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Germany postpones vote on fracking amid coalition dispute over details
The debate about a legislative package regulating the controversial fracking technology was postponed due to concern from within the parties of Conservatives (CDU/CSU) and Social Democrats (SPD), in particular against the involvement of an expert commission. The Lower House of Parliament (Bundestag) was supposed to debate this Friday, the last day before the traditional summer break.
read more... 02/07/2015
Czech EPH accomplishes acquisition of E.ON’s Italian assets
Czech utility EPH has finalized the acquisition of E.ON's coal- and gas-fired power plants in Italy after consenting to the transaction in January, as stated by EPH on Wednesday.
read more... 02/07/2015
Daily: European forward power prices rocket at an eight-week high tracking stronger coal, carbon prices
Crude oil declined for a second consecutive day on Thursday, dragged down by weaker U.S. refined fuels markets and eventual negative impact from Greek debt crisis on European energy demand. Brent crude decreased 29 cents, or 0.5 percent, to close at $63.20 a barrel. U.S. WTI crude declined by 57 cents, or almost 1 percent, to settle at $59.70.
read more... 26/06/2015
Germany to choose between a coal levy and gradual phase out of coal power plants on July 1
Germany is considering two alternative proposals on how to curb CO2 emissions from the energy sector and would make a final decision on July 1, Economy Minister Sigmar Gabriel said on Wednesday.
read more... 25/06/2015
Daily: European forward power prices rally to seven-week high on stronger gas, coal price, upbeat macroeconomic data
Crude futures increased by about 2 percent on Tuesday, with the bounce attributed to technical price triggers, expectations for a weekly decline in U.S. crude supplies and gasoline demand. However, a stronger dollar did little to temper the hike. Brent crude futures rose by $1.11, or 1.8 percent, to close at $64.45 a barrel. U.S. crude futures closed at $61.01, up 63 cents, or 1 percent.
read more... 24/06/2015