UK utility Centrica plans to increase its focus on power generation as a means of reducing its exposure to the volatile wholesale electricity market. The company made the statement in its preliminary...

Centrica this week announced its third potential storage site for the UK in the past year – the Baird field in the southern North Sea. Centrica has bought a 70% stake in the depleted offshore field...

Czech utility CEZ on Thursday offered its retail customers, including both residential users and industrials, the opportunity to fix their electricity price for 2010 now, due to the recent drop in...

Spain’s Endesa generated 88,190GWh in 2008, up 0.2% over the same period in 2007, the company said on Thursday. Of this figure, 68,241GWh corresponded to “ordinary regime” electricity production...

The European Regulators’ Group for electricity and gas (ERGEG) has criticised the proposal by the Czech EU Presidency to introduce a standardised fee for cross-border electricity trading. The...

European gas stocks fell by 12% in Week 8, down to 18.7 billion cubic metres (Gm3), according to the latest data from storage association GSE. Shippers withdrew a total of 2.7Gm3 over the period,...

BKW ups power traded volume in 2008Swiss supplier BKW increased the volumes of power traded in 2008 by nearly 10% to 11.88TWh, the company said in its results released on Thursday. Despite having...

Another GDF SUEZ storage auctionGDF SUEZ’s storage operator, Storengy, is to carry out another storage capacity auction on 5 March at its sites of Serene Nord, Serene Serene Sud and Sediane,...

Germany’s largest power producer RWE has posted a rise in revenue and operating result for 2008. The company’s performance was boosted by higher prices for power and gains particularly in its German...

French incumbent generator EDF sold nearly all the power it had on offer under its 31st Virtual Power Plant (VPP) auction on Wednesday, with prices more or less in line with those on the wholesale...

Po Valley Energy, the Australian exploration company active in Italy, has signed a gas off-take agreement with Elettrogas, the gas trading and distribution group. This is the second deal made for the...

The UK subsidiary of RWE, npower, has secured options to purchase two sites for potential new nuclear generation. It has already received a grid connection offer from the UK system operator for one...

Scottish Power is now the second UK supplier, after Scottish and Southern Energy (SSE), to announce price cuts for both its electricity and gas customers due to recent falls on wholesale markets....

Renewable Obligation CertificatesThe Scottish government has highlighted that the renewable obligation certificate (ROCs) system, will be critical in helping Scotland reach its renewable goal. For...

Spanish oil and gas company Repsol on Thursday posted a 2008 net income of €2.7bn, indicating a fall of 15% year on year, citing falling crude prices and industrial demand, the company...

Norwegian state-owned utility Statkraft announced on Thursday that its production levels rose 19% year on year in 2008 to 53.4TWh from 44.9TWh. The company also announced record profits, which were...

Switzerland’s reservoirs continued to fall week on week in Week 8 (to 23 February), dropping by 3.4 percentage points* to 33.5% fullness, according to Swiss federal energy office BFE. Week 8 levels...

Output from coal-fired plants in the UK fell by 8.6% year on year to 114.81TWh in 2008, according to the latest statistics released by the department for business enterprise and regulatory reform.The...

Yuriy Prodan, Ukraine’s minister of fuel and energy, said he is confident that Naftogaz Ukrainy (NAK) will be able to pay Gazprom for February gas deliveries by the 7 March deadline. “I think we will...

The new US budget is counting on getting an emissions trading scheme up and running by 2012. The budget proposal counts on allowance auctions bringing billions of dollars into the federal coffers as...