Latest news
Bulgaria to slash electricity production amid weak demand and exports
Bulgarian electricity grid operator ESO ordered producers on April 4 to reduce power generation capacity as a measure to prevent the crippled system from overheating amid sharply dropping consumption and exports and to keep a balance between production and demand.
read more... 09/04/2013
UK: CO2 emissions increased in 2012
UK's emissions increased by 4.5% in 2012, if compared to 2011 levels, in major part due to an increase of almost 31% of coal consumption in power stations. Coal prices have decreased considerably as the US has exported the coal it no longer needs at home, thanks to the shale gas boom.
read more... 02/04/2013
US emissions are declining
Emissions of carbon dioxide in the United States are declining; meanwhile coal and shale gas exports are increasing sharply causing a further darkening of skies over Europe and Asia. According to figures showed by EIA, US coal exports reached a record of more than 115 million tons in 2012, more than double if compared to 2009 figures, and a 17% increase over the previous year.
read more... 27/03/2013
Bulgaria to switch off 40% of wind, solar power capacity
The Bulgarian authorities will switch off about 40% of its wind and solar power plants in order to equilibrate a power system in danger of instability following a considerable excess of capacity after a drop in consumption and exports.
read more... 27/03/2013
OPEC to revise its oil demand forecast downward in 2013
Global oil demand growth could be revised slightly downward of forecasts in 2013, according to the Organization of the Petroleum Exporting Countries (OPEC), dragged down by economic uncertainty in the euro zone and United States, as well as U.S. supply will hit its highest level in three decades, slashing the need for oil from the 12-member producer group.
read more... 13/03/2013