LONDON, Nov 19 (Reuters) – The European Union’s highest
court ruled on Wednesday that Britain’s courts have the
authority to order the British government to comply with EU
nitrogen dioxide limits as soon as possible, speeding up action
to tackle the air pollutant.
The case will now return to the British Supreme Court for a
final ruling next year and it is likely to order the government
to take action to meet limits in a much shorter timeframe than
LONDON, Nov 7 (Reuters) – The High Court on London rejected
on Friday a request by four British solar power companies for a
judicial review of a government decision to end a subsidy
programme earlier than planned, court documents showed.
In August the four companies, Solarcentury, Orta Solar, TGC
Renewables and Lark Energy, applied for a judicial review into a
government proposal to halt in 2015 instead of 2017, as
previously envisaged, a subsidy scheme for solar panel power
farms with a generating capacity of more than 5 megawatts.
LONDON (Reuters) – The sticking plaster Russia-Ukraine gas payment deal will unpeel in March with the intensity of the likely next row dependent on a judgement from a legal panel in Sweden.
The potential is there for a far more tangled dispute next year as unresolved issues resurface on the question of payment which determines gas supply for Ukraine and onward to Europe.
LONDON (Reuters) – British power producer Drax Group Plc (DRX.L: Quote, Profile, Research, Stock Buzz) has secured forward power sales since the end of July even though trading conditions in energy markets have been challenging, it said on Wednesday.
A mild winter last year dampened demand for energy over the past year, causing prices for natural gas and coal to fall. This has pressured margins of many power plants operating in Britain and in Europe.
LONDON, Oct 31 (Reuters) – British wholesale gas prices for
the rest of this year fell on Friday after Ukraine and Russia
signed a deal that will see Moscow resume gas supplies to Kiev
this winter, while warm UK weather and high storage levels added
to the bearish tone.
Russia is Europe’s biggest supplier of gas and provides
around a third of the continent’s needs, pumping roughly half of
that via Ukraine. Some of this reaches Britain from continental
European storage sites.
LONDON, Oct 29 (Reuters) – Iran would take at least five
years to start exporting natural gas to the European Union if
sanctions were removed, industry experts said on Wednesday.
Last month, Reuters reported that the EU was increasing the
urgency of a plan to import natural gas from Iran, as relations
with Tehran thaw while those with top gas supplier Russia grow
chillier due to the Ukraine crisis.
LONDON, Oct 28 (Reuters) – Britain has measures in place to
keep the lights on this winter despite the closure of several
power stations likely leading to a narrower surplus of
electricity supply over demand, network operator National Grid
Plc said on Tuesday.
Power prices jumped on the report, with wholesale power
prices for day-ahead delivery soaring by 22 percent to 52 pounds
per megawatt hour.
LONDON, Oct 23 (Reuters) – Ukraine’s Naftogaz has set aside
$3.1 billion in a special escrow account to pay Russian natural
gas supplier Gazprom, the chief executive of Ukraine’s
national oil and gas company told Reuters on Thursday.
Russia cut off gas flows to Ukraine in mid-June citing
unpaid bills, adding to tensions sparked by Russia’s annexation
of Ukraine’s Crimea region.
LONDON, Oct 20 (Reuters) – A fire at a British power station
close to London has closed a power generation unit, which could
exacerbate Britain’s already constrained electricity supply as
winter approaches and demand rises.
While the fire that started on Sunday at Didcot B gas-fired
power plant around 70 miles (113 km) west of London has been
brought under control, one of two power generation units has
been taken offline, operator RWE npower said.
LONDON (Reuters) – Scarce resources and pollution control measures are the two environmental issues which have the most impact on the net earnings of businesses today, a private equity fund manager said on Thursday.
London-based Ambienta says it is the largest European private equity fund specializing in the environmental sector, with more than 450 million euros of assets under management.