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News Archive

Power

ASM Brescia doubles power customer base in Enel deal

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...

28 Nov 2003 00:00 | EDEM

Power

Cal ’04 volatile as curve is illiquid

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,”...

28 Nov 2003 00:00 | EDEM

Power

Central forum needed to develop data exchange standards, Eurelectric

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...

28 Nov 2003 00:00 | EDEM

Power

Czech CEZ posts 58 billion crown sales in first nine months

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)....

28 Nov 2003 00:00 | EDEM

Power

Day-ahead Baseload slips on back of milder temperatures

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...

28 Nov 2003 00:00 | EDEM

Power

EdP acquires options on gas distributors for EUR 151 Mln

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...

28 Nov 2003 00:00 | EDEM

Power

Electricite de France faces EUR 888 million sanction over unfair tax benefits

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...

28 Nov 2003 00:00 | EDEM

Power

EnBW takes 35% stake in Ludwigsburg utility

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,...

28 Nov 2003 00:00 | EDEM

Power

German parliament approves solar subsidies

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...

28 Nov 2003 00:00 | EDEM

Power

International Power increases discount price for stake in Drax coal plant

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....

28 Nov 2003 00:00 | EDEM

Power

Low reservoir levels and weather dominate Nordic market

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...

28 Nov 2003 00:00 | EDEM

Gas

NEWS briefs

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...

28 Nov 2003 00:00 | EGM

Power

Nordic outages: Four plants go offline

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...

28 Nov 2003 00:00 | EDEM

Power

RAG about turns and wants to keep Steag

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...

28 Nov 2003 00:00 | EDEM

Power

RTE forecasts demand drop for Week 49 Peak

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...

28 Nov 2003 00:00 | EDEM

Power

RWE to hike prices by less than 5% in 2004s

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...

28 Nov 2003 00:00 | EDEM

Power

Strike due at EDF on 11th December, says CGT

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...

28 Nov 2003 00:00 | EDEM

Power

The European Federation of Energy Traders elects four new board members

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...

28 Nov 2003 00:00 | EDEM

Power

The lights are on, but no one’s …. Europe’s unexplained near blackout event

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...

28 Nov 2003 00:00 | EDEM

Power

Viridian loses battle for preferred bidder

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...

28 Nov 2003 00:00 | EDEM

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