Latest news
China’s power generation capacity to double by 2030
China is likely to more than double its generation capacity by 2030, with half of all new plants powered by renewable sources including large hydro, while coal will remain the most important fuel. China’s total power generating capacity would almost double by 2030 to 2.7 terawatts.
read more... 07/11/2013
EDF’s sales up 6.9% in the nine months of 2013
French utility Electricite de France (EDF), the largest electricity generator in Europe and the biggest producer of nuclear power worldwide, registered an increase of 6.9 percent in its nine-month sales amid power prices increases.
read more... 07/11/2013
Daily: UK prompt gas prices slip on oversupplied market
U.S. crude futures increased by nearly $2 a barrel on Wednesday, recovering from four-month lows, on surprisingly large declines in U.S. fuel supplies to narrow its spread with European Brent crude by more than $1. Meanwhile, Brent traded higher, supported by concerns about prolonged supply outages in Libya as the peak northern hemisphere winter heating season emerges.
read more... 07/11/2013
Centrica strikes a £4.4bn LNG deal with Qatar
Centrica, the company parent of British Gas, has inked a four-and-a- half agreement with Qatargas, implying the purchase of liquefied natural gas (LNG) from Qatar to supply three million British households(13% of the UK’s gas needs).
read more... 07/11/2013
Nuclear outlook in the UK
Currently, the UK has 16 reactors generating on average about 19% of its electricity and all but one of these will be retired by 2023.The country has a number of reactors which are currently reaching the end of their working life, and it is now unclear how they will be replaced.
read more... 06/11/2013