Latest news
Czech private conglomerates EPH and PPF join forces to make offers for Vattenfall's German electricity plants
Privately-owned Czech energy conglomerate EPH has associated with the country's major investment group PPF to bid for a portfolio of German lignite and hydro power stations being sold by Sweden's Vattenfall, as stated by EPH on Tuesday.
read more... 14/10/2015
Daily: European spot power prices up on colder weather, weak wind supply
Crude oil prices declined on Monday, falling 5 % as traders took profits after last week’s hike to an 11-week high and report that OPEC kept on to increase production despite a continuous oversupply. Both Brent and U.S. crude futures recorded the largest percentage losses since the start of September with the North Sea crude slipping $2.79 at $49.86 and West Texas Intermediate declining $2.53 at $47.10. OPEC slashed its estimate of 2016 world oil demand growth by 40,000 bpd to 1.25 million bpd amid sluggish growth in China.
read more... 13/10/2015
German households – a potential increase in green power surcharge to 6.35 cents/kWh
A renewable energy surcharge levied on German consumers to sustain green electricity production is expected to insignificantly increase next year, after dropping this year, as stated by two sources with knowledge of the new charge on Friday.
read more... 12/10/2015
Germany to offer €1 billion financial assistance to India’s renewable energy sector
Germany will offer a financial assistance of €1 billion (USD 1.12bn) to India for the development of solar power projects in the Asian country over the next five years, move announced following German Chancellor Angela Merkel’s recent visit to India.
read more... 09/10/2015
Daily: European day-ahead power prices jump amid weaker renewable output, robust fuel demand
Crude oil prices soared over $2 a barrel on Tuesday, breaking out of a month-long trading range on technical buying and industry talks as well as spurred by U.S government figures indicating that the global oversupply could ease. Brent rose by $2.67, or 5.4 percent, to settle at $51.92, breaking out of the $47 threshold it had held since early September. WTI jumped by $2.27, or 4.9 percent, to close at $48.53 a barrel.
read more... 07/10/2015