Latest news
Germany’s coal imports likely to drop by 5.7%
Germany's coal imports are expected to drop to 53 million tonnes in 2015 from a record high last year of 56.2 million, as stated by a lobby group VDKi on Thursday, quoting lower demand from power stations and steel producers.
read more... 24/07/2015
Bulgaria enforces 5% revenue tax on electricity producers, importers
Bulgaria will enforce a 5 percent tax on profits for power producers and importers since it aims to reduce a deficit at its state-owned utility, as decided by its parliament on Wednesday.
read more... 23/07/2015
Daily: European spot power prices retreat due to lowering air conditioning demand
Crude oil prices declined and WTI closed below $50 a barrel on Wednesday after government figures indicated that crude oil stockpiles in the United States strengthened last week and as a stronger dollar and weaker global equities added to pressure. U.S. crude for September delivery tumbled $1.67, or 3.28 percent, to settle at $49.19 a barrel, first settlement below $50 since April. Brent crude for September delivery dropped 91 cents to close at $56.13.
read more... 23/07/2015
Japan’s Kansai and Engie sign agreement to purchase LNG
French utility Engie and Kansai Electric Power Co, Japan's second-largest utility, declared on Tuesday they have signed an accord to purchase and trade 400,000 tonnes yearly of liquefied natural gas (LNG) from 2019.
read more... 22/07/2015
Daily: European year-ahead power prices at the highest level in nearly four months
Crude futures slipped on Monday and U.S. crude declined below $50 a barrel intraday, dragged down by robust supply, expectations of more Iranian crude to export and appreciating dollar. Brent crude for September delivery declined by 45 cents to settle at $56.65 a barrel, having fluctuated between $56.33 and $57.44. U.S. August crude, set to expire on Tuesday, shed 74 cents to close at $50.15, having fallen to $49.85, its first time below $50 since April.
read more... 21/07/2015