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Daily: European power forwards at fresh lows on weaker coal, carbon prices, economic slowdown in China
Crude oil prices dipped 6 % to hit new 12-year low as further reductions in the Chinese stocks market threatened to sink crude as low as $20 a barrel. Morgan Stanley warned that a further devaluation of the yuan could send oil prices spiraling into the $20-$25 per barrel range, prolonging the year's 15 percent decline. Brent crude futures eased $2.00 to close at $31.55 a barrel, their weakest since April 2004. Brent has collapsed more than 15 percent in six consecutive days of losses, the largest fall in a year. U.S. WTI crude futures shed $1.75 to settle at $31.41 a barrel, the lowest level since December 2003.
read more... 12/01/2016
WWF Scotland: “Huge year” for Scottish wind industry
Wind power generated the equivalent of 97% of Scotland's household electricity needs in 2015, being a “huge year” for renewable industry, according to figures released by WWF Scotland.
read more... 11/01/2016
Germany: RWE vends Lynemouth electricity plant to EPH
RWE, Germany's second-largest utility, has decided to vend its Lynemouth coal-fired power plant in Britain to Czech-Slovak energy investment group EPH, it declared on Thursday.
read more... 08/01/2016
Poland might deal with electricity supply problems if cold snap continues
Poland might deal with problems with electricity supplies in the coming days if the cold weather conditions continue while river water levels are low, as stated by Polish power grid operator PSE on Tuesday.
read more... 07/01/2016
EFT begins testing first 300 MW power plant in Bosnia
UK-based trading and investment conglomerate Energy Financing Team (EFT) declared on Tuesday it had begun testing its first electricity generation facility, the 300-megawatt (MW) Stanari coal-fired power plant in northern Bosnia.
read more... 06/01/2016