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News Archive

Power

ACS bid for Union Fenosa passes the first test

The Spanish competition authorities have endorsed construction firm ACS’s bid to raise its stake in Union Fenosa by 10% to 35%, it announced on Thursday. The Spanish Competition Tribunal will now...

29 Dec 2005 00:00 | EDEM

Power

Austrian/Swiss January 2006 cross-border capacity auction results

Monthly auctions for January 2006 capacity between Switzerland and Austria were held on Thursday. The full 250 MW made available from Austria to Switzerland was sold, at a price of EUR 9.01/MWh. In...

29 Dec 2005 00:00 | EDEM

Power

Dutch Nuon ends green certificate deal with Norway’s Statkraft

Dutch utility Nuon has decided to stop buying green certificates on energy generated by Statkraft-owned wind farms, Smøla 1 and 2 and Hitra, terminating an agreement struck in September 2002 between...

29 Dec 2005 00:00 | EDEM

Power

Eastern Europe must improve energy efficiency to secure loans – EBRD

The European Bank of Reconstruction and Development (EBRD) is urging Eastern European companies to improve their energy efficiency if they wish to secure development loans. In an interview with the...

29 Dec 2005 00:00 | EDEM

Power

EDP dismisses claim its president threatened to resign

Portuguese power incumbent EDP is refuting claims in the press that president Joao Talone could step down, following disagreements with the socialist administration over Iberdrola’s stake in the...

29 Dec 2005 00:00 | EDEM

Gas

Eni and Portuguese government reach agreement on Galp

Italian energy major Eni is to retain its 33.30% stake in Portugal’s partly state-controlled gas supplier, Galp Energia, and will not exercise its buy-out option for a majority share. The agreement...

30 Dec 2005 00:00 | ESGM

Gas

French gas price freeze proposal meets with criticism

The French government is looking to legalise a freeze on gas prices this winter, the ministry of finance announced on Friday. A decision is expected on 1st January. This effectively reverses earlier...

30 Dec 2005 00:00 | ESGM

Power

Gas Natural and Endesa at loggerheads in run-up to anti-competition ruling

The Spanish competition tribunal met on Thursday to discuss Gas Natural’s takeover bid for Endesa, days before it presents its recommendations to the government on 7th January 2006. The tribunal has...

29 Dec 2005 00:00 | EDEM

Gas

German EnBW Gas to delay price increases until mid-January

Germany’s EnBW Gas will raise its gas prices in 2006, but two weeks later than expected in order to help its customers financially, EnBW said in a company statement.The move follows a previous...

30 Dec 2005 00:00 | ESGM

Power

Germany’s European Emissions Trading Scheme deemed a success by DEHSt

The German Emissions Trading Office (DEHSt) judged the first year of the European Emissions Trading Scheme (ETS) a success, head of DEHSt Hans-Jürgen Nantke said on Thursday.The ETS, which was set up...

30 Dec 2005 00:00 | EDEM

Power

Iberdrola starts up 208 MW of wind farms in Spain

Spanish power company Iberdrola has completed the construction its wind farm development in the central Spanish province of Guadalajara, the company said on Thursday. The total capacity of the wind...

29 Dec 2005 00:00 | EDEM

Power

Italy raises electricity prices by 2.50% for domestic customers

Electricity tariffs in Italy will rise by 2.50% for domestic customers, while gas prices will rise by 0.70% for the first quarter of 2006, the Italian electricity and gas regulator AEEG announced on...

30 Dec 2005 00:00 | EDEM

Gas

Italy raises gas prices by 0.70% for domestic customers

Electricity tariffs in Italy will rise by 2.50% for domestic customers, while gas prices will rise by 0.70% for the first quarter of 2006, the Italian electricity and gas regulator AEEG announced on...

30 Dec 2005 00:00 | ESGM

Gas

Spanish competition tribunal opposes Endesa takeover – press

A majority of the Spanish competition tribunal ruling on Gas Natural’s bid for Endesa opposed the takeover during the tribunal’s first meeting on Thursday, according to reports in Spanish press. A...

30 Dec 2005 00:00 | ESGM

Power

Spanish competition tribunal opposes Endesa takeover – press

A majority of the Spanish competition tribunal ruling on Gas Natural’s bid for Endesa opposed the takeover during the tribunal’s first meeting on Thursday, according to reports in Spanish press. A...

30 Dec 2005 00:00 | EDEM

Power

Spanish electricity demand up 4.40% in 2005 – Unesa

Spanish electricity demand rose by 4.40% to 250,795 million kWh in 2005, according to a report published by industry association Unesa. This implies a hike of 54% since 1997, taking into account...

30 Dec 2005 00:00 | EDEM

Gas

Spanish gas demand up 7.30% year-on-year in October

Spanish gas demand increased by 7.30% year-on-year in October, according to data published by the Strategic Reserve Corporation. Total demand rose to 28,541 GWh. Demand shifted from the regulated to...

30 Dec 2005 00:00 | ESGM

Gas

Still no deal between Ukraine and Russia – Gazprom refuses extension

Russia’s Gazprom refused on Friday a Ukrainian request for the negotiation deadline on supply costs to be extended until 10th January 2006. By the early afternoon, there was still no deal and...

30 Dec 2005 00:00 | ESGM

Power

Takeover bid casts doubt over Endesa’s Polish acquisition

Endesa’s acquisition of Polish power generator Dolna Odra is in doubt, as Poland’s treasury threatens to abandon the sale. Gas Natural’s hostile takeover bid worries the Polish government, according...

29 Dec 2005 00:00 | EDEM

Gas

US energy majors Amerada Hess and ConocoPhillips return to Libya

US energy majors Amerada Hess and ConocoPhillips are resuming operations in Libya after a 19-year absence, according to statements from both companies on Friday.Amerada Hess, ConocoPhillips and...

30 Dec 2005 00:00 | ESGM

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