Latest news
Germany to equally distribute electricity network costs
Germany intends to distribute more evenly the bill for its electricity networks across regions, a move that would benefit households and small firms in east Germany, as mentioned in a draft law noticed by Reuters on Thursday.
read more... 04/11/2016
Steag to disconnect approximately a third of German power plants
Utility Steag GmbH intends to switch off approximately a third of its German electricity generation capacity, referring to a huge drop in wholesale prices that has instigated many of its larger competitors to close down plants since they no longer turn a profit.
read more... 03/11/2016
Finland envisages to prohibit coal-fired power stations by 2030
Finnish government is thinking about banning all coal-fired power stations by 2030 to aid meet emission reduction targets, as stated by Minister of Economic Affairs Olli Rehn on Wednesday.
read more... 03/11/2016
Spain: Gas Natural looks for Colombia's aid to pursuit unpaid bills
Spanish energy firm Gas Natural has asked for discussions with the Colombian government on a new legal framework to permit it to recover 1.3 billion euros ($1.44 billion) in unpaid bills owed to its Colombian power business.
read more... 03/11/2016
Daily: Crude oil prices down 3 percent on record U.S. crude stockpiles increase
Crude oil prices declined 3 percent on Wednesday after a record weekly increase in U.S. crude inventories triggered investors’ concerns about a global oversupply, after analysts estimated higher monthly OPEC crude production. U.S. West Texas Intermediate (WTI) crude lost $1.33, or 2.9 percent, to settle at $45.34 a barrel. It broke the $45 support earlier, plunging to a five-week low of $44.96. Brent eased $1.28, or 2.7 percent, to close at $46.86, after falling to $46.46, its lowest since September 28.
read more... 03/11/2016