Latest news
UK’s energy firms to face tough sanctions for market manipulation
The British government is considering introducing a wave of tougher sanctions against energy firms for market manipulation to overcharge customers, said energy minister Ed Davey on Thursday.
read more... 01/11/2013
Germany's green energy surcharge will increase 18% in 2014
German network operators have announced that the surcharge added to German electricity bills to cover the cost of renewables is set to increase 18 % to a record high of 6.24 cents per kilowatt hour. The charge has more than quintupled in the last 4 years, while increasing German household power bills, which now are the third- highest in the European Union.
read more... 17/10/2013
Gazprom could face a 15 billion dollars fine from EU regulators
After a year-long investigation the EU regulators are preparing to charge Russian gas export monopoly Gazprom over suspected infringement of EU competition rules in member states including Bulgaria, the Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland and Slovakia, risking a fine of up to 15 billion dollars. Currently Gazprom supplies a quarter of Europe's gas consumption needs.
read more... 04/10/2013
Royal Dutch Shell: 15% drop in Q3 profits on lower oil prices
World No.2 oil company Royal Dutch Shell registered a 15 per cent decline in current cost of supply profits in the third quarter, dragged down by lower crude prices, a fall in output and special charges outweighed stronger margins in refining.
read more... 05/11/2012
South Africa to introduce a carbon tax in 2013 to curb the emissions
South Africa could introduce a carbon tax in 2013 as part of the country’s national budget at the end of last week, becoming the latest major economy to control the discharge of carbon dioxide.
read more... 15/03/2012