Latest news
E.ON and RWE European power plant closures
E.ON and RWE have been stung by high prices of fuels such as gas, plummeting wholesale prices due to Europe's economic slowdown and policies supporting the expansion of renewable power, which erodes the need for conventional generation.
read more... 16/08/2013
Daily: European power prices trade higher on thermal plant outages
Brent crude traded under $109 per barrel on Tuesday following overnight gains which were backed by supply concerns in OPEC nation Libya, while investors were pending for U.S. economic data due later this week. Brent crude was steady at $108.96 a barrel, at 01:29 GMT unchanged from its close in the previous session, while U.S. crude oil dropped 13 cents at $105.98 a barrel.
read more... 13/08/2013
Gas-fired plants face profit squeezes and opportunistic investment
Utilities across Europe have been hit by high gas prices and low power contracts, which have squeezed their profit margins.
read more... 09/08/2013
Sweden prefers renewables to nuclear
Recently Sweden's energy minister, Anna-Karin Hatt, has announced that the government will not subsidize new nuclear power plants, favoring renewable investments. Electricity production in Sweden is dominated by nuclear power and renewables, which currently make about equal contributions to energy production- about 40%.
read more... 07/08/2013
Germany: Green energy boom bedevils conventional power plants
German utilities are intensifying pressure on the government ahead of Federal elections due to be held in Germany on 22nd September to ease green policies that are hitting their profits.
read more... 07/08/2013