Latest news
Record number of UK electricity consumers switch to small suppliers
Britain's little energy suppliers registered a record number of new electricity users in October, industry data indicated, since households ready for the winter season when utility bills usually increase.
read more... 13/11/2014
British wind farms compensated by National Grid to stand idle
British wind farms were remunerated by a record amount of £ 43,000,000 to stand idle so far this year because they were generating more power that National Grid could cope with.
read more... 12/11/2014
Daily: WTI crude posts its longest weekly decline since 1998
Brent crude futures increased 53 cents to settle at $83.39 per barrel on Friday; however it dropped nearly 3 percent for the week, the seventh consecutive week of losses. U.S. crude mounted less than a dollar on Friday but ended down more than 2 percent for the week, recording the first six straight week decline since December 1998. The Friday increase was spurred in part by geopolitical tensions in Ukraine and the dollar withdrew from its four-year high.
read more... 10/11/2014
Daily: Crude oil prices plunge for the fourth consecutive month
Crude oil prices continued to drop for the fourth consecutive month on Friday, dragged down by another round of monetary stimulus from Japan pushed up the U.S. dollar and hammered a crude market already oversupplied. Brent and U.S. crude tumbled by nearly a dollar to post both the steepest monthly fall since May 2012. Brent crude for December delivery fell 38 cents for the day to settle at $85.86, consolidating a monthly loss of 9 percent. WTI crude declined 58 cents to close at $80.54 per barrel, recording a loss of 11.6 percent this month.
read more... 03/11/2014
Daily: European forward power contracts recover from six-month lows on weak buying
Brent crude prices recorded their largest drop in more than three years on Tuesday as fears about slowing world economy and the spread of Ebola has created anxiety between investors. Brent futures traded down 4 percent to settle at $85.32 a barrel, having hit a low of $84.48. U.S. crude declined 4.2 percent to close at $82.12.
read more... 15/10/2014