Latest news
Spain envisages 2.7 billion euro cuts in subsidies
Spain's government intends to cut subsidies for renewable-energy suppliers and increase electricity bills as part of widespread reforms to its energy policy. The government had announced a series of actions intended at reducing the country’s tariff deficit, which amount to more than 26 billion euro, and has been accumulated as a result of a discrepancy between generating costs and electricity prices for consumers for a long period.
read more... 09/08/2013
Gas-fired plants face profit squeezes and opportunistic investment
Utilities across Europe have been hit by high gas prices and low power contracts, which have squeezed their profit margins.
read more... 09/08/2013
Daily: Crude oil dips for 5th consecutive session
U.S. crude oil dipped for a fifth consecutive session on Thursday as speculative funds and traders held a record net long position, triggering a drastic price reversal late in the day.
read more... 09/08/2013
IEA: CO2 emissions from energy consumption increased in 2012 worldwide
According to a recent report released by the International Energy Agency (IEA) global CO2 emission from energy consumption increased 1.4% last year to 31.6 billion tons. The energy sector accounts for more than two-thirds of greenhouse gas emissions.
read more... 08/08/2013
Daily: European power trades lower on weaker demand, high hydro output
Brent crude futures fell on Wednesday towards $108, declining for a fourth consecutive day, as supply fears eased and on caution ahead of China and U.S. data.
read more... 08/08/2013