ESSEN, Germany, Feb 11 (Reuters) – The European Energy
Exchange (EEX) expects Italy’s energy trading market to flourish
and plans to launch gas contracts there as more companies shift
from bi-lateral supply deals to market alternatives, its chief
executive said on Wednesday.
EEX, continental Europe’s biggest energy bourse, launched
Italian electricity contracts last April to compete with those
offered by Borsa Italiana.
BRUSSELS/LONDON, Feb 4 (Reuters) – Europe’s green transport
sector, still in its fledgling stages, is set to receive more
regulatory support as the slump in oil prices tempts drivers
back to gas guzzlers.
Renewable power, such as wind and solar, is an increasingly
established technology, competitive with conventional fuel and
no longer affected by movements in the oil market, analysts say.
PRAGUE/LONDON, Feb 2 (Reuters) – U.S. energy major Chevron’s
decision to stop exploring for shale gas in Poland has
highlighted the sector’s uncertain future and role in
strengthening energy security in Europe, analysts said on
A shale gas boom in the United States over the past few
years has reduced its energy dependence, but Europe is in the
early stages of development and no commercial drilling has yet
LONDON, Jan 22 (Reuters) – New penalties for energy market
abuse, including potential prison terms for people who
manipulate the gas and electricity markets, could come into
force in April, the British government said on Thursday.
Energy regulators can currently investigate and fine people
found breaching rules but cannot send them to prison or impose a
LONDON/PARIS (Reuters) – German utility E.ON’s breakup has led to worries that funds set aside for decommissioning reactors will not suffice, but globally the cost of unwinding nuclear is uncertain as estimates range widely.
As ageing first-generation reactors close, the true cost of decommissioning will be crucial for the future of the nuclear industry, already ailing following the 2011 Fukushima disaster and competition from cheap shale gas, falling oil prices and a flood of renewable energy from wind and solar.
LONDON/MILAN, Nov 28 (Reuters) – Falling crude oil prices
may boost European demand for oil-indexed gas next year, such as
pipeline gas from Russia, when its price is likely to fall below
Brent crude oil fell to an intraday four-year low of $71.12
a barrel on Friday, the day after OPEC decided not to cut
supply, which dragged down other energy prices.
LONDON/BRUSSELS, Nov 26 (Reuters) – A shortage of coal,
rather than gas, is likely to plunge Ukraine into freezing
darkness this winter as conflict in its east seals off supplies
that used to make it self sufficient.
Kiev has said any hopes it had of Russian coal coming to the
rescue were dashed when Moscow suspended exports.
LONDON, Nov 21 (Reuters) – Britain’s Office for Nuclear
Regulation (ONR) gave the go-ahead on Friday for EDF Energy to
restart three nuclear reactors over the next week which have
been off line since August for inspections necessitated by a
fault on a similar unit.
UK power traders have been monitoring the dates the reactors
will return to service because Britain faces tight electricity
supplies this winter due to the unexpected closure of some power
plants. There are currently nearly 5 gigawatts of nuclear
capacity offline due to planned and unplanned outages.
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.