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 challenges that the Nordic energy market has already faced under the new system. Host: Richard Sverrisson – Editor-in-Chief, Montel Guests: Frank Boerman – Process Specialist at TenneT; Olav Vilnes – Nordic Editor, Montel News; Priyanka Shinde – Nordic Market Expert, Montel News

Global 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. Host: Richard Sverrisson – Editor-in-Chief, Montel Guests: Trevor Sikorski – Head of Natural Gas and Carbon Research at Energy Aspects.

At 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, Montel Guests: Giles Dickson – CEO, WindEurope; Tobhias Wikstrom – CEO, Parachute Consulting; Anton Tigerstedt – Editor Sweden, Montel News

It 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 wider energy transition – as it enters a period of limbo until a new government is elected. Host: Richard Sverrisson - Editor-in-Chief, Montel Guests: Nadia Martin Wiggen – Director, Svelland Capital; Tobias Federico – Managing Director of Energy Brainpool GmbH & Co. KG

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, Montel Guests: Pranav Menon – Product Manager for GB Power Renewables, Aurora Energy Research; Johnny Gowdy – Director, Regen; Paul Buckworth – Montel Analytics

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 oil market, and what it suggests about our assumptions on the impact of geopolitical events vs the reality on the ground. Host: Richard Sverrisson - Editor-in-Chief, Montel Guests: Richard Bronze – Co-Founder, Energy Aspects; Luke Roshan – Correspondent, Montel News

The 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 of energy storage and grid compacity in Europe into a new – more urgent – context of security. Host: Richard Sverrisson - Editor-in-Chief, Montel Guests:Amund Vik – Senior Advisor to Eurasia Group and former Deputy Energy Minister in the Norwegian Ministry of Petroleum and Energy; Henning Gloystein – Head for Energy, Climate, and Natural Resources at Eurasia Group; Laurence Walker – Deputy Editor-in-Chief, Montel News

It'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 local European manufacturers. Host: Richard Sverrisson - Editor-in-Chief, Montel Guests: Laetitia Prot – Managing Director Sweden, Neoen Lars Lysdal – Advisory Partner and battery expert, Rystad Energy

This 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 station. Matthew, Richard, and Montel’s Deputy Editor-in-Chief, Laurence, reflect on coal’s role in the industrial revolution, the integral position it held in the politics of the 1970s and 80s, and how the dirty fuel will be remembered in British history. Host: Richard Sverrisson – Editor-in-Chief, Montel Guests: Laurence Walker – Deputy Editor-in-Chief, Montel News; Matthew Scrimshaw – Chief Commercial Officer, Montel

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, Montel Guests: David Cebon – Professor of Mechanical Engineering at Cambridge University and founding member of the Hydrogen Science Coalition; Rachael Burnett – Environmental Markets Reporter, Montel News

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, Montel Guests: Nadia Martin Wiggen – Director, Svelland Capital; Andres Cala – Senior LNG Correspondent, Montel

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 announcement from our own Brussel’s Correspondent and Eurelectric’s Policy Director. Host: Richard Sverrisson - Editor-in-Chief, Montel Guests: Siobhan Hall – Brussel’s Correspondent, Montel News; Cillian O’Donoghue – Policy Director, Eurelectric

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 goes on a tour of one of Iceland’s new power plants. Host: Richard Sverrisson - Editor-in-Chief, Montel Guest: Lars Ragnar Solberg – Principal Consultant, AFRY Halldór K. Sigurðarson – Business Director, Landsvirkjun Merve Güngör – Policy and Networking Manager, RECS

The global power system is changing. Carbon emissions are declining. The green transition is in full flow. This is good news for the planet, but what do the next few years on this journey to 2030 look like for carbon prices? In this episode, we talk about the impact of impending EU regulations that businesses are bracing themselves for. With supply due to decrease faster than demand, and the squeeze on industries who will no longer benefit from the EU’s free emissions allowance, we ask the question: who is going to feel the brunt of decarbonisation? Host: Richard Sverrisson - Editor-in-Chief, Montel Guest: Alexandra Härmatis - Senior Corporate Carbon Trader, Vertis Environmental Finance

A 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, Montel Guest: Nathan Witkop, Editor Clean Energy Desk, Montel

The guarantees of origin (GO) market is complex and opaque. Listen to a discussion that unpicks the complexity, simplifies the jargon and lays bare the controversies in the market. With big tech looking to source more and more green energy, how can the market – projected to be worth EUR 4bn by 2030 – increase its credibility and boost liquidity? And why has Norway ruled out an exit from the GO market? Host: Richard Sverrisson, Editor-in-Chief, Montel Guest: Daniel Arnesson, Manager, Renewable Power Analysis, Veyt

Germany plans to massively increase imports of hydrogen and its derivative products such as ammonia and methanol over the next five years but are the targets unrealistic and how green is the fuel? Listen to a discussion on what “hydrogen ready” could mean for infrastructure such as pipelines and power plants, the immense costs involved and the timescale for the decarbonisation of industry. Host: Richard Sverrisson, Editor-in-Chief, Montel Guest: Henning Gloystein, Director, Eurasia Group.

Cuts 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, Montel Guests: Frank Boerman, Tennet; Clement Boilloux, Montel Analytics; Muriel Boselli, Montel News.

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, Montel Guests: Merlin Hyman, CEO, Regen; Phil Hewitt, Director, Montel Analytics

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 Analytics