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Daily: European prompt power soars on higher demand expectations
U.S. crude oil prices closed higher on Monday as traders purchased contracts to cover short positions ahead of a possible deal between U.S. political parties over how to fund the government. U.S. oil closed 39 cents higher at $102.41 a barrel, after trading as low as $101.06, while Brent crude futures ended 24 cents lower at $111.04, after dropping to $109.87.
read more... 15/10/2013
The real cost of renewables versus nuclear and fossil energy
Last Friday, 10 CEO’s of large nuclear and fossil energy producers held a press conference in Brussels, asking European governments to stop subsidising renewable energy. Remarkably, Gerard Mestrallet CEO for GDF-Suez, was one of them. Strange, because in Belgium GDF-Suez is the largest beneficiary of renewable energy subsidies. Zero Emission Solutions, a study and consultancy agency for renewable energy, draws the attention to these CEO’s that today – at least in Belgium - nuclear and fossil energy production benefits from more governmental aid than renewable energy:
read more... 15/10/2013
Daily: European power prices increased on lower wind production
Brent crude oil futures decreased below 111 dollars on Friday, due to improved supplies which counterbalanced optimism for a possible end to the U.S government shutdown. Brent oil was down 77 cents at $111.28 per barrel at 1415 GMT, while U.S. crude decreased $1.75 at $101.26 per barrel, on track for its fourth weekly decline in five weeks.
read more... 14/10/2013
EDF to build and operate nuclear reactors in UK
The U.K. government and Electricite de France SA are close to announcing a great deal that would see France's EDF Energy building the country's first new nuclear power station since 1995. The project could have a total cost of more than 22.4 billion dollars and would be built on the west coast of England.
read more... 14/10/2013
UK: Wind projects and subsidies
The number of turbine projects granted planning permission has more than doubled over the last two years, from 83, in January to August 2011, to 188 during the same period this year, while critics of wind farms say they are inefficient and reliant on public subsidies.
read more... 14/10/2013