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Cabinet approves German offshore wind law

The German cabinet has approved the amended Wind Energy At Sea Act (WindSeeG) presented by federal minister for economic affairs and energy Peter Altmaier.

read more... 04/06/2020

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EDF terminates nuclear electricity supply contracts

French utility EDF has notified three energy suppliers - Alpiq, Gazel Energie and Total Direct Energie - of the termination of their contracts under a mechanism that allows rival suppliers to buy electricity produced by EDF's nuclear power plants. The suppliers had sought to invoke the force majeure clause in their supply contracts with EDF.

read more... 04/06/2020

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Daily (03.06.2020): EUAs climbed by 5% to above €22 on Tuesday as coal disruptions lifted the energy complex

Crude oil futures edged higher on Tuesday, with investors hoping for a further cut in black gold production at the next OPEC + summit, which could be brought forward to this week. Brent crude for August delivery soared by $1.25, or 3.3%, to settle at $39.57 a barrel, while U.S. WTI crude for July delivery gained $1.37, or 3.9%, to end at $36.81 a barrel.

read more... 03/06/2020

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UK gas charging reform to be implemented from 1 Octobe

UK energy regulator Ofgem will introduce a reform to the UK's gas transmission charging regime from the start of October, with no changes from its previous recommendations.

read more... 01/06/2020

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Daily (28.05.2020): After previous gains, energy markets turned bearish again on Wednesday

Oil prices turned bearish on Wednesday as tensions between China and the United States intensified, following the statements of the American president about a firm response to China’s proposed security law in Hong Kong. Moreover, some traders treated with suspicion Russia’s commitment to deep production cuts.

read more... 28/05/2020

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