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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


UK: New supplier offers 100% renewable energy

A new energy firm that offers 100% green power has been launched. Pure Planet proposes only one tariff – the same price the company pays on the wholesale market.

read more... 09/05/2017


EU provides €800 mln to connect energy infrastructure

The EU is offering €800 million (£674m) of funds for power, gas and smart grid infrastructure projects. The backing will aid to reinforce Europe’s internal energy market, increase the security of energy supply and provide clean, sustainable energy across the continent.

read more... 28/04/2017


Verbund to continue operation of Mellach combined cycle gas turbine power plant

Austrian hydropower-focused utility Verbund has abandoned plans to sell its Mellach gas-fired power plant in the province of Styria, as the purchase offers of potential buyers did not meet management's expectations.

read more... 15/03/2017