Britain proposed legislation for a major overhaul of its electricity market that will encourage investment in low-carbon types of energy to help meet legally binding emissions-reduction targets. The government faces the challenge of keeping bills affordable for consumers while ensuring intermittent renewable energy is backed up by stand-by power plants and safeguarding tax revenues from oil and gas exploration.
read more... 12/12/2012
The Energy Information Administration has released this week its 2013 Energy Outlook Report which forecasts that by 2040 renewables will meet 16% of US energy demand in comparison to 13% in 2011.
read more... 07/12/2012
The biggest Austrian energy company Verbund signed a deal with the E.ON. Renewable in Germany to acquire eight German hydro power plants located on the Inn and Danube Rivers.
read more... 05/12/2012
The German parliament adopted a law aimed to curb blackouts by easing 3 GW of capacity, as the country’s costly nuclear phase-out and fluctuating renewable are threatening its power grid.
read more... 04/12/2012
The European Commission said it is investigating over German subsidies for renewable energy as a pressure group representing more than 13,000 households and small businesses in the country protested that present legislation illegally favors large industrial energy customers.
read more... 03/12/2012