The European Commission has loosened state-aid rules in a bid to compete with the US Inflation Reduction Act in providing subsidies for green technology. The move comes in the wake of several high-profile European battery manufactures having indicated they are considering building factories in the US. Listen to a discussion on the main hurdles facing the battery and storage sector and how fresh regulation may spur manufacturers to stay in Europe. Host: Richard Sverrisson, Editor-in-Chief, Montel Guest: Giorgio Corbetta, EU Affairs Director, Eurobat

Ahead of the publication of the European Commission's proposals for energy market design, there are concerns that some recent interventions will be permanent. Listen to why the wholesale markets need to retain the marginal pricing model, avoid a patchwork of national regulation and provide incentives to boost the energy transition. What are the lessons learnt from the energy crisis and the resulting flurry of policy measures aimed at protecting consumers? Host: Richard Sverrisson, Editor-in-Chief, Montel Guest: Jérôme Le Page, Director, European Electricity Markets, Efet

The European Commission recently laid out rules that will define green hydrogen as part of its renewable energy directive. They will provide clarity on what makes hydrogen renewable, define additionality and potentially boost investments into the fuel. Listen to a discussion on what this will mean for the sector and whether labelling nuclear as renewable is possible or even desirable. Host: Richard Sverrisson, Editor-in-Chief, Montel Guest: Catherine Banet, Professor of Law, Head of Department of Energy and Resources Law, University of Oslo

It’s been a year since Russia’s invasion of Ukraine. This week's pod chats to residents of Kyiv – a gas analyst and a top manager at Ukraine's utility DTEK – about the current situation in the city, while living under the constant threat of attack. Listen to a discussion about how Russia targets the energy system and how Ukraine repairs bombed infrastructure. We also talk about cross-border power flows and the outlook for the country’s gas and electricity sector amid the ongoing war. The pod finishes quite dramatically, so make you keep listening right to the end. Host: Richard Sverrisson, Editor-in-Chief, Montel Guests: Yuriy Onyshkiv, Senior Gas Analyst, LSEG Dmytro Sakharuk, Executive Director of DTEK

This week’s pod discusses the outlook for Europe’s gas market for the coming months, as prices have fallen to around EUR 50/MWh – still historically high, but far below those of last autumn. Do low prices spell the end of the energy crisis, or should we expect further supply disruptions. Listen to a discussion on current market dynamics, what it would take to trigger a price surge and why the price cap is pointless. Host: Richard Sverrisson, Editor-in-Chief, Montel Guest: Wayne Bryan, Director European Gas Research, LSEG

The European Commission has launched a consultation on the future market design of wholesale energy markets. Under pressure to shield consumers, industry and households from high prices it seeks to undertake comprehensive reforms. Listen to a discussion of what the the consequences will be for markets, particularly regarding the fine balance between affordability and supply security. Could the proposals to boost renewables through CFDs and PPAs mean a larger role for national governments and the end of forward markets as we know them? Host: Richard Sverrisson, Editor-in-Chief, Montel Guest: Stephen Woodhouse, Director, Afry Management Consulting

European carbon prices have climbed since mid-January, with the benchmark contract threatening to breach EUR 100/t before falling on Thursday. Has the upturn been driven by a return of speculators or are companies buying to balance their books ahead of the deadline on 30 April? Listen to a discussion on current market dynamics and whether prices could hit EUR 100/t? In addition, we debate the complex web of policies that will impact the market in the months and years to come. Host: Richard Sverrisson, Editor-in-Chief, Montel Guest: Ingvild Sørhus, Lead EU Carbon Analyst, Greenfact

The US’s Inflation Reduction Act – a USD 400bn package of subsidies and tax credits to help spur renewable energy and projects to slash emissions – has rattled European governments and politicians. Some European companies have already announced they are looking to build green energy projects in the US, while EU officials are looking for ways to keep them closer to home. Listen to a discussion on the likelihood of a tit for tat trade war and consequences for net-zero emissions targets. Host: Richard Sverrisson, Editor-in-Chief, Montel Guest: Niclas Frederic Poitiers, Research Fellow, Bruegel

The flurry of European countries introducing revenue caps on electricity production from renewable sources is largely intended to shield industry and households from soaring prices. But some in the industry fear these interventions may deter much-needed investments in green energy. Listen to a discussion on whether these fears are justified and on other concerns about long-term changes to the current wholesale market design. Host: Richard Sverrisson, Editor-in-Chief, Montel Guest: Kristian Ruby, Secretary-general of Eurelectric.

Europe’s green energy transition risks stalling amid a patchwork of regulation across the 27-nation bloc intended to tax surplus revenues of renewable energy generators. This could also impact the important PPA market, where corporates dominated the sector in 2022. Listen to a discussion about the trends expected for 2023 and how interventions could affect the market and the burgeoning green PPA sector. Host: Richard Sverrisson, Editor-in-Chief, Montel Guest: Dominique Hischier, Head of Analysis, Pexapark

Discussions over potential extensions to the lifespans of German nuclear reactors could lead to several unforeseen consequences and will be like opening Pandora’s box, says Tobias Federico of Energy Brainpool. Listen to a discussion on how Germany managed to replace Russian gas supplies – at a cost – and the challenges ahead for the country in meeting its climate goals. Is the use of fossil fuels a temporary blip or a more permanent feature of the energy crisis? Host: Richard Sverrisson, Editor-in-Chief, Montel Guest: Tobias Federico, Managing Director, Energy Brainpool

The EU gas price cap agreed this week by energy ministers is intended to protect gas consumers from soaring prices, but if triggered may lead to reduced supply and increased demand. Listen to a discussion on why the measure could end up being simply a symbolic gesture, as market participants will find ways of circumventing it. There are also concerns about the creation and implementation of an LNG index – could this lead to market manipulation? Also, the cap could trigger the departure of the Ice exchange from Europe’s wholesale gas market, with worrying repercussions for financial instability. Host: Richard Sverrisson, Editor-in-Chief, Montel Guest: James Waddell, Head of European Gas and Global LNG, Energy Aspects.

In the second of two episodes summarising the momentous energy events of 2022, we focus on the developments in the Nordic region, Germany and the coal and gas markets. Listen to a discussion on the impact of record low reservoir levels in Norway, ongoing nuclear issues in Sweden and Finland as well as increased political interference. How did Germany cope with the sudden loss of Russian gas, and what is the outlook for the global LNG and coal markets in 2023? Guests: Gert Ove Mollestad, Editor Norway, Montel; Olav Vilnes, Editor Nordics, Montel; Andreas Lochner, Editor Germany, Montel; Julia Demirdag, Germany Correspondent, Montel; Laurence Walker, Coal and Gas Editor, Montel.

In the first of two episodes summarising the momentous energy events of 2022, we focus on the dramatic developments in guarantees of origin market, compare the expansion of renewables in Spain and Italy and discuss ongoing nuclear problems in France. Will next year bring relief to strained markets, or will concerns over security of supply linger? Tune in next week for part two. Guests: Rachael Burnett, Correspondent Spain, Montel; Enza Tedesco, Correspondent Spain, Montel; Chris Eales, Editor France, Montel; Muriel Boselli, Correspondent, France, Montel.

Concerns over a supply shortfall are rising as much of Europe experiences a cold snap. Gas storage units are full, Russian gas is still flowing and industrial demand is almost down by a quarter, but what is the outlook for the coming months and the coming winter? Listen to a discussion on the key supply and demand fundamentals, and the impact of easing Covid lockdowns in China on LNG flows. Could wholesale gas prices return to EUR 300/MWh seen last August? Host: Richard Sverrisson, Editor-in-Chief, Montel Guests: Nadia Martin Wiggen, Energy Analyst, Pareto and Eleni Papadopoulou, Lead Gas LNG Insights Research, Kpler

Many EU nations are introducing revenue caps and/or windfall taxes on power production to help consumers cope with soaring energy costs. The European Commission has also proposed wholesale gas market ceiling of EUR 275/MWh. Listen to a discussion why some member states have labelled this as “joke” and why price caps could have a long-term detrimental effect on Europe and will not alleviate the current gas crisis. Would issuing EU bonds be a better option? Host: Richard Sverrisson, Editor-in-Chief, Montel Guest: Ana Stanic, Principal, E&A Law.

Iceland has dodged an energy crisis gripping most of Europe with spiralling costs for households and industrial consumers. While the North Atlantic island nation is self-sufficient in energy, listen to a discussion on why its largest utility Landsvirkjun recently renegotiated a supply contract with one of its industrial consumers. Also, hear about Iceland's energy successes, the prospects of exports but also why Landsvirkjun is concerned about prospective changes to guarantees of origin regulation. Host: Richard Sverrisson, Editor-in-Chief, Montel Guest: Hördur Arnarson, CEO, Landsvirkjun.

GO prices have risen almost fivefold this year amid concerns over supply and robust demand. Listen to a discussion on the outlook for the GO market, forthcoming regulatory changes and why an exit by Norway, a key supplier of the certificates, now looks increasingly unlikely. Will prices soar beyond EUR 8 and remain there in the months ahead? Host: Richard Sverrisson, Editor-in-Chief, Montel Guests: Adam White, Secretary General, RECS International Leo Robert, Green Power Analyst, Greenfact

An acceleration of the energy transition will put increased stress on Europe’s power system. Energy market stakeholders across the board will need to adopt a more holistic cross-border approach to managing infrastructure in order to ensure the entire system is fit for purpose for green growth. Listen to a discussion on where the current challenges are and how vulnerable the power sector is to attacks, both physical and virtual. Host: Richard Sverrisson, Editor-in-Chief, Montel Guest: Arne Svendsen, Vysus Group

Warmer than average weather across Europe in combination with full gas storage facilities and an LNG supply glut should not obscure the fact that Europe could still experience a shortage of the fuel over the winter. Of course the winter weather will be decisive, but also gas demand from other parts of the world that could divert shipped cargoes. Listen to a discussion on why security of supply is not guaranteed. Host: Richard Sverrisson, Editor-in-Chief, Montel Guests: Bjarne Schiedrop and Ole Hvalbye, Commodity Analysts at SEB