Senior Power Correspondent
Vera's Feed
Jun 25, 2014

Merkel to push back against EU if green energy support questioned

BERLIN, June 25 (Reuters) – German Chancellor Angela Merkel
said on Wednesday she would push back decisively against the
European Commission if it raised further objections to Germany’s
system of green power subsidies.

Berlin and the Commission have been at odds over the German
policy under which consumers pay a surcharge to finance
renewable energy while heavy industrial users are exempt. The
Commission raised new objections on Monday, which led to Germany
offering to change its planned reform at the last minute.

May 28, 2014

E.ON, RasGas sign flexible 2 bcm LNG supply deal into UK

FRANKFURT/MILAN, May 28 (Reuters) – Britain may receive more
liquefied natural gas (LNG) from the world’s biggest producer
Qatar under a deal signed by utility E.ON on
Wednesday, underscoring growing dependence on the Gulf State as
indigenous North Sea reserves run dry.

Eon’s energy trading arm struck a deal to send up to 2
billion cubic metres of gas over three years from Qatari
producer RasGas to Britain’s Isle of Grain import terminal,
where Eon has import rights.

May 20, 2014

Signs of hope for Germany’s loss-making power plants

FRANKFURT, May 20 (Reuters) – There are signs of hope for
German utilities looking for help to keep loss-making plants
open as Economy Minister Sigmar Gabriel drives energy reforms
and the regulator signals his support for lifting the sector out
of crisis.

The government wants utilities to keep gas- and coal-fired
plants open to ensure power supply when there is a lull in
variable wind or solar energy.

Apr 29, 2014

Swiss hydro power under threat from German energy shift

BERLIN, April 29 (Reuters) – Oversupply of German renewable
power threatens to undermine future hydroelectric operations in
neighbouring Switzerland, the chairman of Swiss utility Alpiq
said in an attack on Germany’s wind and solar

As Germany seeks to get out of nuclear energy fast and wean
itself off fossil fuels, it must also reconcile the national
plan with nine surrounding countries in converging markets that
are all affected by price movements and power flows originating
in the European Union’s biggest economy.

Apr 9, 2014

EEX energy bourse posts higher trades in Jan-March

LEIPZIG, Germany, April 9 (Reuters) – The European Energy
Exchange (EEX) posted a 5 percent rise in trading of its
flagship electricity futures for January through March,
benefiting from declining over the counter market participation
amid tighter EU financial regulation.

Continental Europe’s biggest power bourse on Wednesday
reported 350.3 terawatt-hours (TWh) of futures traded compared
with 333.3 TWh a year earlier, according to material issued at a
news briefing at the EEX in Leipzig.

Apr 4, 2014

European energy prices face weak spring

LONDON/FRANKFURT, April 4 (Reuters) – European benchmark
power, natural gas and coal prices have dropped to multi-year
lows and gas prices in particular could drop further in coming
months given oversupply and weak demand.

European energy prices have fallen steadily this year as a
result of a mild winter and a supply glut. A warmer-than-average
outlook for the start of spring has put further pressure on
prices this week.

Mar 27, 2014

Weather’s role in power prices will grow – Danske Commodities chief

FRANKFURT/PRAGUE, March 27 (Reuters) – The growing influence
of weather on Europe’s wholesale power markets will make them
increasingly volatile, creating new short-term trading
opportunities, the head of Danske Commodities said on Thursday.

Rising supply from weather-dependent solar installations and
wind farms has forced market players to wrestle with bigger
intraday swings in supply and demand, Torben Nordal Clausen told

Mar 14, 2014

German gas freeze menaces Wintershall’s technology exports

FRANKFURT, March 14 (Reuters) – Germany’s two-year-old
freeze on new exploration for gas means Wintershall
is less able to develop expertise at home and therefore risks
losing its competitive edge abroad, a board member of the energy
company said.

Environmental and political opposition to U.S.-style shale
gas fracking has led German authorities and policymakers to
refuse new licences, even for conventional gas technology, while
debate continues over a federal law on the future framework.

Mar 13, 2014

Wintershall CEO: Ukraine crisis won’t scupper Gazprom deal

KASSEL, Germany, March 13 (Reuters) – BASF oil
and gas unit Wintershall said the Ukraine crisis would not
scupper an asset-swap agreement with Gazprom which
would give Russia greater access to gas trading and storage in

Wintershall Chief Executive Rainer Seele said on Thursday
that the companies had all the necessary approvals and the
arrangement, agreed in 2012 and approved late last year, was now
only a matter of operational implementation.

Mar 10, 2014

EU deals blow to two big Russian gas pipeline projects

FRANKFURT/BRUSSELS, March 10 (Reuters) – Brussels dealt a
blow on Monday to two major Russian pipeline projects to supply
natural gas to Europe, in the latest sign of strains in the
energy links between Moscow and the European Union.

Russia’s seizure of Ukraine’s Crimea region has already
shaken political relations between Russia and the European

    • 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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