FRANKFURT, March 20 (Reuters) – Electrical grids in Europe
claimed success on Friday in managing the unprecedented
disruption to solar power from a 2-1/2-hour eclipse that brought
sudden, massive drops in supply.
Germany, Europe’s biggest economy, at the heart of the
event, boasts the world’s biggest solar-powered installations,
which last year supplied 6 percent of national power
FRANKFURT (Reuters) – German electrical grids were bracing for an unprecedented task early on Friday ahead of a 2-1/2-hour solar eclipse that will bring sudden, massive drops and additions in solar power supply at the start and end of the event.
Germany, Europe’s biggest economy, boasts the world’s biggest solar-powered installations, which last year supplied 6 percent of national power requirements.
AMSTERDAM/FRANKFURT, March 13 (Reuters) – TenneT, the
operator of power grids in the Netherlands and Germany, posted a
17 percent rise in profit last year and said it would spend 20
billion euros ($21.2 billion) on new infrastructure over the
The Dutch state-owned company said on Friday it intends to
invest an average of 2 billion euros a year through to 2025 and
that Germany will get the lion’s share of the spending on new
electricity grid infrastructure.
FRANKFURT/LONDON, March 9 (Reuters) – European power and gas
traders fear that a raft of new regulations thought up after the
credit crisis and gradually applying to their sector could raise
compliance costs and hamper liquidity by putting off new
entrants into the market.
Their concerns focus on the future definition of forward
contracts and of traders’ hedging activities, as well as risk
and equity capital requirements under the Markets in Financial
Instruments Directive (MiFID) and other incoming regulation.
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.
ESSEN, Germany, Feb 10 (Reuters) – The European Energy
Bourse EEX plans to introduce wind power futures contracts,
allowing clients to speculate on prices in an increasingly
important area of the energy market.
Speaking at an industry fair on Tuesday, executives from
continental Europe’s biggest power exchange said the contracts
would be an entirely new set of products in a market that is
developing rapidly as Germany seeks to move to an energy system
relying on carbon-free technologies.
BERLIN, Jan 21 (Reuters) – Political infighting risks
delaying beyond a 2022 deadline the construction of high-voltage
power lines that are a core element of Germany’s transition away
from nuclear power, grid firm TenneT TSO GmbH said.
The firm, part of the Dutch TenneT group, applied to
regulators in December to build the SuedLink line.
FRANKFURT, Jan 19 (Reuters) – Germany’s biggest utilities
have set aside tens of billions of euros to fund the country’s
exit from nuclear power from 2022, when the last reactor leaves
the grid and the clear-up begins.
But as an energy crisis puts the value of the assets
underpinning those provisions at risk, concerns are growing that
taxpayers may end up footing part of the bill, undermining an
ambitious shift to renewable power on which Chancellor Angela
Merkel has staked a hefty chunk of political capital.
FRANKFURT, Nov 14 (Reuters) – Germany’s renewable energy
power capacity is set to rise by 23 percent between 2015 and
2019, while related costs rise by over a fifth, data from its
transmission grid firms showed on Friday.
The annually released data showed progress in the planned
move to a low-carbon economy but also illustrated the cost to
society in the debate over the future of green power subsidies.
FRANKFURT, Nov 12 (Reuters) – Trading of coal via financial
instruments in Europe is likely to jump 30 percent to 3,800
tonnes this year, boosted by demand from producers, commodity
traders and hedge funds, according to a report by energy
research company Prospex.
Prospex said low prices and volatility had encouraged
traders and power producers to trade bigger positions, more
often, in pursuit of profitability, while improvements in
clearing trades had made the process easier and less risky.