Latest news
Norway plans to increase oil taxes
Norway has recently announced that it plans to increase taxes on oil companies by about 3 billion kroner (500 million dollars) while it plans also lowering taxes for traditional industries and close a tax loophole for multinational firms that shifted profits to lower-tax countries.
read more... 07/05/2013
Daily: European spot power prices mixed, with German contract up on tighter supply
Brent crude oil increased more than 1 percent on Monday, exceeding $105 a barrel in choppy trade as Israeli air strikes on Syria triggered worries about Middle East supply to trump fears that global economic weakness may slash demand.
read more... 07/05/2013
EU and China close to a solar trade war
According to recent media reports, the European Union Trade Commissioner Karel De Gucht will recommend on May 8 that the bloc should impose massive punitive tariffs on Chinese solar panels, move that trigger wider trade tensions between Beijing and the EU industry.
read more... 07/05/2013
EU’s urgent need for investments in power sector
An inquiry carried out by the House of Lords into the EU power sector concluded that European Union’s energy network needs an investment of about 1 trillion euro in the next ten years to come in a move which aims to stave off an energy crisis.
read more... 07/05/2013
Bulgaria to switch off 40% of wind, solar power capacity
The Bulgarian authorities will switch off about 40% of its wind and solar power plants in order to equilibrate a power system in danger of instability following a considerable excess of capacity after a drop in consumption and exports.
read more... 03/05/2013