Latest news
UK: Electricity prices to double in the next years to come in comparison to those in Germany
A new report offered by bank Credit Suisse stated that UK electricity prices could almost twice those in Germany in the next three years because of the impact of a new tax intended at supporting renewable power production. The report showed that wholesale prices could increase in comparison to those in Germany by 85% in 2016-17 and would maintain the trend in general for the next 7- 10 years.
read more... 24/06/2013
UK: sixth in the world in terms of renewable energy investments
According to the last edition of PA Consulting Group’s Energy Investment Map which includes 30 countries in Europe, Asia Pacific, the Gulf, BRICS and the US aiming to offer investors an general idea of where they could have the best opportunities.
read more... 21/06/2013
Energy Policy Objectives in Belgium
- to phase-out the nuclear energy (between 2015 and 2025) - to reorganize the electricity and gas markets (in Flanders, electricity and gas markets are fully liberalized since July 2003) - to implement the Federal Plan for Sustainable Development, in the context of the "Law concerning the coordination of the federal policy on sustainable development" (May 5, 1997), a new version of the plan for 2004-2008 has been elaborated. - to implement the National Climate Plan 2002-2012, signed in 2002, by both the federal and regional governments responsible for environment, energy and transport, measures to be taken at either the federal or the regional levels. FLANDERS: - to encourage the efficient use of energy (to reduce the consumption of energy in the residential sector and to increase energy efficiency in industry and the service sector) - to provide the greatest energy services at adequate prices for all social groups, through regulation of electricity and gas markets - to augment energy production through the use of renewable energy WALLONIA: Walloon Plan for Sustainable Mastery of Energy (2003) - to reduce the final consumption by 6% by 2010 - to modify behavior through increased public consciousness of energy matters - to develop the renewable energy sector - to regulate electricity and gas markets, to discuss and evaluate policies - to encourage the efficient use of energy in buildings, industry and services - Decree of 1 March 2012 (Wallonia). The objective of the Walloon Government is to achieve 20% of renewable energy by 2020 and 100% by 2050. The Walloon government will require energy suppliers an higher annual percentage of green certificates. Currently it is 15.75% and gradually it will reach 30.4% in 2016 and 37.9% in 2020, an annual increase of 3.65%. BRUSSELS-CAPITAL: - to increase public awareness of the efficient use of energy - to establish a support system for renewable and other energy projects - to offer finance education and other support to the tertiary sector (as well as public authorities) - to develop administrative tools for building developers on the energy performance on buildings Source: Energy Market Price – Belgium Energy Statistics Report
read more... 13/06/2013
DECC: UK’s oil and gas output down in 2012
New annual statistics offered by the Department of Energy and Climate Change revealed that UK’s oil and gas output dropped by 10.3% in 2012 to 122.9 million tons of oil equivalent.
read more... 29/04/2013
BNEF: Green energy investments to triple by 2030
According to a new report offered by Bloomberg New Energy Finance, annual investments in renewable energy is likely to almost triple by 2030. Renewable energy systems will account for between 69% and 74% of all new power capacity added worldwide by 2030 due to the decrease in the cost of solar and wind energy technologies.
read more... 24/04/2013