Latest news
Spain sets out new electricity bill structure to protect consumers
Spain’s Industry Ministry will use a new method to determine consumer power bills, giving up the old auction system, which last year, had a major impact on household electricity bills while a spike in the scheme led to huge cost increases.
read more... 13/02/2014
Spain to increase electricity bills by 10.5 % in January
Spanish electricity bills are expected to climb by at least 10.5 percent in January, after a new benchmark price for power being set in an auction, representing a major blow for already cash-strapped consumers.
read more... 20/12/2013
Power from the Hinkley C nuclear generator could be too expensive
Jim Ratcliffe, the boss of one of the UK's biggest energy consumers, the chemical company Ineos, which owns the Grangemouth oil refinery in Scotland has warned that nuclear power from the Hinkley C generator, will be too costly in comparison to energy from elsewhere.
read more... 17/12/2013
Daily: UK gas prices down on mild temperatures
Brent crude oil futures held near $112 a barrel on Monday, supported by optimistic economic data from the United States and China, the world's first and second largest oil consumers. Brent futures rose 11 cents to $111.72 a barrel at 04:30 GMT, while U.S. crude increased 18 cents to $97.83, after ending on Friday with its largest weekly percentage gain since the beginning of July.
read more... 10/12/2013
German coalition to reform the renewable energy law in 2014
German Chancellor Angela Merkel’s conservatives and the centre-left Social Democrats (SPD) concluded a coalition deal envisaging curbing the growth of renewables and reforming the current controversial renewable support scheme in order to limit the increase of electricity bills to consumers by next summer, giving big utilities more time to adapt their business models.
read more... 29/11/2013