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Daily: European prompt power prices soar on cold spell forecasts
Brent oil edged 1% higher on Friday on short-covering before weekend, while WTI crude declined, but just above the $40-per-barrel threshold, struggling to defend after a hike in stockpiles. Brent futures rose 48 cents to close at $44.66 a barrel. It boosted to as high as $45.50 during its late rally. U.S. crude's WTI for December delivery expired on Friday down 15 cents at $40.39 after attaining a low of $38.99, the weakest since August 27. WTI for January delivery ended 18 cents higher at $41.90.
read more... 23/11/2015
Wind energy could surpass coal and gas as Europe's major power source by 2030
Wind energy might become the major source of electricity supply in the EU by 2030 if governments apply the right level of ambition in their climate and energy policies, as mentioned in the EWEA's latest report.
read more... 20/11/2015
Egypt obtains a loan of $200 million for gas-fired power plant
A London-based bank is offering $200 million (£130m) for a 1.8GW Combined Cycle Gas Turbine (CCGT) power plant.
read more... 19/11/2015
Daily: German power prices edge higher on slight decline in wind power, expected cold snap
Crude oil prices plunged to near three-month lows before ending higher on Wednesday, dragged down by worries about supply glut and WTI crude futures declined to below $40 a barrel as investors covered short positions in late trading, supporting oil prices. U.S. crude's WTI futures rose by 8 cents to settle at $40.75 a barrel, after hitting a session low at $39.91. The last time WTI traded below $40 was on August 27. Brent crude edged 57 cents higher, or 1.3 percent, to end at $44.14, helped by a relatively bullish outlook for the global crude benchmark versus WTI.
read more... 19/11/2015
Energy Secretary: UK should scrap coal –fired power by 2015
Britain has to halt the remaining coal-fired power stations by 2025 and to restrict their usage by 2023, said Energy Secretary Amber Rudd.
read more... 18/11/2015