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Daily (08.10.2019): Higher wind power output and warmer weather pushed NBP spot 6.3% down on Monday
Oil prices were little changed on Monday on hopes of progress in U.S.-China trade negotiations which should take place on Oct. 10-11 in a fresh effort to work out a deal. However, worsening global economic conditions still put pressure on oil demand. Hence, Brent crude ended at $58.35 a barrel, while WTI futures lost 0.1% to end at $52.75 a barrel.
read more... 08/10/2019
EU lends €21m for energy efficiency in Bucharest
The European Investment Bank (EIB) has agreed to lend €21.1 million (£19m) for the third phase of an energy efficiency project in Bucharest.
read more... 08/10/2019
EDF nuclear power generation fell 8.6% in September
Electricity generation from French nuclear reactors operated by utility EDF fell 8.6% year-on-year in September to 27.5 terawatt hours (TWh) due to a high number of reactor outages, the company said on Monday.
read more... 08/10/2019
Finland's Fortum to gain control of Uniper in $2.5 billion deal
Fortum is set to gain control of German energy firm Uniper after the Finnish state-controlled utility said it will acquire a further 20.5% stake, putting an end to a long-standing deadlock between the companies.
read more... 08/10/2019
Wholesale gas prices plummet 66% on strong renewable generation
Wholesale gas prices were 66 per cent cheaper in September than the same month in 2018, while electricity prices were also down significantly helped by strong renewable energy generation, a review by energy supplier Naturgy has found.
read more... 07/10/2019