Latest news
Spain’s Garona shuts down
Spain’s oldest nuclear plant Garona, suffers shutdown due to a new energy tax imposed by the government. After years of selling power below costs, Spain’s government decided to introduce higher taxes on electricity generation as a measure to deal with a 24 billion euro energy tariff deficit.
read more... 17/12/2012
Main aspects of British proposed power market reform
Britain proposed legislation for a major overhaul of its electricity market that will encourage investment in low-carbon types of energy to help meet legally binding emissions-reduction targets. The government faces the challenge of keeping bills affordable for consumers while ensuring intermittent renewable energy is backed up by stand-by power plants and safeguarding tax revenues from oil and gas exploration.
read more... 12/12/2012
E.ON- the last of “the big six” to increase energy prices
E.ON, UK's second-largest energy supplier with six million customers, is planning to raise gas and electricity prices next week, blaming wholesale, transmission and social scheme costs.
read more... 11/12/2012
Daily: German and French spot electricity prices boost on lower wind
Front-month Brent and U.S. crude oil futures fell by $1.08 and 59 cents a barrel respectvely on Tuesday on worries about the impact of the U.S. budget crisis on already struggling demand. Meanwhile, Brent contract for January delivery traded as high as $110.92 a barrel during intraday activity, and declined to a low of $109.15 a barrel. WTI crude futures traded as high as $89.18 a barrel and as low as $87.57 during intraday activity.
read more... 05/12/2012
Germany sets new legislation to avoid electricity blackouts
The German parliament adopted a law aimed to curb blackouts by easing 3 GW of capacity, as the country’s costly nuclear phase-out and fluctuating renewable are threatening its power grid.
read more... 04/12/2012