Latest news
Daily: UK prompt gas prices increase on Belgium flows halt
Brent crude traded below $112 a barrel on Thursday, holding near a three-week high hit earlier in the session, as civil unrest in Africa slashed supply.
read more... 27/12/2013
Daily: Brent crude hits 3-week high on Africa civil unrest
Brent crude increased to above $112 a barrel on Thursday, hitting a three-week high, pushed up by civil unrest in Africa which slashed supply.
read more... 26/12/2013
Scotland’s renewable electricity production has reached record-high levels
According to the figures published by the Department of Energy and Climate Change( DECC), last year, renewables met a record-breaking 40.3% of gross electricity consumption, increasing in comparison to 36.3% in 2011 and 24.1% in 2010, confirming the Scottish Government believes that it is on course for half of electricity use to come from renewable sources by 2015, an interim target ahead of the goal of having the sector generate the equivalent of 100% of the country's electricity needs by 2020.
read more... 24/12/2013
RWE won’t extend contracts with two coal-fired power plants
Yearly, this year, RWE announced it intends to mothball or to shutdown some of its gas and coal-fired power stations because of an increase in renewable energy. The company said a boom in solar energy meant many of its power stations were no longer profitable. A RWE spokesman said that a total of 3,100 megawatts of generating capacity will be taken off line, representing about 6% of RWE's total capacity.
read more... 24/12/2013
What is the future of coal?
According to the U.S. Energy Information Administration, coal production is predicted to increase by 2.5% in 2014 or 1,033 million short tons more, while coal consumption is expected to continue to grow rapidly in emerging markets, with China alone commissioning about 600 GW of new coal-fired generating units by 2030.
read more... 23/12/2013