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Daily: European power prices firm alongside carbon prices
Brent crude oil registered at a three-month low on Tuesday, dragged down by the downturn in emerging markets, while U.S. crude settled higher, spurred by continued demand for heating fuels and the expectation of oil inventory figures to indicate a large draw from storage at the benchmark's delivery point, at Cushing, Oklahoma.
read more... 05/02/2014
Daily: European spot power prices deviate, widening the spread between contracts
Brent crude oil prices declined on Monday, but the losses were capped after traders started to purchase contracts to offset the spread between the European benchmark and its U.S. counterpart, West Texas Intermediate. Brent slipped 36 cents to settle at $106.04 a barrel, after declining during the session to a near three-month low of $105.40.
read more... 04/02/2014
UK and France agreed to develop safe nuclear energy
The UK and French Governments have pledged to beef up the two countries' cooperation regarding the defense, nuclear energy and climate policy as well as trading opportunities and skills. British Prime Minister David Cameron and French President Francois Hollande agreed to develop safe nuclear energy, to build new nuclear power stations, to cooperate on climate change action as well as pushing for European Commission's domestic emissions reduction agenda.
read more... 03/02/2014
Daily: European power spot prices down on lower demand
Brent crude oil increased on Thursday to about $108 per barrel, while U.S. crude reached its highest level in a month as extremely cold weather gripped the entire nation, fact which has boosted heating oil demand. Brent crude rose 10 cents to settle at $107.95 a barrel. U.S. crude settled up 87 cents at $98.23.
read more... 31/01/2014
Wind: Spain’s main electricity source
According to the Spanish Wind Energy Association (AEE), in 2013 wind power was the main source of energy in Spain, covering almost 21 percent of total demand and producing something like 54,478 GWh of electricity last year, nuclear power produced 20.8 percent of the country’s energy requirements, followed by hydroelectric power which met 14.4 % of demand, almost doubling in comparison to a year before. Combined-cycle plants accounted for 9.6 percent, coal-fueled plants 14.6 percent while solar photovoltaic only 3.1 percent.
read more... 31/01/2014