Latest news
Daily: French, German spot power prices mixed on Friday
Crude oil prices jumped on Friday after the aggravation of diplomatic relations between Ukraine and main oil producer Russia which stoked supply fears. Global benchmark Brent crude oil rose 90 cents to settle at $109.00 a barrel. Meanwhile, U.S. crude boosted by $1.02 to close at $102.58, encouraged by U.S. job growth at a quicker pace than anticipated on optimistic signs for oil demand.
read more... 10/03/2014
France: EDF to shut down oil-fired plants for half a year
EDF French group will shut down its oil-fired plants for half a year starting from April, taking offline a power capacity of 5,000 MW, because the plants turned out to be uncompetitive among huge overcapacities in the European electricity sector.
read more... 06/03/2014
Three power exchanges are penalized by EU antitrust regulators
Three power exchanges have been fined on Wednesday by EU antitrust regulators for approximately 6.9 million euros because of the anti-competitive practices impeding Europe’s plan to establish an integrated energy market.
read more... 06/03/2014
Latvia delays deregulation of the electricity market until 2015
The ruling coalition in Latvia decided to put off the liberalization of the power market until the elections, in order to have more time to set up a scheme of refund for poorer residents who are trying to find money to pay for increasing energy bills.
read more... 04/03/2014
Germany’s Siemens wins a significant power contract in Qatar
Siemens won a contract estimated at $253 million from Qatar General Electricity and Water Corporation (KAHRAMAA), aiming to construct nine substations, according to the declaration made on Sunday by German corporation.
read more... 03/03/2014