Latest news
Daily: German year-ahead power prices at 8-year low as coal, oil market decline
Brent crude rose towards $105 per barrel on Monday after United States showed optimistic hiring figures, but not enough to incite fears about near-term tampering of the Federal Reserve’s massive stimulus. Meanwhile, Brent oil climbed 6 cents to $104.62 a barrel by 05:07 GMT, after hitting $104.76 earlier. U.S. oil rose 9 cents to $96.12 per barrel.
read more... 11/06/2013
Spain to reduce subsidies to renewables
Spain government has recently announced it intends to reduce renewable subsidies by 10-20% by 21 June. The decision came following a meeting between representatives of Spanish and foreign banks and industry officials last month, when it was concluded that government subsidies increased the costs for the functioning of the nation's electrical system, and the costs of running the renewable systems have been higher than the amount of money generated by actual sales of power to households and businesses.
read more... 11/06/2013
Italy: Electricity consumption down 3.4% in May
According to the Italian power grid operator Terna, Italy’s electricity consumption was down 3.4% last month in comparison to the year before, to 25.3 billion kWh. The drop in electricity demand is due to the crisis, but the good news is that Italy now has an abundance of energy, which is reflected positively on prices.
read more... 10/06/2013
Coal India to invest in solar power
The largest coal company in the world, Coal India, has announced it intends to invest in solar power aiming to reduce energy bills and to cut costs. The company, which is responsible for more than 80 % of coal production in India, intends to install a 2MW plant at its Sampalbur coal plant in Odisha. The plant will have the potential to be scaled up to provide excess electricity to the grid.
read more... 10/06/2013
Siemens proposes to Germany a new energy transition concept
Germany could save over €150bn by 2030, reducing in such a way the cost of its transition to renewable energy from nuclear power, according to a new study released by Siemens, Europe’s biggest engineering company.
read more... 10/06/2013