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At least five companies likely to bid for Gas Natural's Italian assets

At least five energy and infrastructure companies are likely to place non-binding offers for the Italian assets of Spain's Gas Natural, as stated by two sources close to the matter on Friday, adding foreign funds were also looking at the agreement.

read more... 26/06/2017


UK: Ofgem will reduce subsidies for small power generators

Britain’s energy regulator Ofgem declared on Tuesday it will cut subsidies to several small electricity producers that offer back-up during peak demand. According to Ofgem, this move would reduce household electricity bills by around 20 pounds a year, since the cost of the subsidies is included in overall network fees charged to power companies, which these pass on to consumers.

read more... 20/06/2017


Statkraft will start sale of its stakes in two UK wind parks

Norway's state-owned electricity company Statkraft will this month offer for sale its stakes in two wind parks off Britain's coast, Sheringham Shoal and Dudgeon, and wants to reach an agreement early in 2018, as stated by a spokesman for the firm on Tuesday.

read more... 15/06/2017


Daily (02.06.2017): British wholesale gas prices fell on Thursday, on lower demand

Oil prices increased on Thursday after a larger-than-expected domestic inventory drawdown, offering some relief amid investor uncertainty that OPEC-led reductions will be sufficient to rebalance an oversupplied market. Brent crude rose by 32 cents, or 0.64%, to settle at $50.63. Meanwhile, U.S. crude futures closed cents higher at $48.36 a barrel.

read more... 02/06/2017


France: EC conditionally approves state aid for the Landivisiau gas-fired power plant

Earlier this week EC has approved France’s plan to offer state assistance to the 400MW Landivisiau gas-fired power plant in Brittany.

read more... 17/05/2017