Latest news
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
China to apply more stringent coal regulations
China, the most polluted country in the world and with coal accounting about for 70% of the energy mix, decided to curb its coal consumption by 65%, while gas will be increased to 7.5% by 2015, according to China’s 12th five-year plan for energy industry.
read more... 03/06/2013
EU energy sector in danger and requires urgently a reform
The EU energy sector needs support for innovation if they want to reduce energy costs. European power companies will have to develop new technologies, to approach more to consumers and expand newer business models and services. European leaders and the energy- industry chiefs have taken steps toward reviving energy-market reform and setting long-term targets for renewable energy.
read more... 24/05/2013
German industry enjoys lower power prices
German industry enjoys a raft of special power price breaks to shield its international competitiveness.
read more... 24/05/2013
Daily: European spot power prices up on colder weather
Crude oil prices dropped on Tuesday dragged down by a significant decline in U.S. gasoline futures and as an industry report released by API indicated stronger fuel stockpiles in the world’s largest oil consumer. Brent crude oil futures for July delivery closed 89 cents lower at $103.91 per barrel, after having fluctuated above $105 and to a low of $103.51. U.S. June crude oil futures, which expired on Tuesday, ended the session 55 cents lower at $95.16 a barrel after trading between $95.50 and $96.97, while July contract ended 75 cents lower at $96.18 a barrel.
read more... 22/05/2013