Latest news
Daily: European power prices jump on colder weather forecasts, weak renewable supply
Brent crude boosted almost $2 a barrel on Friday for its sharpest daily gain in three weeks as a support came a day after prices plunged to four-year lows below $80. Brent's new front-month contract, for January delivery, settled at $79.41 from Thursday's $77.49. U.S. crude's front-month increased by $1.61 to close at $75.82 a barrel, after a four-year low at $73.25 and session high of $76.30.
read more... 17/11/2014
Daily: European forward power prices continue to increase on cold spell forecasts
Brent crude settled down on Tuesday after hitting a four-year low, while WTI crude ended up, despite expectations that U.S. oil stockpiles increased in the previous week. Brent declined by 67 cents, or 0.8 percent, to close at $81.67 a barrel, after slipping earlier to $80.46, the weakest level since September 2010. WTI crude soared 54 cents, or 0.7 percent, to settle at $77.94 a barrel, after a setting a session low at $76.42.
read more... 12/11/2014
British wind farms compensated by National Grid to stand idle
British wind farms were remunerated by a record amount of £ 43,000,000 to stand idle so far this year because they were generating more power that National Grid could cope with.
read more... 12/11/2014
Daily: European power prices increase tracking gains in coal and carbon prices
WTI crude oil reversed earlier gains on Monday, dropping more than $1 and Brent crude also declined as U.S. dollar rally outweighed concerns about conflicts in Libya and Ukraine. U.S. front-month crude futures slipped as low as $77.20 before settling at $77.40 per barrel, down $1.25. Brent crude also closed down more than $1 per barrel at $82.34.
read more... 11/11/2014
Finland signs electricity export agreement with Russia
Finland on Friday signed an accord that permits power exports to Russia from the beginning of December, as stated by its grid firm Fingrid, making two way flows on the connection that had been employed for imports.
read more... 10/11/2014