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Bulgaria: ultimatum to power distributors to pay back debt
An ultimatum has been given by Bulgaria to three foreign-owned energy distributors until Wednesday to reimburse the debt they have with state power supplier NEK, otherwise they may lose their licenses.
read more... 19/03/2014
Daily: European power prices pulled down by technical selling in the carbon market
Brent crude oil futures declined by more than $2 per barrel on Monday, close to reach six-weeks lows, as strong global supplies offset worries over perpetual tensions between Russia and the West powers concerning Crimea’s fate. The European benchmark closed $1.97 lower at $106.24 per barrel, after hitting an intra-session low of $106.16, the weakest level since February 6. Meanwhile, U.S. crude futures eased by as much as $1.52 to touch a session low of $97.37 per barrel before ending 81 cents down at $98.08 per barrel.
read more... 18/03/2014
E.ON, ENEL to close more plants because of European power crisis
Two of Europe's major power companies, E.ON and Enel, declared on Wednesday they intend to close more plants and reduce costs, joining competitors in warning that the industry crisis will influence profits in the years to come.
read more... 14/03/2014
Daily: Brent crude drops on weak economic data from China
Brent crude oil futures declined on Thursday since weak economic figures in China compensated fears over eventual supply interruptions that could be triggered by the conflict between Russia and Western powers over Ukraine. Meantime, U.S. crude futures posted a moderate gain, as bullish retail sales and labor market data increased the optimism about the economy and offset worries over China.
read more... 14/03/2014
Britain: 12 GW of power plant capacity to be taken offline by the end of 2023
About 12 GW of power plant capacity might be taken offline in Britain by the end of 2023, because of tougher European Union pollution laws, according to Reuters estimates published on Wednesday. Britain’s main goal is to ascertain a varied, low-carbon and efficient energy mix so as to cut emissions and offer consumers the best transaction, as stated by a spokeswoman from the UK’s Department of Energy and Climate Change.
read more... 13/03/2014