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Austria files a legal challenge against Hinkley C nuclear power station in the UK
Austria, the non-nuclear nation, has filed a legal challenge at the European Court of Justice against £17.6bn EU-granted state subsidies for a new nuclear power plant in Britain, according to government officials.
read more... 08/07/2015
Daily: European prompt power fell sharply on cold, windy weather
Crude oil futures tried to stabilize on Tuesday on the New York Mercantile Exchange (Nymex), after declining sharply the previous day to the level of mid-April, as the market was encouraged by the further extension of talks with Iran, worries about Greece's indebtedness and China's stock market losses. WTI crude fell 20 cents to settle at $51.98 a barrel, a three-month low, and extending to more than 8 percent its drop since Thursday's settlement. Brent rose 31 cents to end at $56.85. Both benchmarks increased in post-settlement trade, after the API indicated the higher-than-expected stockpile drop.
read more... 08/07/2015
Balkans energy ministers decide to establish a regional power market in 2016
Western Balkan countries have decided to establish a regional electricity market covering seven nations since they want to meet increasing demand, intensify security of supply and reduce prices.
read more... 07/07/2015
Daily: European power prices jump on tight nuclear power, heatwave
Crude oil prices declined on Friday on increasing U.S. rig count which intensified worries of global supply glut and after Chinese regulators launched an investigation into suspected stock market manipulation. Front-month U.S. crude settled at $56.56, down 37 cents, falling below a trading range of $57 to $62 seen since early May. Brent crude for August delivery decreased by $1.75 to close at $60.32 a barrel, prolonging a downward trend since early May during which prices have slipped around 13 percent. Front-month U.S. crude stood at $55.52, down $1.41, plunging below a trading range of $57 to $62 recorded since early May.
read more... 06/07/2015
Germany abandons coal agreement after months of wrangling
Germany has abandoned plans for a tax on coal-fired power plants but will diminish brown-coal electricity generation to maintain its 2020 carbon-reduction targets, as stated by coalition leaders on Thursday.
read more... 03/07/2015