Senior Power Correspondent
Vera's Feed
Jun 17, 2011

Plug finally pulled on old German reactors

FRANKFURT (Reuters) – Friday marked the point of no return for the permanent shutdown of a major slice of Germany’s nuclear energy, leaving a range of unresolved problems caused by the politically-driven reaction to the Fukushima crisis.

Germany’s biggest utility RWE, the last to fall in line, left it until the day before Friday’s deadline to pass on any chance to reopen its Biblis B reactor.

Jun 15, 2011

E.ON works on rock-and-hard-place gas quandry

LONDON (Reuters) – Germany’s E.ON (EONGn.DE: Quote, Profile, Research, Stock Buzz) on Wednesday said it was making progress with gas contract pricing and sales to European markets, where margin squeezes at its flagship company E.ON Ruhrgas have hit the utility group’s earnings.

Board member Joergen Kildahl, speaking at the Reuters Global Energy and Climate Summit, also said the company would identify in the autumn what overseas markets it was considering to compensate for falling margins in Europe.

Jun 1, 2011

Germany, France risk nuclear power gap this summer

PARIS/FRANKFURT (Reuters) – Sun and wind in western Europe will be crucial this summer to ensure enough renewable electricity supplies to Germany and France, where nuclear power may fail to deliver, traders and analysts say.

Demand for power rises in the summer when homes and businesses turn on cooling devices but with a big chunk of Germany’s nuclear capacity out and a possible cut in French nuclear capacity due to a severe drought, things may get tight.

May 31, 2011

Analysis: Germany, France risk nuclear power gap this summer

PARIS/FRANKFURT (Reuters) – Sun and wind in western Europe will be crucial this summer to ensure enough renewable electricity supplies to Germany and France, where nuclear power may fail to deliver, traders and analysts say.

Demand for power rises in the summer when homes and businesses turn on cooling devices but with a big chunk of Germany’s nuclear capacity out and a possible cut in French nuclear capacity due to a severe drought, things may get tight.

May 30, 2011

Germany seen facing problems with power reliability

FRANKFURT (Reuters) – German power market experts on Monday said they are concerned about the lack of a longer-term power buffer as some 8,800 megawatts (MW) of nuclear capacity look set to stay shut for good.

The ruling coalition announced plans for Germany to exit nuclear power by 2022 in a significant reversal of policy in light of Japan’s Fukushima nuclear crisis.

May 20, 2011

EIB supports Germany’s energy rebuild

FRANKFURT (Reuters) – The European Investment Bank (EIB) will support Germany’s move toward more green power with billions of euros in coming years, focusing on offshore wind and transport grids, an executive of the bank said on Friday.

Roughly 1.1 billion euros ($1.6 billion) of an overall 7 billion euro credit volume extended to Germany last year were devoted to energy, and that figure is due to rise by 2020, Vice President Matthias Kollatz-Ahnen told Reuters at an energy conference.

May 19, 2011

Gazprom:Europe wrong to focus on spot gas prices

SALZBURG, Austria, May 19 (Reuters) – Gazprom (GAZP.MM: Quote, Profile, Research) on
Thursday criticised European gas importers for backing spot
prices as a better benchmark for supplies rather than the long
term price deals to which they have committed with Russia.

Gazprom’s European customers have been stung by high
contractual prices in long-term deals, while weak demand and
oversupply curbed prices at spot gas trading hubs in Europe.

May 18, 2011

Wingas sees interest in German gas-to-power

SALZBURG, Austria (Reuters) – Germany’s emerging new energy future without nuclear has awoken interest from utility companies to build new gas-fired power stations, gas supplier Wingas said on Wednesday.

“We are currently in talks with between five and 10 parties which are interested in building gas-to-power plants about possible long-term gas supplies,” Wingas chairman Gerhard Koenig told Reuters in an interview.

May 18, 2011

Wingas warns of stagnant 2011 gas sales volumes

SALZBURG, Austria, May 18 (Reuters) – Wingas, a German joint
venture between BASF (BASFn.DE: Quote, Profile, Research) and Gazprom (GAZP.MM: Quote, Profile, Research), warned
2011 sales volumes would not be as high as last year’s, when new
customers and the coldest winter since 1969 fuelled demand.

German annual sales growth of 9 percent outdid overall 2010
sales growth by 5 percent and the German gas market as a whole,
where sales increased 4 percent, said Wingas chairman Gerhard
Koenig at a press conference on Wednesday.

May 10, 2011

Most Europe power markets to grow in 2011 -report

FRANKFURT, May 10 (Reuters) – Trading volumes in most
European power markets are set to grow again this year after an
increase of 9 percent across the region in 2010, a report by
research company Prospex said.

Europe’s economic recovery and Germany’s increasingly
anti-nuclear policy have driven prices higher in the region and
forced traders to adjust their positions in Europe’s biggest
single market, Prospex said.

    • About Vera

      "I report on German power and gas markets in liaison with a team of other specialists in European bureaus. I am based in Frankfurt and previously covered commodities out of Hamburg and London. My aim is to identify market and industry trends and to produce high quality copy which is accessible to expert subscribers as well as to energy and business audiences, and to help shape our energy products."
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