Latest news
E.ON announces drastic jobs cuts
Last week, E.ON, the largest power utility in Germany, announced its intention to cut up to 11, 000 jobs worldwide and reduce dividends after first-half profit plunged because of the increased costs following nuclear exit. That’s approximately 10 percent of jobs that will be affected by this drastic measure.
read more... 19/08/2011
Daily energy Overview, Thursday, August 18, 2011
U.S. and Brent crude oil futures increased on Wednesday recovering after a fall in prices as a government report about a huge drop in the U.S. gasoline stockpiles supported an increase in crude inventories and worries for a slow economic growth.
read more... 18/08/2011
Scottish Power grid upgrade to create 1,500 jobs
The energy supplier Scottish Power envisages modernizing 500 miles of overhead lines in the next ten years, as Spanish power utility Iberdrola plans to invest GBP 3 billion (EUR 3.411bn) in the upgrade of Scottish power grid.
read more... 18/08/2011
Daily energy Overview, Wednesday, August 17, 2011
U.S. and Brent crude oil futures shed on Tuesday on indicating data about a decrease in gasoline stocks more than expected previous week and a failed summit between German and French leaders to present a solution to avoid the debt crisis.
read more... 17/08/2011
EDF to compensate 100, 000 customers billed incorrectly
EDF Energy recognized that it overcharged 100, 000 customers for their electricity bills, following a fault with its automated telephone meter reading system, during a seven year period.
read more... 17/08/2011