Latest news
RWE won’t extend contracts with two coal-fired power plants
Yearly, this year, RWE announced it intends to mothball or to shutdown some of its gas and coal-fired power stations because of an increase in renewable energy. The company said a boom in solar energy meant many of its power stations were no longer profitable. A RWE spokesman said that a total of 3,100 megawatts of generating capacity will be taken off line, representing about 6% of RWE's total capacity.
read more... 24/12/2013
Daily: Brent crude holds above $111 on refinery strike in France, dispute in South Soudan
Brent crude oil held steady above $111 a barrel on Monday following weak activity ahead of Christmas holiday as investors concentrated on continuing refinery strikes in France and internal dispute in South Soudan.
read more... 24/12/2013
What is the future of coal?
According to the U.S. Energy Information Administration, coal production is predicted to increase by 2.5% in 2014 or 1,033 million short tons more, while coal consumption is expected to continue to grow rapidly in emerging markets, with China alone commissioning about 600 GW of new coal-fired generating units by 2030.
read more... 23/12/2013
Greece creates preconditions for natural gas privatization with Azeri SOCAR
Greece agreed last week to sell the operator of its natural gas grid to the State Oil Company of Azerbaijan Republic, SOCAR.
read more... 23/12/2013
UK makes public its final Electricity Market Reform plan
The Government has published its package of measures which are aimed at spurring £110 billion (EUR 131 billion) of investment in the energy market and would support 250,000 jobs by 2020. The Electricity Market Reform (EMR) Delivery Plan sets out DECC’s final decision on strike prices for Contracts for Difference (CfDs) for renewable technologies.
read more... 23/12/2013