Latest news
SSE hit by doorstep sales halting and derivatives losses
The UK energy supplier Scottish and Southern Energy (SSE) posted 87% drop in its annual pre-tax profits, from £2.1bn to £268.5m, blaming its loss on doorstep sales halting and derivatives losses, after it was convicted for mis-selling.
read more... 17/05/2012
Centrica: wholesale gas cost could rise by 15% next winter
Millions of households in the UK could face higher energy bills next winter after Centrica, the owner of British Gas said that the gas costs could rise by 15%, while other costs would add another £50 to the cost of supplying energy to the average home probably by the end of the summer.
read more... 11/05/2012
China to invest in UK’s nuclear plants
Two Chinese state-owned energy companies are interested in buying E.ON and RWE's UK nuclear joint venture Horizon which was put up for sale in March, as China envisages building a huge number of new nuclear plants on its own territory, to replace some of its old and heavily polluting coal plants.
read more... 07/05/2012
Daily – crude ends higher on Federal optimism
U.S. and Brent crude oil futures went up on Thursday on positivism about the energy demand following the previous day’s U.S. Federal Reserve statement about a faster movement to support the economy if it weakens and on upbeat U.S. March pending home sales data.
read more... 27/04/2012
Spain wind energy reaches 60.5% demand
According to national grid manager REE, Spain’s wind parks provided a record 60.46 percent of demand for power early on Monday, following a windy weekend that pushed wholesale power prices to their lowest levels in more than two years.
read more... 18/04/2012