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Daily: European power prices diverge, with German lower on strong winds
Crude oil lost more than 3% on Monday, pressured by a decline in gasoline prices and fears about whether the United States will have its first interest rate increase in nearly a decade. WTI futures lost 63 cents, or 1.41 percent, to close at $44 a barrel. Front-month Brent crude futures eased $1.70, or 3.6 percent, to settle at $46.40 a barrel.
read more... 15/09/2015
ABB ready to decide on Power Grids future in 2016
ABB will probably decide next year what to do with its new Power Grids unit, as told by the Chief Executive Ulrich Spiesshofer to a Swiss newspaper, restating that all options were open for the business.
read more... 14/09/2015
RWE to receive the go-ahead from Dutch Court to continue construction of 1.6 GW coal-fired facility in Netherlands
German energy giant RWE has received the green light from a Dutch court to continue the construction of the 1600MW controversial coal-fired power station near Eemshaven Port in Groningen, Netherlands.
read more... 11/09/2015
E.ON to quit nuclear business spinoff amid a substantial net loss forecast
E.ON, the biggest utility in Germany, is likely to abandon its plans to spin off its German nuclear plants, saying that will record a substantial net loss for the year, due to low power prices.
read more... 10/09/2015
Poland could institute capacity market in 2016
Poland might launch a power capacity market in 2016 to aid Eastern Europe's major economy avoid electricity shortages since higher consumption puts pressure an old grid, as stated by a minister on Wednesday.
read more... 10/09/2015