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UK coal consumption increased 32.5% in 2012
According to the latest statistics released by the Department of Energy and Climate Change, consumption of coal in UK increased by 32.5% in 2012, reaching its highest level since 1996, while gas output fell by 33.8%, its lowest level since the same year. Coal power surpassed gas, becoming the biggest single source of UK electricity in 2012.
read more... 01/03/2013
Daily: European power prices fall on forecasts for slightly warmer weather
Front-month Brent and U.S. crude oil futures tumbled by 49 cents and 71 cents a barrel respectively on Thursday, taking losses over the course of February to 3.6 percent and closing the month at $111.38 a barrel. Brent crude reached a high of $112.57 a barrel during Thursday’s session, before reversing, touching a low of $110.87 later on. Meanwhile, U.S. crude reached a high of $93.18 a barrel during Thursday’s session, before reversing, touching a low of $91.57 later on.
read more... 01/03/2013
U.S. continues to govern the world geothermal market
The United States is continuing to be the world leader in terms of geothermal power with 147 MW of new capacity added last year, representing a 5% increase over 2011, according to data released by the Geothermal Energy Association.
read more... 01/03/2013
Bulgarian government to resign amid protests over high electricity costs
After violent protests against electricity bills and austerity measures, the Bulgarian government has resigned on Wednesday. The Prime Minister, Boiko Borisov, had tried to calm protests pledging to cut power prices and punish foreign-owned companies, but the moves failed to defuse displeasure, and protests continued on Tuesday.
read more... 21/02/2013
Daily: European power prices drop significantly after CO2 vote
Brent and U.S. crude oil futures increased on Tuesday after choppy trading supported by strong equities on Wall Street, with worries about France's economic growth capping any support from supportive data out of Germany. Brent April crude climbed 14 cents, or 0.12 percent, to settle at $117.52 a barrel, having traded from $116.55 to $117.60. Meanwhile, U.S. March crude gained 80 cents, or 0.83 percent, to settle at $96.66 a barrel, having traded from $95.25 to $96.73.
read more... 20/02/2013