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Daily: Europe spot power prices increase on higher consumption, colder weather
Brent oil futures dropped towards $107 a barrel on Monday as investors threw away risky assets over worries about slowing emerging market economies, but U.S. crude held up following a cold snap. Meanwhile, Brent crude dropped 55 cents to $107.33 a barrel by 14:54 GMT. But U.S. oil climbed 26 cents to $96.90.
read more... 28/01/2014
Germany: the first EU state to penalize the self-consumption of solar energy
The German government has approved on Wednesday a new solar tax, becoming the first European nation to charge owners of renewable energy plants for their own use of electricity, as part of Merkel’s plan to contain rising power bills. The changes would affect photovoltaics and are now partly being reported as a new retroactive solar tax. The cabinet is expected to officially sign off on the draft law in April before it goes to the Bundestag, which is expected to vote on it in June and could become law on August.
read more... 27/01/2014
UK: because of its high coal consumption, carbon emissions increased considerably
According to a report published by the Environmental Research Letters journal, based on size of population, and if global carbon dioxide emissions are allocated using per capita calculations, UK is more responsible for global warming than the USA, Canada, Russia or even China, because of its historic consumption of coal.
read more... 21/01/2014
Daily: European power prices trade higher on higher consumption amid cold snap
Brent crude oil overturned early losses on Friday after hitting a two-month low near $105 a barrel, but remained on track to close down for the week as traders assessed the likelihood of a sustained recovery in supply from Libya.
read more... 20/01/2014
China: oil demand to lowest level in 5 years
Because of easing economic growth, China's oil consumption in 2013 registered the slowest growth in five years. According to Reuters calculations, China's oil demand grew 1.6% in 2013, the weakest yearly growth in five years, while in December, when it burned roughly 10.06 million barrels per day of oil, it registered a decrease of about 7.5% in comparison to the same period of a year before. For the whole of 2013, oil demand was about 9.78 million bpd, about 150,000 bpd higher than 2012.
read more... 20/01/2014