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OMV Petrom on track to exceed 2019 power output

OMV Petrom, Romanian arm of Austria's OMV, boosted its third-quarter power output on the year, spurred by higher spark spreads. Full-year generation is now on track exceed both 2019's level and the firm's 2020 target.

read more... 30/10/2020


Tesla Launches UK Energy Plan With Low Power Rates

Tesla is offering its Tesla Energy Plan in the UK designed for homes with solar and Powerwall that will turn them into virtual power plants to produce clean energy.

read more... 29/10/2020


Daily (28.10.2020): British near-term gas prices hit one-week low on Tuesday amid a less cold weather, strong wind power generation

Oil futures rebounded on Tuesday after the Tropical Storm Zeta slashed considerably the energy output in the Gulf of Mexico, while worries about the impact on demand from the ongoing surging globally in COVID-19 cases continue to weigh on the market. Hence, Brent crude for December delivery rose by 74 cents, or 1.8%, to end at $41.20 a barrel. At the same time, U.S. WTI crude for December delivery soared by $1.01, or 2.6%, to settle at $39.57 a barrel.

read more... 28/10/2020


Siemens launches local power trading platform with German utility

Using blockchain technology to link participants via an app, it allows producers to earn money from marketing their excess production, the firms said, while distributing power locally represents a more efficient use of the grid

read more... 23/10/2020


Britain's wind power capacity could grow by 5 per cent this winter-research

The analysts said 1.3 gigawatts (GW) of new capacity could come online through March next year, which would take total capacity to 25.4 GW, a rise of 5per cent

read more... 22/10/2020