Latest news
Swedish Vattenfall cancels the sale of Germany’s Gasag
Swedish utility Vattenfall and German peer E.ON announced that they cancel the sale process of their joined participation in Gasag, the eastern German gas supplier, as consequence of its weak bid.
read more... 10/05/2010
Gas trading volume doubled in Germany last year
According to British consultancy Prospex, German gas trading volume increased more than twice in 2009, reaching 955.2 TWh, up from 407.8 TWh in 2008, mainly due to faster merging of gas transmission zones.
read more... 07/05/2010
PPL is buying an E.ON unit
The world’s most important company by sales, Germany's E.ON, has signed a contract, concerning the selling of its Kentucky’s based unit, to U.S. PPL, for $ 6.7 billion (5 billion Euros) in cash. This deal makes PPL shares decrease by 8%, but it will increase its business mix of regulated and unregulated operations.
read more... 29/04/2010
Germany inaugurated its first offshore wind farm
First German offshore wind farm, Alpha Ventus, was inaugurated at a ceremony in Norddeich, situated 45 kilometers off the coast of the island of Borkum.
read more... 29/04/2010
Nordic power prices up
Nordic electricity forward prices increased, being caused by high power and coal prices in Germany, as well as stable prices for carbon emissions.
read more... 26/04/2010