 16 GW Beihetan hydro project
Commercial buildings and energy efficiency ($FT)
U.S. Treasury delays battery subsidy rules ($WSJ)
EUROPEAN gas futures prices for deliveries in March 2023, the end of the heating season, have been falling since early December, as traders become more confident there will be enough to satisfy consumption this winter. Prices are currently trading around €106/MWh down from €150 on December 7:
U.S. CONTAINER trade through the nine most important container ports was equivalent to just 2.72 million TEUs in October, down from 2.94 million TEUs in October 2021, and the lowest for the time of year since 2017, as manufacturers and retailers attempted to reduce excess inventories by reducing new orders:
JKempEnergy.com 