T-CG Insight Christmas edition 2019 »

With this T-CG Christmas edition, all of THEMA wishes our clients a very merry Christmas and an energetic New Year.


A date-based stop rule in 2030 serves a killing blow to the elcertificate price »

After a long wait, market participants and analysts were taken by surprise when the Swedish and Norwegian regulators suggested a date-based stop rule for the elcertificate market this Tuesday. The news sent the elcertificate price down by 18%. Read more: T-CG Insight 2018-07 >>  A date-based stop rule in 2030 serves a killing blow to […]

Einar Aas’ fall will hurt liquidity in the financial power market »

Einar Aas’ spectacular betting on the spread between Nordic and German power prices has already hurt other players in the market as they top up their contributions to Nasdaq’s default fund.


Decarbonising heat – the race to replace gas »

The UK needs to find a low-carbon alternative to the use of natural gas in homes. Although electricity is an obvious contender, the size and seasonality of gas demand is encouraging the Government to think again and consider the feasibility of converting the current gas grid to hydrogen instead. Whatever the final decision, the choice […]

T-CG Insight Christmas issue looking back at the year 2017 in the Continental Power Market »

With the Christmas issue of our T-CG Insight, we would like to thank all our clients for the cooperation over the past year and wish everyone a Merry Christmas and a Happy New Year. Read more here: T-CG Insight 2017-8 >> Christmas Special

UK example is a cautionary tale for reformers of network charges »

The UK’s energy regulator is being taken to court over network charges. The case is a cautionary tale of how even well-intentioned network charges have the potential for serious unintended consequences.

Is greed good for market liquidity? »

The liquidity in the Nordic financial power market shows a declining trend. To continue to develop interesting hedging and trading opportunities with high liquidity, we need to understand why. Was Gordon Gekko right?

What Jamaica has to do with German Energy Policies »

On the 24th of September 2017 are general elections in Germany. Admittingly, party programs are vague at best. Some suggestions and ideas found in the party programs may, however, have significant consequences for the German power market and neighbouring countries, including the Nordic countries.

New elcertificate agreement lifts prices, but does not solve market design challenges »

After months of uncertainty, Sweden and Norway have agreed to extend the Elcertificate market. The market is prolonged for 10 years and Sweden unilaterally increases the target by 18 TWh. The extension lead to a significant increase in prices. 

Time to phase out subsidies to mature renewable electricity? »

Subsidies to renewable electricity should reduce costs and make new technologies competitive in the market. Now many argue that wind and PV generation is mature. Does that mean that it is time to phase out wind and solar subsidies?