Latest news
World’s first tidal lagoon power project approved by Britain
Britain has given planning authorization for a 1 billion pound ($1.5 billion) tidal lagoon project in Wales able to produce sufficient electricity to power approximately 155,000 households, as stated by the Department of Energy and Climate Change (DECC) on Tuesday.
read more... 10/06/2015
Daily: UK day-ahead gas prices tumble on UK-Belgium gas pipeline Interconnector closure
Crude oil prices recovered on Tuesday, spurred by expectations of a sixth consecutive weekly decline in U.S. crude supplies and dollar depreciation. The price of light sweet crude (WTI) for delivery in July rose $2, or 3.4%, to settle at $60.14 a barrel on the New York Mercantile Exchange. Brent crude boosted $2.19, or 3.5%, to close at $64.88 a barrel on ICE Futures Europe.
read more... 10/06/2015
Deutsche Boerse institutes European intraday electricity platform
Stock exchange operator Deutsche Boerse on Tuesday declared it has inked an agreement with five European energy exchanges to establish and run a joint platform to trade within-day electricity from 2017.
read more... 10/06/2015
Electricity producer Drax affected by weak prices
Drax has forward vended some of its power for this year at a 1.8 percent rebate to prices attained earlier this year denoting the British electricity producer is continuing to be affected by weak power prices.
read more... 09/06/2015
Daily: French and German electricity spot prices traded at par at 33.5 Eur/MWh
Crude oil dropped by 1 percent or more on Monday on a decline in Chinese demand and concerns that OPEC’s decision to hold its output threshold could prolong the actual oversupply, even if a weaker dollar slashed losses. Chinese imports slipped by more than 6 percent, against a 10 percent drop in exports. Brent crude lost 62 cents, or 1 percent, to settle at $62.69 a barrel. U.S. crude fell 1.7 percent, or 99 cents, to close at $58.14.
read more... 09/06/2015