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Verbund increases 2015 profit estimation, close to grid settlement
Austrian hydropower supplier Verbund increased its 2015 earnings forecast on Thursday, declaring it was close to an accord over sharing power grid costs with other Austrian utilities.
read more... 13/07/2015
UK’s renewable power industry loses tax reduction, shares plunge
Britain's green energy providers and their clients will no longer be exempt from a climate change tax, as stated by finance minister George Osborne on Wednesday, knocking shares in power producer Drax to their lowest ever level.
read more... 09/07/2015
Austria files a legal challenge against Hinkley C nuclear power station in the UK
Austria, the non-nuclear nation, has filed a legal challenge at the European Court of Justice against £17.6bn EU-granted state subsidies for a new nuclear power plant in Britain, according to government officials.
read more... 08/07/2015
Daily: European prompt power fell sharply on cold, windy weather
Crude oil futures tried to stabilize on Tuesday on the New York Mercantile Exchange (Nymex), after declining sharply the previous day to the level of mid-April, as the market was encouraged by the further extension of talks with Iran, worries about Greece's indebtedness and China's stock market losses. WTI crude fell 20 cents to settle at $51.98 a barrel, a three-month low, and extending to more than 8 percent its drop since Thursday's settlement. Brent rose 31 cents to end at $56.85. Both benchmarks increased in post-settlement trade, after the API indicated the higher-than-expected stockpile drop.
read more... 08/07/2015
Balkans energy ministers decide to establish a regional power market in 2016
Western Balkan countries have decided to establish a regional electricity market covering seven nations since they want to meet increasing demand, intensify security of supply and reduce prices.
read more... 07/07/2015