Latest news
Baltic electricity grids to harmonize with European system by 2025
The Baltic states of Lithuania, Latvia and Estonia have decided a roadmap to connect their electricity systems with those of other European Union members by 2025 since they aim to cut their reliance on Russia.
read more... 15/12/2014
Czech company EPH struggles for E.ON’s Italian assets
Privately-held Czech energy group EPH would like to acquire several Italian assets put on sale by German utility E.ON, potentially pitting it against France’s EDF in a 2 billion euro ($2.5 billion) battle, as stated on Thursday by two sources familiar with the situation.
read more... 12/12/2014
Daily: European thermal coal prices recover from their downward trend
Brent crude oil fell below $66 a barrel on Wednesday, declining just above a five-year low, on signs of supply glut and flat demand as global economic growth is stagnating. Brent contract reached $65.29 on Tuesday, its lowest level since September 2009. U.S. crude futures dropped $1 to settle at $62.82 a barrel, dragged down by an increase in inventories in the U.S.
read more... 11/12/2014
Hungary and Russia ink agreement for nuclear plant development
Hungary and Russia will begin working next year on developing the central European country's single nuclear power plant with two 1,200 megawatt blocks, which are likely to start operating in 2025 and 2026, as stated by a Hungarian government representative on Tuesday.
read more... 10/12/2014
Daily: European prompt power prices fall on strong wind supply, lower consumption
Brent crude recovered on Tuesday after a 5-year low and U.S. crude also rebounded as players were looking for a viable price for oil in a market chased by supply glut worries. Brent increased 65 cents, or 1 percent, to settle at $66.84 a barrel. U.S. crude rose 77 cents to close at $63.82 a barrel, after having fluctuated between a high of $64.20 and low of $62.25.
read more... 10/12/2014