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Bulgaria enforces 5% revenue tax on electricity producers, importers
Bulgaria will enforce a 5 percent tax on profits for power producers and importers since it aims to reduce a deficit at its state-owned utility, as decided by its parliament on Wednesday.
read more... 23/07/2015
UK unveils a new set of renewables subsidy cuts
UK unveils a new set of renewables subsidy cuts DECC proposed a new wave of incentives cuts for small – scale solar installations, modifying the way renewable projects qualify for payments and changing subsidies for biomass plants.
read more... 23/07/2015
Daily: European spot power prices retreat due to lowering air conditioning demand
Crude oil prices declined and WTI closed below $50 a barrel on Wednesday after government figures indicated that crude oil stockpiles in the United States strengthened last week and as a stronger dollar and weaker global equities added to pressure. U.S. crude for September delivery tumbled $1.67, or 3.28 percent, to settle at $49.19 a barrel, first settlement below $50 since April. Brent crude for September delivery dropped 91 cents to close at $56.13.
read more... 23/07/2015
Croatia tries to find investors to develop Adriatic LNG terminal
Croatia's electricity utility HEP and gas transmission system operator Plinacro on Tuesday invited investors to show interest in constructing a liquefied natural gas (LNG) terminal in the northern Adriatic, part of the country's effort for energy independence.
read more... 23/07/2015
EU carbon allowances rocket to the highest level since 2012
European Union carbon allowances (EUAs) soared to the highest level since 2012, breaking the €8 mark, continuing a recovery that saw prices plunging below €3 in 2013 as the market struggled with a glut of allowances due to the financial crash and resulting decline in industrial production.
read more... 22/07/2015