Latest news
French court enacted backdated electricity price increases for households
Approximately 29 million French households and small businesses deal with a retrogressive increase in their power bills after the country's administrative Supreme Court annulled on Friday a 2012 ceiling on raises to regulated electricity prices. The pronouncement is applicable to power bills between August 2012 and August 2013.
read more... 14/04/2014
Baltic States utilize Ukraine crisis to enhance LNG import capacities
Driven by Ukraine crisis, the Baltic States accelerated plans to increase its liquefied natural gas (LNG) imports, with the hope to radically reduce Moscow's grip on the region's supply.
read more... 11/04/2014
Centrica’s British Gas has to pay $9.4 million
Centrica's British Gas, the focus of an anti-trust examination next to Britain's other big energy companies, will pay approximately 5.6 million pounds ($9.4 million) to fix past errors which had stopped business clients from changing suppliers in the period between 2007 and 2012, as declared on Thursday by Energy watchdog Ofgem.
read more... 11/04/2014
Daily: European spot power drops due to higher German solar production, lower power demand
Global crude oil prices posted a slight drop on Thursday, dragged down by pessimistic economic data from China and by an OPEC’S forecast showing a recovery in oil exports from Libya.
read more... 11/04/2014
Britain: 10 million pound loan to be offered to UK Coal for financing mine closures
UK Coal will receive a loan of 10 million pound from Britain government for closing its two deep mines over the next 18 months. There are 1,300 people working in the mines.
read more... 11/04/2014