Britain will run its first auction for reserve power capacity on December 16, a model that will be an example for other European nations intending to manage capacity markets that recompense operators for possessing power generation in back-up form.
read more... 22/08/2014
Brent and WTI crude futures boosted on Thursday spurred by upbeat economic data from the United States after an ample supply outlook and as Chinese economic figures had earlier pressured prices. Brent crude for October delivery on Thursday climbed 35 cents to settle at $102.63, up from its session low of $101.21. U.S. crude for October delivery increased 51 cents to close at $93.96 a barrel, reversing earlier losses.
read more... 22/08/2014
Lithuania's major power producer, Lietuvos Energijos Gamyba (LEG), will shut 900 megawatts of gas-fired generation capacity by 2016 because of negative margins, as stated by the company on Wednesday.
read more... 21/08/2014
Croatian power board Hrvatska Elektroprivreda (HEP) is searching for a strategic partner to construct a new hydro power plant and brought out an invitation for expressions of interest on Wednesday.
read more... 21/08/2014
Britain's opposition Labour Party has promised to offer energy regulator Ofgem the authority to annul electricity and gas suppliers' licences if they constantly violate rules and harm their customers.
read more... 21/08/2014