LONDON/FRANKFURT, August 4 (Reuters) – Coal prices’ downward
trajectory shows no sign of reversing as a supply glut, combined
with expectations that demand from top consumer China will
shrink more, paint a bleak outlook for the fossil fuel which
generates nearly half the world’s electricity.
Global coal prices have fallen by around 10 percent this
year bringing pain to top producers including Indonesia,
Australia and South Africa. They now stand at their lowest in
nearly a decade, extending losses from a bearish trend since
2011, as incremental growth in supply has outstripped demand.
DUESSELDORF, July 23 (Reuters) – Germany’s coal imports are
likely to fall to 53 million tonnes in 2015 from a record high
last year of 56.2 million, lobby group VDKi said on Thursday,
citing lower demand from power stations and steelmakers.
Coal is still the backbone of power generation in Europe’s
biggest economy, which is moving away from nuclear and fossil
power to renewable energy.
FRANKFURT, July 20 (Reuters) – The European Energy Exchange
(EEX) will offer wind and solar energy futures contracts from
Sept. 14, it said on Monday, allowing clients to speculate in an
increasingly important area of the electricity market.
The contracts, or cap futures, would be purely financial
and would not involve the delivery of power, continental
Europe’s biggest power exchange said in a statement.
FRANKFURT, July 8 (Reuters) – Germany’s deferral of the
death sentence for its coal sector still condemns power
producers to the suffering of engrained falling prices for
electricity, analysts say.
Seeking reductions in carbon dioxide emissions and battling
overcapacity in Europe’s biggest power market could have
prompted Berlin to usher in an aggressive phase-out of old
coal-to-power plants, supporting languishing prices.
FRANKFURT, June 30 (Reuters) – German utilities hope the
government will drop a plan to slap carbon levies on coal-fired
power plants on Wednesday, but compensating the companies to
move aging capacity to a reserve scheme instead would create new
Analysts warn that safeguarding the utilities’ income stream
could drive up climate protection costs and hurt consumers, and
prevent the depressed power market from shedding overcapacity.
BERLIN, June 25 (Reuters) – The closure of a big nuclear
power station this weekend will put additional strain on on
Germany’s electricity flows, grid operator TenneT TSO GmbH’s
(IPO-TTH.AS: Quote, Profile, Research) said on Thursday.
The construction of new power lines has failed to keep pace
with a fundamental shift in the way Germany generates energy as
it pursues its strategy of exiting nuclear power by 2022 and
cutting down emissions from fossil fuels.
FRANKFURT, June 25 (Reuters) – Germany’s utilities are
preparing for their next battle. While fighting to turn a
profit as energy policy hammers their businesses, energy groups
now fear technology companies disrupting what has been seen as a
safe if worthy sector.
Amazon revolutionised retail, Apple is
shaking up the music industry and RWE sees it as only
a matter of time before large technology groups start eroding
market share in power, where customers would jump at the
opportunity to cut their bills and increase efficiency.
BERLIN, June 24 (Reuters) – German Economy Minister Sigmar
Gabriel said on Wednesday he was considering an alternative to a
proposed levy on coal-fired power plants and would decide on
Germany is wrestling with how to reduce carbon dioxide
(CO2)emissions from the energy sector to stop it from falling
short of its ambitious climate targets, while safeguarding jobs
and securing its energy supply.
FRANKFURT, June 19 (Reuters) – More than half a century
after the world’s first commercial nuclear plant went into
operation in the United States, the industry may finally be
nearing a way to store radioactive waste underground
The world has 270,000 tonnes of used fuel stockpiled, much
of it under water in ponds at nuclear power stations, adding to
the urgency of finding a permanent storage solution for material
that can remain toxic for hundreds of thousands of years.
PARIS, June 5 (Reuters) – German utility E.ON
wants to see more gas-fuelled vehicles on the roads, to help
offset falling demand for the fuel and reduce harmful emissions,
and urged the German government to offer tax incentives.
Christopher Delbrueck, chief executive of the E.ON Global
Commodities (EGC) unit, also pointed out that gas-powered
vehicles are cheaper to run than diesel vehicles.