Latest news
Daily: European forward power prices rally to seven-week high on stronger gas, coal price, upbeat macroeconomic data
Crude futures increased by about 2 percent on Tuesday, with the bounce attributed to technical price triggers, expectations for a weekly decline in U.S. crude supplies and gasoline demand. However, a stronger dollar did little to temper the hike. Brent crude futures rose by $1.11, or 1.8 percent, to close at $64.45 a barrel. U.S. crude futures closed at $61.01, up 63 cents, or 1 percent.
read more... 24/06/2015
E.ON intends to close down two nuclear reactors at Oskarshamn power plant in Sweden
German energy group E.ON said Tuesday it envisages decommissioning two of three nuclear reactors at OKG Aktiebolag’s Oskarshamn power plant in Sweden, blaming low profitability.
read more... 24/06/2015
Fukusima is turning to offshore wind power
Japan has officially announced a huge floating wind turbine of 7 MW, the largest offshore turbine in the world, located about 12 miles off the coast of Fukushima, in the port of Onahama.
read more... 23/06/2015
Serbia to restructure its state-owned utility Elektroprivreda Srbije
Serbia is eyeing a 200 million-euro ($227 million) loan from the European Bank for Reconstruction and Development (EBRD) to help restructuring its power utility Elektroprivreda Srbije (EPS).
read more... 23/06/2015
Daily: European prompt power prices tumble on stronger supply, nuclear reactor return
Crude oil prices curbed losses to close slightly higher on Monday as a short-covering ahead of the front-month contract expiration in U.S crude spurred the market weakened by concerns about increasing gasoline stockpiles. Initially, oil prices were also influenced by worries about the potential fallout from the Greek debt crisis, counterbalancing positive impact from a stockpile draw at the Cushing, Oklahoma. Brent crude rose by 32 cents, or 0.5 percent, to settle at $63.34 a barrel, after easing almost $1 earlier. WTI crude boosted 7 cents, or 0.1 percent, to close at $59.68 a barrel, as its front-month July contract expired.
read more... 23/06/2015