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Main aspects of British proposed power market reform
Britain proposed legislation for a major overhaul of its electricity market that will encourage investment in low-carbon types of energy to help meet legally binding emissions-reduction targets. The government faces the challenge of keeping bills affordable for consumers while ensuring intermittent renewable energy is backed up by stand-by power plants and safeguarding tax revenues from oil and gas exploration.
read more... 12/12/2012
EIA: U.S. oil production to hike at a record level in 2012
U.S. crude oil production is hiking at the fastest pace in history, according to data released by the U.S. Energy Information Administration (EIA), marking the largest rise in annual output since the beginning of U.S. commercial crude oil production in 1859.
read more... 12/12/2012
Daily: European prompt power prices jump on cold snap
Brent crude climbed on Monday on data from China showing a bullish demand and on the persistent concerns about an eventual turmoil in the Middle East which will disrupt oil supply in the region. Meanwhile, Brent crude for January delivery edged up 31 cents or 0.29% to settle at 107.33 a barrel, having traded from $107.01 to $108.54.
read more... 11/12/2012
Daily: Brent and U.S. crude drop on economic worries, posting weekly losses
Brent and U.S. crude oil futures dropped on Friday in choppy trading as Europe's economic problems and uncertainty about budget dispute in the United States dragged down oil prices after a brief rally on a U.S. jobs report.
read more... 10/12/2012
Smart grids could reduce emissions by 2.2 gigatonnes by 2050
According to Connie Hedegaard, the EU Commissioner for Climate Action, spending in clean technologies like smart grids is the key to save billions of euros by lowering energy bills and cutting in half imports of oil and gas, as well as reducing CO2 emissions by almost 2.2 gigatonnes by 2050.
read more... 07/12/2012