Italian regional utility ASM Brescia has signed a preliminary agreement to purchase a local distribution network from Italy’s dominant power utility, Enel, for EUR 166.5 million, the company said in...

Cal ’04 Baseload traded up to just over 45.00/MWh on Wednesday and back down to around EUR 40.00/MWh on Friday amid low liquidity, said dealers. “There have been some unusual movements in the Cal,”...

Europe needs a central forum for the development of data exchange standards for the electricity and wider energy market”, Ben Stern, coordinator of the Eurelectric Network of Experts for Information...

Czech power producer CEZ has reported sales of 58.05 billion crowns (EUR 1.81 billion) in its consolidated nine-month results calculated according to international accounting standards (IFRS)....

Day-ahead Baseload dropped EUR 2.00/MWh on Friday on the back of a boost in supply from a returning nuclear power plant on Thursday and a drop in demand due to milder temperatures forecast at the...

Electricidade de Portugal (EDP) said it had acquired options to buy stakes in two gas distribution companies for a total of EUR 151.3 million. The utility purchased an option to buy 46.3% of Portgas...

EU competition commissioner Mario Monti has accused France’s state-owned Electricite de France (EdF) of having received unfair tax benefits from 1986 to 1997. Monti proposes to fine EdF EUR 888...

EnBW Regional, a 100% subsidiary of EnBW, has acquired a 35% stake in the municipal utility of Ludwigsburg in return for its stake in the local power grid. EnBW Regional gave up its power grid,...

Germany’s parliament approved on Thursday a temporary subsidy for the solar power industry that could boost solar power generation by 20-30% next year. The new subsidy guarantees solar power...

Drax Holding Limited, which owns and operates the 4,000-megawatt Drax coal plant, announced on Friday that it was in talks with International Power over the restructuring of its finances once again....

Monday saw prices drop again in the Nordic markets on news of wet weather on the way. As has been the case in the past season, the most liquid was Winter 1-04. The front season hit an intra-day low...

TradingHub development - Accord Energy has signed up to Eurohub, the Dutch hub operator, owned by Gasunie Transmission Services (GTS). The company becomes the 12th member of the hub, which...

Norsk Hydro has shut down production on its Skagen hydro plant from 10:00 on 28th November until 23:00 on 14th December 2003 to perform drainage work on the inlet tunnel’s sand trap. ENERGI E2’s...

German coal-mining firm RAG is now keeping power firm Steag after it failed to attract a EUR 2.4 billion bid, according to local daily Handelsblatt. The firm has switched its attention to offloading...

French grid operator RTE has forecasted next week’s average domestic peak power demand to drop 0.7% week-on-week to 72,500 MW from 73,000 MW. RTE calculated demand to drop 1,300 MW due to milder...

RWE Energy will raise power prices on 1st January by less than 5%, according to c.e.o. Heinz-Werner Ufer. He denied media reports that had quoted price increases as high as 15%. He declined to state...

CGT, the largest union representing stateowned Electricite de France (EdF) and Gaz de France (GdF) plans a nationwide strike at the power utility on 11th December to protest against its partial...

The European Federation of Energy Traders elected four new members to its board at the association’s general meeting on Monday. The four are: Petter Longva, head of electricity trading and analysis...

The manager of the UCTE North Central block says a blackout was narrowly avoided on the German- Dutch border two weeks ago in a catalogue of events that also saw Europe’s biggest power exportertrying...

Irish energy regulator CER rejected a proposal by Viridian Power Limited in the competition for new generation capacity in the Republic of Ireland on Friday. Northern Ireland power utility, Viridian...