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Daily: European spot electricity prices decrease sharply on firmer wind production
U.S. crude oil tumbled on Tuesday to settle below $40 a barrel for the first time since April as continuing concerns of crude and refined fuel oversupply and a decrease in U.S. equities counterbalanced an early boost from a weak dollar. U.S. West Texas Intermediate (WTI) crude ended down 55 cents, or 1.4 percent, at $39.51 a barrel, after earlier rallying to $40.91. Brent crude lost 34 cents, or 0.8 percent, to close at $41.80, after attaining a session high at $43.18.
read more... 03/08/2016
EDF’s board of directors approve the final investment decision for Hinkley Point C nuclear power plant in UK
French electricity giant EDF made the final investment decision to build the two nuclear reactors at Hinkley Point C in Somerset, in south-west England.
read more... 01/08/2016
EDF shareholders authorize $4.4 billion fundraising for nuclear electricity
Shareholders at EDF have approved a $4.4 billion equity fundraising that will go towards paying for the UK’s Hinkley Point C plant as well as improving other nuclear facilities in France.
read more... 28/07/2016
SSE energy mix dominated by gas and oil power
Unfavorable weather conditions and a weak economy facilitated more electricity share from gas and oil fired power plants in the SSE portfolio from April to June.
read more... 25/07/2016
British second largest energy supplier SSE lost 50,000 customers
SSE, British energy supplier, one of the “Big Six” said it had lost another 50,000 electricity and gas customers over the three months ending June 30, as small suppliers are gaining market share from incumbents.
read more... 21/07/2016