Latest news
Daily: European prompt power prices jump on weak renewable energy production
Brent crude oil increased on Monday, while WTI crude dropped amid light trading, as geopolitical tensions in Ukraine and in Libya help offset plentiful supplies and expected weak demand after a set of pessimistic economic data from the United States and Europe. Brent crude augmented 36 cents to close at $102.65 a barrel, after hitting a 14-month low of $101.07 on August 19. U.S. crude slipped 30 cents to settle at $93.35 a barrel.
read more... 26/08/2014
EDF Energy fined for mismanaging user complaints
EDF Energy, one of Britain's six most important energy suppliers, will pay 3 million pounds ($5 million) penalty to help vulnerable clients after regulator Ofgem found the firm blameworthy of violating complaint handling rules.
read more... 25/08/2014
UK's Labour Party to offer Ofgem power to eliminate energy supplier licences
Britain's opposition Labour Party has promised to offer energy regulator Ofgem the authority to annul electricity and gas suppliers' licences if they constantly violate rules and harm their customers.
read more... 21/08/2014
Ukraine prepared for temporary compromise price for Russian gas
Ukraine is ready to pay a short-term compromise price for Russian gas, criticizing Russia's Gazprom for being reluctant to negotiate, as stated on Tuesday by the country’s energy ministry.
read more... 20/08/2014
UK government and Green Bank to make an investment of 74 million in a new renewable plant in Scotland
Britain's government and the Green Investment Bank intend to make an investment in a new renewable energy plant in Scotland, which will facilitate power a famous whisky distillery.
read more... 19/08/2014