The Italian power demand in August dropped by 2.5%

08/09/2010 00:44 Electricity Market


The power demand in Italy for August month dropped 2.5% arriving at 24.7 billion KWh, caused by cooler weather, according to the Italian grid operator Terna on Monday.

The lower temperatures have led to a decrease of the demand for August, which normally should have fallen by 1.4% if the monthly figure was adjusted to the average temperature. In the first 8 months of the year, the power demand increased by 2.1%, while in 2009 the demand for the same period of time decreased by 7.6% comparing to 2008, following the economic crisis. Domestic power production of 22.2 billion KW/h have seen a decrease of 3.2% comparing to 2009, meeting 88.6% of demand in August.

Power sharing plan could see UK and Netherlands 'go Dutch' with North Sea offshore wind

23/09/2020 08:08:00

Interconnecting infrastructure to be examined as nations seek to maximise green energy use


Daily (22.09.2020): Crude oil started the new week on a bearish mood amid virus resurgence in Europe and expectations for return of Libyan crude production

22/09/2020 09:44:00

Expectations that Libyan crude will soon return to the market coupled with worries over a rise in European COVID-19 cases and a global equity market selloff dampened the sentiment on the oil markets on Monday. Hence, Brent crude for November delivery shed by $1.71, or 4% to settle at $41.44 a barrel. Meanwhile, U.S. WTI crude fell by $1.80, or 4.4%, to end at $39.31 a barrel.


Iberdrola to create new business unit to develop green hydrogen

22/09/2020 09:12:00

Spanish utility Iberdrola said on Monday (21 September) it would create a new business unit aimed at developing green hydrogen to supply industry and heavy transport.