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News Archive

Gas

Belgium: Zeebrugge Day-ahead basis widens on huge UK demand

Belgian prices surged Monday in line with big gains at the NBP and the neighbouring continental hubs.Zee Day-ahead basis cruised to a 2.15p/th gain...

29 Nov 2010 20:12 | ESGM

Gas

Britain: NBP rallies as demand reaches record level for November

The NBP rallied on Monday as demand crept to a record high for November, and temperatures were forecast to stay low.Demand rocketed to 433Mm³, which...

29 Nov 2010 19:32 | ESGM

Emissions

Carbon market snapshot

News that the UN has released a supply of almost 18m CERs caused a crash in the CER market and rippled through the EUA curve on Monday. The benchmark EUA...

29 Nov 2010 18:25 | EDCM

Power

CEE/SEE: Prices drop on expected warmer weather

Czech, Hungarian and Polish prices moved in lockstep with their German counterparts, faithfully mirroring the bearish sentiment on the spot and the upswing...

29 Nov 2010 19:42 | EDEM

Emissions

CER issuance down 25% in week to 29 November

CER issuance down 25% in week to 29 NovThe issuance of certified emission reductions (CERs) fell by 25%, to 1.4m, in the week to 29 November, according...

29 Nov 2010 16:19 | EDCM

Power

China Huaneng Group buys 50% stake in InterGen

Global power generation firm InterGen confirmed on Monday that China Huaneng Group has signed a purchase agreement to acquire a 50% interest in InterGen...

29 Nov 2010 16:28 | EDEM

Power

Continental: Freezing weather holds up spot levels in France

The focus remained on the spot on Monday as freezing weather arrived in western Europe.Day-ahead levels slipped as consumption forecasts proved slightly...

29 Nov 2010 19:56 | EDEM

Gas

Edison hopes for Azerbaijan supply deal by June

Italian gas and power major Edison plans to renegotiate its gas-supply contracts and form a new supply deal with Azerbaijan, a spokesman confirmed on Monday.The...

29 Nov 2010 16:16 | ESGM

Gas

France: Strong performance across the board on yet more cold

Prices shot up in France on Monday because of consistent cold weather forecasts.Traders were somewhat surprised by the volume of deals on Monday:...

29 Nov 2010 19:56 | ESGM

Power

French demand threatens record as spot levels spike

Demand in France will fall shy of record levels this week, according to consumption forecasts from grid operator RTE. Previous forecasts of freezing weather...

29 Nov 2010 16:49 | EDEM

Front year hits record high with physical strength, utility/bank buying

CIF ARA Calendar Year 2011 prices reached a recent record high of $110.25/tonne on Monday as a combination of factors coalesced to give substantial support...

29 Nov 2010 18:34 | CSD

Gas

Germany/Austria/Italy/Czech Republic: Cold weather catches traders offguard as prices skyrocket

Both NCG and GASPOOL turned bullish on Monday, following the trend at the TTF.NCG Day-ahead increased by €1.250/MWh from Monday's level. One trader...

29 Nov 2010 19:42 | ESGM

Gas

Naftogaz settles 12.1Gm3 gas dispute with ex-subsidiary

Ukraine's state-controlled oil and gas company Naftogaz will return 12.1 billion cubic metres (Gm3) of gas to its former supply intermediary RosUkrEnergo...

29 Nov 2010 17:52 | ESGM

Gas

Netherlands: TTF turns bullish with colder temperatures ahead

The Dutch market turned bullish on Monday as weather forecasts confirm at least a week of temperatures below seasonal average for the UK and western Europe....

29 Nov 2010 19:34 | ESGM

Gas

Physical west-to-east Yamal flows possible at €20m cost

Upgrading the Yamal transit pipeline to physically flow in reverse, from west to east, would cost €20m, Poland's economy ministry has said. According...

29 Nov 2010 18:33 | ESGM

Power

Rosatom puts up bill for Belene construction costs

Russian nuclear energy company Rosatom is looking to snap up a 40% share in Bulgaria's beleaguered Belene nuclear plant and negotiate an increase of at least...

29 Nov 2010 16:58 | EDEM

Power

RWE invests further in Belgian offshore wind

RWE invests further in Belgian offshore windGerman utility RWE has decided to make a further investment in the construction of the Thorntonbank wind...

29 Nov 2010 21:02 | EDEM

Power

Sarkozy steps in to block 576MW wind farm

A proposed offshore wind farm in the Pays de la Loire region, on the Atlantic coast, has been personally blocked by French President Nicolas Sarkozy. In...

29 Nov 2010 18:05 | EDEM

Power

SSE bid for Irish state energy assets ‘credible’ – analyst

The Irish government remained tight-lipped on Monday after reports surfaced at the weekend claiming that it was considering the sale of the country's state-owned...

29 Nov 2010 16:51 | EDEM ESGM

Power

UK: Market holds nerve as Day-ahead prices spike

UK spot Baseload contracts hit a 22-month high in early Monday trade as traders jostled to cover their exposure to weather-driven price spikes.But...

29 Nov 2010 19:22 | EDEM

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