LONDON/OSLO (Reuters) – European Union energy trade regulation to crack down from next week on suspected abuse in power and gas markets could be undermined by a lack of clear guidance and the sheer volume of data which could swamp the regulator.
The EU’s Regulation on Energy Market Integrity and Transparency (REMIT) entered into force in 2011 and is aimed at identifying market abuse in European wholesale energy markets.
LONDON (Reuters) – Global nuclear power generation capacity could increase by more than 45 percent in the next 20 years but the pace of growth will still fall short of what is needed to curb climate change, an industry organization report showed on Thursday.
The World Nuclear Association Nuclear Fuel report forecasts global nuclear capacity will grow to 552 gigawatts equivalent (GWe) by 2035 from 379 GWe currently, as many countries build new plants as a lower-carbon option and for energy security.
LONDON, Aug 27 (Reuters) – The British government on
Thursday proposed ending feed-in tariffs for new small-scale
renewables installations next year, or cutting the remaining
budget available, if a support scheme is found to be
unaffordable following a consultation.
Britain’s Conservative government has been reining in
spending on renewable power subsidies since it took power in
BRUSSELS/LONDON, Aug 13 (Reuters) – European environment law
provides more financial incentives to fell a tree than to plant
one, campaigners say.
They warn that EU claims it leads the fight against climate
change are based on false data and the United States must not
LONDON, Aug 13 (Reuters) – The British government will give
its communities minister the power to directly approve shale gas
permits, removing decision-making from local politicians who
have in the past months blocked the progress of Britain’s first
In late June, local government officials in northwest
England rejected two applications to carry out hydraulic
fracturing, known as fracking, saying the projects would be too
noisy and blight the landscape.
LONDON, Aug 6 (Reuters) – British industry will enjoy record
low wholesale gas prices this winter but a relaxed view on
stocks could mean they spike if hard weather returns after two
mild years, or if supply problems flare up.
The knock-on effect of falling crude oil prices is delaying
critical inventory restocking ahead of the peak demand season,
as buyers seeing prices coming lower are in no hurry.
LONDON (Reuters) – Britain should steer clear of using deep injection wells in shale oil and gas “fracking” and take extra steps to reduce the technique’s environmental and health effects, an industry-funded task force examining the sector said on Wednesday.
The oil and gas industry uses deep injection wells to dispose of wastewater when drilling for shale, but some have been linked to earthquakes in the United States.
LONDON (Reuters) – Ambitious Greek renewable power projects aimed at reducing the country’s dependence on energy imports from Russia will be on hold for some time as the threat of exit from the euro prompts investors and financiers to put the breaks on initiatives.
Greece has submitted proposals on economic reforms in a last-ditch effort to secure a bailout from international creditors and prevent financial meltdown.
LONDON, July 7 (Reuters) – Britain’s competition watchdog is
proposing a cap on energy prices after it found the country’s
largest energy suppliers overcharged households around 1.2
billion pounds each year ($1.9 billion) between 2009-2013.
Britons have been angered by ever-rising energy bills and
poor customer service that has left many consumers alleging
utilities were cheating them. The utilities have denied this.
LONDON (Reuters) – A decision on phasing out a form of coal subsidy is unlikely to come soon but discussions among members of the Organisation for Economic Cooperation and Development (OECD) continue ahead of U.N. climate talks, the OECD’s secretary-general said on Friday.
The OECD has been trying for a year to get an agreement from its 34 member nations on ending export credits for technology used to produce coal, the most polluting of the fossil fuels.