Author: erferb

The enmacc market sentiment in November

The enmacc market sentiment in November

Due to corrected weather forecasts, the front year in gas lost value in mid-November, in some cases significantly. Driven by surprisingly cool temperatures and rising spot market prices, however, the gas price rose again towards the end of the month and was able to make up for the losses.

The front year in electricity was quite different. Driven by stable demand and positive forecasts for a Covid-19 vaccine, the base contract increased by more than 5 €/MWh in November.

More than 3/4 of all tips in the enmacc market sentiment correctly predicted this development, a strong result of the participants! The remaining tips were too bearish.

The enmacc market sentiment in October

The enmacc market sentiment in October

The German power front year continued its bearish trend in October. Demand is still low and the lockdown light discussed in October pushed prices further down. Other commodities such as oil, coal and CO2 certificates also continued to fall in October.

The front year in gas, on the other hand, remained largely stable, and a strong increase was even recorded on the spot market. Participants in the enmacc market sentiment assumed that gas prices would also fall more sharply, which led to a relatively high proportion of tips that were too bearish. In 66% of all tips, however, the participants again demonstrated a very good feeling for the market and correctly predicted the trend.

The enmacc market sentiment in August

The enmacc market sentiment in August

Overall, German electricity consumption seems to slowly return to normal. However, there is no drastic jump in demand and commodity prices, in general, remain pretty stable.

In the second half of the month, German power front year still won around 3 EUR/MWh. This was also driven by rising CO2 prices. Also, Hurricane Laura reduced the gas and oil output in the US.

The participants of the enmacc market sentiment apparently underestimated the rise of prices towards the end of the month which resulted in around 33% of the tips being too bearish.

We congratulate the market sentiment winners in August on their correct predictions!

2x Markus Eberl – Stadtwerke Augsburg Energie GmbH
2x Alexander Knorn – FairEnergie GmbH
2x Marion Witthuhn – E.ON Energie Deutschland GmbH

Micha Abele – FairEnergie GmbH
Oliver Bodenmüller – Stadtwerke Karlsruhe GmbH
Mark Doenau – MITGAS Mitteldeutsche Gasversorgung GmbH
Thomas Engelhardt – TEAG Thüringer Energie AG
Jürg Furter – Eniwa AG
Josephine Hantschmann – envia Mitteldeutsche Energie AG
Stefan Hausammann – Eniwa AG
Mario Hilmer – ZVO Energie GmbH
Thomas Klein – Stadtwerke Bayreuth Energie und Wasser GmbH
Lena Letzner – EHA Energie-Handels-Gesellschaft mbH & Co. KG
Markus Möller – Energieversorgung Mittelrhein AG
Brigitte Reintinger – N-ERGIE Aktiengesellschaft
Peter Schumann – Energieversorgung Mittelrhein AG
Wilko vom Hagen – FairEnergie GmbH
Franziska Zimmer – Montana

The enmacc market sentiment in July

The enmacc market sentiment in July

The €750 billion EU rescue package has also stabilised the commodity markets. Crude oil and CO2 prices have risen in recent weeks and have also driven the price of German electricity in the front year.

Some traders have now realised these gains and thus caused a slight price decline again. However, all this took place in a relatively narrow price range.

All in all, the participants of the enmacc market sentiment in July showed a high accuracy: almost 80% of participants gave correct estimations.

We congratulate the market sentiment winners in July on their correct predictions!

3x Karlheinz Berns – ZVO Energie GmbH
3x Mark Doenau – MITGAS Mitteldeutsche Gasversorgung GmbH

2x Torsten Bostelmann – TEAG Thüringer Energie AG
2x Jörg Stockhecke – Stadtwerke Bielefeld GmbH

Evgenij Bessanov – ENNI Energie und Umwelt Niederrhein GmbH
Oliver Bodenmüller – Stadtwerke Karlsruhe GmbH
Thomas Engelhardt – TEAG Thüringer Energie AG
Josephine Hantschmann – envia Mitteldeutsche Energie AG
Stefan Hausammann – Eniwa AG
Uwe Hillig – Stadtwerke Konstanz GmbH
Alexander Knorn – FairEnergie GmbH
Jörg Kruse – ENNI Energie und Umwelt Niederrhein GmbH
Arndt Metzmacher – N-ERGIE Aktiengesellschaft
Patrick Niemeyer – Kooperationsgesellschaft fränkischer Elektrizitätswerke mbH
Markus Oelsner – Energie Südbayern GmbH
Thomas Osthues – Stadtwerke Bochum GmbH
Christoph Paschke – EWV Energie- und Wasser-Versorgung GmbH
Dennis Pastor – Stadtwerke Rostock AG
Heinrich Peng – Technische Betriebe Glarus Nord
Johanna Stäsch – Stadtwerke Marburg GmbH
Marcel Straub – Thüga Energie GmbH
Norman Vogel – KES Kommunale Energiedienstleistungsgesellschaft mbH
Marion Witthuhn – E.ON Energie Deutschland GmbH

The enmacc market sentiment in June

The enmacc market sentiment in June

The front year in NCGH moved sideways. The volatility at this part of the curve seems to slow down. The Phelix DE front year, though, presented itself more bullish and could win around 4 €/MWh throughout June.

It is remarkable that on none of the days the participants of the enmarket market sentiment voted too bullish. 64% of the votes hit the correct trend, the rest predicted the market to be more bearish.

We congratulate the market sentiment winners in June on their correct predictions!

3x Henry Mager – TEAG Thüringer Energie AG

2x Claas Sieveneck – rhenag Rheinische Energie AG

Mauro Balletta – Energieplattform AG
Karlheinz Berns – ZVO Energie GmbH
Christoph Beyer – Stadtwerke Homburg GmbH
Sebastian Biswas – Energieplattform AG
Oliver Bodenmüller – Stadtwerke Karlsruhe GmbH
Torsten Bostelmann – TEAG Thüringer Energie AG
Bianca Both – innogy SE
Henrik Brieke – Stadtwerke Herne AG
Markus Eberl – Stadtwerke Augsburg Energie GmbH
Thomas Engelhardt – TEAG Thüringer Energie AG
Stefan Hausammann – Eniwa AG
Markus Klünder – Vereinigte Stadtwerke GmbH
Lena Letzner – EHA Energie-Handels-Gesellschaft mbH & Co. KG
Arndt Metzmacher – N-ERGIE Aktiengesellschaft
Peter Nicklaus – Stadtwerke Schweinfurt GmbH
Elisabeth Schwarz – EHA Energie-Handels-Gesellschaft mbH & Co. KG
Darius Stellmach – Stadtwerke Bielefeld GmbH
Carsten Theede – Energie Südbayern GmbH
Ralf Zenhäusern – Lonza AG
Franziska Zimmer – Montana