Latest news
French government to compensate EDF for a renewable tax deficit
The French government agreed on Monday to pay state-controlled power utility Electricite de France SA (EDF) €4.9 billion ($6.57 billion) in order to compensate costs related to the purchasing of electricity generated by renewable sources and subsidies for electricity sold to the poor, move that increased EDF's shares by about 5%.
read more... 15/01/2013
China’s power consumption up 5.5%
According to the National Energy Administration, China’s national electricity consumption was 4.9 trillion kilowatt hours in 2012, up 5.5 percent in comparison to 2011, when it registered a growth of about 11.7%.
read more... 14/01/2013
Italian Eni to sell 1.7 million tonnes of LNG to Japan and South Korea
The Italian oil and gas giant Eni has inked a three-party deal with Korea Gas Corporation and Japan's Chubu Electric Power Company envisaging selling 1.7 million tonnes of liquefied natural gas (LNG) to Japan and South Korea between 2013 and 2017.
read more... 14/01/2013
Daily: European power prices hit new lows despite strong oil prices
Brent and U.S. crude oil futures edged up on Thursday, being supported by Chinese trade data which spread expectations for improving demand, while news that Saudi Arabia has slashed its oil output in the previous two months also contributed to lift oil prices. Brent February crude climbed 13 cents, or 0.12 percent, to settle at $111.89 a barrel. Meanwhile, U.S. February crude boosted 72 cents, or 0.77 percent, to settle at $93.82 a barrel, having traded from $93.08 to $94.70.
read more... 11/01/2013
China to double its installed solar power capacity in 2013
Chinese government intends to add 10 gigawatts (GW) of installed solar power capacity in 2013, up from 7 GW at the end of 2012, this new goal will more than double its installed solar power capacity in 2013 in comparison to 2012 when they suffered heavy losses because of the sliding foreign demand as Europe cuts subsidies for green power and panel prices drop by 30 per cent last year, virtually erasing firms’ profits.
read more... 10/01/2013