Latest news
Coal prices need $80 rise for gas to become competitive
A steady decline in European coal prices that has coincided with a tight gas market means that coal prices would have to rise by almost 80 USD/tonne in order to restore competitiveness to gas for power generation, Deutsche Bank said in a note.
read more... 25/01/2013
Ireland to power millions homes in UK through wind power
Irish Minister for Communications, Energy and Natural Resources, Pat Rabbitte, and his British counterpart, Ed Davey, are to sign an agreement to export wind energy from Ireland to power millions homes in the UK. Ireland has agreed to sell wind energy to Britain in a move that could create thousands of jobs by 2020.
read more... 25/01/2013
Switzerland to vote on nuclear phase-out
Currently Switzerland has 5 nuclear reactors which generates 40% of its electricity, but an initiative submitted by the Green Party to phase-out nuclear energy by 2029 has secured enough support for a national referendum, as the Swiss Federal Chancellery has announced that 107,533 of the 108,227 signatures presented in a petition in November are valid.
read more... 24/01/2013
Daily: German spot electricity climbs on colder weather, lower wind
Brent crude oil futures settled higher on Wednesday on encouraging UK jobs data and after U.S. crude oil prices decreased considerably on news of an unplanned constraint on pipeline, which was expected to lessen an oil surplus in the U.S. Midwest and reduce the spread between Brent and U.S. oil prices. Meanwhile, Brent March crude climbed 38 cents, or 0.34 percent, to settle at $112.80 a barrel, having traded from $112.06 to $113.15.
read more... 24/01/2013
China to limit energy consumption at 8% by 2015
The Chinese government has announced, on Wednesday, that China will aim to limit total annual primary energy consumption to 8% a year from 2010 to 2015, as it seeks to improve efficiency and to decrease emissions of greenhouse gases and pollution. It intends also to limit installations of new-coal fired power plants while improving the share of renewables.
read more... 24/01/2013