Latest news
New EU proposal suggests to launch carbon market reform on January 1, 2019
A new proposal from Latvia, holder of the EU presidency, puts forward a date of January 1, 2019 to launch reforms of the Emissions Trading System (ETS), as part of efforts to close a compromise agreement, according to EU sources.
read more... 28/04/2015
Lithuania thinks about re-exporting LNG since Russian gas becomes cheaper
Lithuania is envisaging to permit its liquefied natural gas import terminal to re-export LNG to global markets during summer when local demand drops, as stated by the facility's operator on Monday.
read more... 15/04/2015
Daily: European spot power prices diverge with German prices up, French down
Crude oil prices tumbled again in post-settlement trade on Tuesday after a 3-day consecutive loss, as Industry group American Petroleum Institute (API) reported a considerable increase in U.S. crude stocks ahead of official data. Benchmark Brent oil had earlier ended up for the session, spurred by a weaker dollar and short-covering, while U.S. crude settled down on bets that inventories hit record highs for a 10th consecutive week. Brent crude for May delivery settled the session at $53.51, up 7 cents from Monday. WTI decreased to as low as $42.61 a barrel post-settlement, down $1.27. It had closed the session 42 cents lower at $43.46.
read more... 18/03/2015
EU carbon reserve to be instituted in 2018, effective as of 2021
A carbon market reserve to eliminate surplus from the EU Emissions Trading System (ETS) should be instituted in 2018 and effective from 2021, as indicated in the text of the latest concession offer put forward by the Latvian EU presidency.
read more... 17/03/2015
Finland’s Fortum will sell Swedish electricity grid for $6.9 billion
Finnish utility Fortum has decided to sell its Swedish power distribution business to a conglomerate comprising Canada's Borealis for approximately 6.6 billion euros ($6.9 billion), finalizing its withdrawal from Nordic electricity grid assets.
read more... 16/03/2015