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Germany set to increase green energy levy by 8% in 2017
The green energy levy in Germany (EEG), a surcharge paid by power consumers to support the transition to renewables, is expected to rise by 8 percent in 2017, despite governments efforts to slash support for renewable power.
read more... 11/10/2016
Centrica's gas import agreement with Dutch company expires at the end of 2016
British utility Centrica's gas import agreement for 8 billion cubic meters annually from Dutch firm GasTerra will expire at the end of 2016, as stated by a Centrica spokesman on Monday.
read more... 11/10/2016
DONG Energy transforms its Studstrup plant from coal to biomass
Denmark's DONG Energy declared it has changed one unit of its Studstrup power plant in Aarhus to function on wood pellets instead of coal, while the second unit will be deferred, aiding to reduce carbon emissions.
read more... 11/10/2016
Daily: Crude oil rockets at one-year high as Russia wants to join OPEC in limiting output
Crude oil prices rose as much as 3 percent on Monday, with Brent attaining a one-year high, fueled by Russian President declarations that Russia is ready to join OPEC in slashing crude output and Algeria required for similar actions from other non-OPEC producers. Brent crude rallied to its highest level since October 9, 2015, up $1.21, or 2.3 percent to close at $53.14 a barrel. U.S. West Texas Intermediate crude rocketed to its highest level since June 9 at $51.60, before paring gains to end the session at $51.35, up $1.54, or 3.1 percent.
read more... 11/10/2016
Cuadrilla gets the go-ahead for shale gas fracking in Preston, UK
The British government granted one of two Cuadrilla shale gas fracking permits on Thursday, allowing to perform hydraulic fracturing in northern England despite community oppositions.
read more... 10/10/2016