As industrial order books contract by one-quarter in a string of EU countries, analysts are bracing themselves for a price crash if Phase II turns out to be long.Eurostat figures released on Tuesday...

The Czech Republic issued its 2009 EU allowances (EUAs) last Friday, the Czech Registry for Emissions Allowances Trading has reported on its website.The country handed over 85.4m allowances to energy...

A cold snap, which seized the Czech Republic and Slovakia during the past week, supported spot electricity prices, reducing the spread with Germany registered during the previous week, traders said....

France’s EDF and Italy’s Enel have sealed a deal on nuclear cooperation, giving the opportunity for EDF to take part in nuclear projects in Italy, the company announced on Tuesday. A 50:50 joint...

EU foreign ministers have rejected the European Commission’s proposal to finance €3.75bn of energy infrastructure projects from a €5bn pot of unused cash within the bloc’s 2008 budget.“The prevailing...

EU foreign ministers have rejected the European Commission’s proposal to finance €3.75bn of energy infrastructure projects from a €5bn pot of unused cash within the bloc’s 2008 budget.“The prevailing...

There was fresh buying interest on the EU allowance (EUA) Year 2009/2012 spread on Tuesday after it had slumped to €1.35/tonne of CO2 equivalent (tCO2e ) on Monday.By the end of Tuesday’s session,...

Dutch gas exports at record levelThe volume of gas exported from the Netherlands reached a new record high in 2008, at 58.5 billion cubic metres (Gm3), according to the country’s central bureau of...

The proponents of LNG import projects in France appear to have stepped up the progress rate of their respective plans following delays caused by a string of public consultations held last year on a...

French reservoir levels dropped 3 percentage points week on week to 62% in Week 9 (to 23 February), according to French grid operator RTE on Tuesday. But levels remained two percentage points higher...

The joint venture (JV) between Gazprom and Kazakhstan to produce gas at the giant Karachaganak field and process it in the Russian city of Orenburg could be suspended due to the current global...

The worrying signs that Ukraine could face difficulties paying for the gas imported from Russia in February are seemingly compounded by the uncertainties surrounding “take or pay” provisions in the...

A spate of industrial closures and short-term production cuts in the Nordic region led to a fall in power consumption during 2008. The final quarter was the hardest hit, according to Nordic energy...

The 700MW NorNed interconnector will be back in action from 25 February, according to Norwegian grid operator Statnett. A capacity auction to send power across the cable was held on Tuesday.The...

Czech electricity supplier Moravia Energo has been suspended from participation in the Czech organized electricity market managed by Electricity Market Operator OTE, the operator said on Monday.The...

French chemical company Rhodia revealed on Wednesday that it has already hedged the average price of more than half of its 2009 output of Certified Emission Reductions (CERs) at €15.5/tonne of CO2...

RWE is restructuring its supply and distribution business, the utility announced on Tuesday. By aligning the executive management of the RWE Group more closely with national markets, the company...

RWE is fundamentally restructuring its supply and distribution business, the utility announced on Tuesday. By aligning the executive management of the RWE Group more closely to national markets, the...

Available Spanish hydro stocks climbed by 1.6 percentage points in Week 8 to 11.188TWh (62.5% full) from 10.895TWh in Week 7, according to the latest data published by the Spanish environment...

Consultancy Ernst and Young (E&Y) has said the UK’s power sector needs to invest £234bn (€265.12bn) by 2025 to maintain security of supply and to reach governmental targets for the industry. The...