Latest news
France pledges to restrict EDF utility hikes in 2015-18
France wants to restrict state-controlled utility EDF's regulated electricity tariff increases between 2% and 3% per year or less per year over the period 2015-2018, which would see a new calculation method to take effect, said an official source in the Elysée Palace.
read more... 12/12/2013
IEA: oil demand worldwide to grow considerably in 2014
According to IEA report, global oil demand in 2014 would grow at a faster rate than in 2013 thanks to accelerating world economic growth. The International Energy Agency issued a report according to which economic recovery in the advanced economies is probable to boost global oil demand.
read more... 12/12/2013
Daily: German spot power up on colder weather, while French contract tumbles
Brent crude oil boosted on supply worries as traders were doubtful that Libyan oil exports would resume, while U.S. crude dropped after government data showed a big increase in refined oil products, showing a sluggish oil demand. Brent crude oil boosted 32 cents to settle at $109.70 a barrel, after reaching a session low of $108.62. U.S. crude futures for January delivery eased $1.07 to $97.44.
read more... 12/12/2013
Europe threatened by blackouts
Energy companies informed that Europe could face power blackouts if the economy in Europe would improve while energy provision would remain inadequate. Energy security in Europe is under menace and the area could soon be exposed to substantial power outages during this winter, due to a lack of production capacity.
read more... 11/12/2013
U.S. installed 930 MW of solar photovoltaic capacity in Q3 of 2013
According to a report from GTM Research and the Solar Energy Industries Association (SEIA) in the third quarter of this year something like 930MW of new PV capacity was installed, a 20% increase in comparison to the previous quarter, when it registered 832 MW of solar PV, and a 35% jump in comparison to the same period in 2012, with more than 400,000 solar power installations in place throughout the country.
read more... 11/12/2013