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Daily: Spot power prices increased on lower wind in Germany, nuclear supply in France
Oil prices decreased more than 1 percent yesterday on renewed worries over an oil oversupply, a stronger dollar and hopes that Nigerian insurgents will stop hampering country's crude production. Brent crude decreased 66 cents arriving at $49.26 a barrel, down 1.3 percent. U.S. West Texas Intermediate (WTI) crude diminished 66 cents, or 1.4 percent, at $46.98.
read more... 30/08/2016
EDF and French government settle on 400 million euro compensation for Fessenheim closure
French state-controlled utility EDF and the French government have settled on a 400 million euro ($450 million) compensation package for the shutting down of EDF's Fessenheim nuclear plant, as stated by a source familiar with the situation on Wednesday.
read more... 29/08/2016
Investors ask G20 nations to approve Paris climate deal this year
Investors running assets of over $13 trillion urged leaders of the Group of 20 on Wednesday to approve a global climate deal by the end of 2016 and to intensify efforts to move from fossil fuels.
read more... 29/08/2016
Daily: UK prompt gas prices fell on Friday due to an oversupplied system
On Friday, oil prices remained generally unchanged in a volatile session, as traders responded to comments from Fed Chair Janet Yellen and rumors of missile activity in Saudi Arabia. Brent crude futures increased by 25 cents or 0.5 percent arriving at $49.92, while U.S. crude oil prices ended the session at $47.64 up 31 cents.
read more... 29/08/2016
Engie and Alpiq make rooftop solar agreements in search of profits
Engie's Belgian division Electrabel and Switzerland's Alpiq have sealed rooftop solar panel installation partnerships in a bid to increase their share of the solar retail market and raise profits from energy services.
read more... 29/08/2016