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UK unveils a new set of renewables subsidy cuts
UK unveils a new set of renewables subsidy cuts DECC proposed a new wave of incentives cuts for small – scale solar installations, modifying the way renewable projects qualify for payments and changing subsidies for biomass plants.
read more... 23/07/2015
Daily: European prompt power prices edge up on heatwave expectations
Crude oil declined by about 3 percent on Wednesday on forecasts that stronger exports from Iran will add to global oversupply and on increasing stockpiles at the delivery hub at Cushing, Oklahoma. Brent crude for August delivery dropped $1.46, or 2.5 percent, to close at $57.05 a barrel. The August contract expires on Thursday. WTI crude for August delivery shed $1.63, or 3 percent, to settle at $51.41.
read more... 16/07/2015
Daily: European power prices jump on tight nuclear power, heatwave
Crude oil prices declined on Friday on increasing U.S. rig count which intensified worries of global supply glut and after Chinese regulators launched an investigation into suspected stock market manipulation. Front-month U.S. crude settled at $56.56, down 37 cents, falling below a trading range of $57 to $62 seen since early May. Brent crude for August delivery decreased by $1.75 to close at $60.32 a barrel, prolonging a downward trend since early May during which prices have slipped around 13 percent. Front-month U.S. crude stood at $55.52, down $1.41, plunging below a trading range of $57 to $62 recorded since early May.
read more... 06/07/2015
Scottish government gives the green light to a new wave of offshore wind projects
The Scottish government has given the green light for the development of the four offshore wind power plants, which could generate enough electricity to supply over 1.4 million of households.
read more... 21/10/2014
Daily: European coal prices increase on new wave of sanctions against Russia
Crude oil prices closed down after a nervous trading session on Tuesday as oil supplies remained untouched by continuing violence in Iraq, Ukraine and Gaza. Brent crude for September delivery dropped 35 cents to hit $107.33 a barrel, after having fluctuated between $107.20 and $108.40. U.S. oil for August delivery declined 17 cents to settle at $104.42 a barrel, down from a session high of $105.25.
read more... 23/07/2014