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News Archive

Power

Cal ’04 slips after bull run

After rising in recent weeks prices took off in earnest this week with increases of EUR 3.00 - 4.00/MWh among the months and Q1 ‘04. Cal ’04 Baseload reached a new high, trading up to EUR 39.90/MWh,...

31 Oct 2003 00:00 | EDEM

Power

Czech CEZ posts huge rise in profit on sale of majority stake in power grid

CEZ posted a 153% rise in nine-month unconsolidated net profit on Friday to 13.68 billion crowns (EUR 0.43 billion) thanks to 8.3 billion crowns in net income from the sale of a majority stake in the...

31 Oct 2003 00:00 | EDEM

Gas

East Surrey expands ES pipelines unit with United Utility acquisitions

East Surrey Holdings plc (“East Surry”), the water and gas utility company, said on Friday it had acquired two local gas network businesses from United Utilities PLC.East Surrey has paid £3.1 million...

31 Oct 2003 00:00 | ESGM

Power

EdP says to have deal on revamp of Portugal’s energy sector in November

Electricidade de Portugal (EdP) expects to see an agreement on the restructuring of Portugal’s energy sector by 28th November when the shareholders of the energy holding company Galpenergia are due...

31 Oct 2003 00:00 | EDEM

Power

French union extends next Thursday’s strike over pay to plants and grid

France’s CGT union reportedly said on Friday that its planned strike on 6th November over pay demands had been extended from energy workers involved in local distribution to those at power stations...

31 Oct 2003 00:00 | EDEM

Power

German Best Energy notifies customers of supply termination at year-end

Berlin-based power firm Bewag, part of the Vattenfall Europe utility group, said on Friday that it would officially dissolve its troubled retailer Best Energy by the end of the year. “Best Energy has...

31 Oct 2003 00:00 | EDEM

Power

German power exchange EEX posts third-quarter rise in revenue

German power bourse EEX announced third quarter revenue of EUR 7.67 million, EUR 2.30 million higher than the exchange had budgeted for, according to a statement posted on its website. EEX said it...

31 Oct 2003 00:00 | EDEM

Power

Germany’s economics and environment ministers reach green compromise

Germany has decided to reduce wind energy producers’ state remuneration by an annual 2%, up from a previously agreed 1.5%, according to Financial Times Deutschland. The agreement is seen in green...

31 Oct 2003 00:00 | EDEM

Gas

Hungary boosts Mol’s plan to sell gas assets with decrees regulating prices

Hungary has published decrees regulating domestic natural gas prices based on the cost of imports, which will boost the profitability of energy group Mol’s gas business.Hungary is due to open the gas...

31 Oct 2003 00:00 | ESGM

Power

Lack of rainfall next week expected to boost prices

Day-ahead Baseload rose EUR 0.625/MWh over the course of the session while Week-ahead Baseload remained unchanged. Week-ahead Peaks dealt up at a high of EUR 50.25/MWh before settling a little lower...

31 Oct 2003 00:00 | EDEM

Power

More price falls as Pool plummets

There were falls for the third week running on the OTC market as the Pool price slumped to near EUR 20.00/MWh on Friday, half the level of earlier in the week and down from near EUR 50.00/MWh earlier...

31 Oct 2003 00:00 | EDEM

Power

NORDIC OUTAGES: Ringhals 1 capacity reduced to 50% until Monday

Vattenfall said that 50% of its 845 MW Ringhals 1 nuclear plant would be offline from 30th October to 3rd November due to a feedwater leakage in turbine 11. Vattenfall also said that the restart of...

31 Oct 2003 00:00 | EDEM

Power

Prices edged toward contract highs on nuke fears, dry weather

Prices in the Nordic market have climbed close to life-ofcontract highs this week, as a jittery market has built on bullish fundamentals. Drier weather and concerns about Swedish nuclear plants have...

31 Oct 2003 00:00 | EDEM

Gas

Russia freezes share stake in Yukos, threatens confiscation if owner is guilty

Russian prosecutors have frozen a 44% block of shares in Yukos, the country’s biggest oil group, following the arrest at the weekend of its chief executive and biggest shareholder Mikhail...

31 Oct 2003 00:00 | ESGM

Power

Russian UES offers refuge to departing presidential administration chief

Anatoly Chubais, head of Russian power monopoly UES, has offered the country’s departing presidential administration chief a permanent job on the utility’s board, according to financial daily...

31 Oct 2003 00:00 | EDEM

Power

Scottish Power adds voice to blackout concerns, urges state intervention

The chief executive of Scottish Power, Ian Russell, has urged the UK government to re-evaluate its decision not to intervene in the electricity market, adding that electricity prices were currently...

31 Oct 2003 00:00 | EDEM

Gas

Statoil signs contract with ABB Offshore Systems for work on Sleipner Riser

Norway’s Statoil said on Friday it had signed a 400-million crown contract with ABB Offshore Systems for tie-in and modification work on the Sleipner Riser platform on behalf of the Sleipner and...

31 Oct 2003 00:00 | ESGM

Power

Sydkraft has no interest in acquiring Dong holding, despite reports

Swedish power company Sydkraft AB has currently no interest in acquiring a stake in Danish energy group Dong, president and c.e.o. Lars Frithiof told The Heren Report on Friday, thereby rebutting...

31 Oct 2003 00:00 | EDEM

Gas

Sydkraft has no interest in acquiring Dong, despite reports, says Dong c.e.o.

Swedish power company Sydkraft AB has currently no interest in acquiring a stake in Danish energy group Dong, president and c.e.o. Lars Frithiof told The Heren Report on Friday, thereby rebutting...

31 Oct 2003 00:00 | ESGM

Gas

UK Network Notes

Addendum to the minutes of the 92nd modification panel meeting held on 16th October. 92.5(c) Proposal 0655 Price Change Notification PeriodsFollowing a presentation from T Morrison (Shell Gas Direct)...

31 Oct 2003 00:00 | ESGM

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