Austria’s power incumbent Verbund posted a 43% year-on-year increase to its Q1 ’06 net profits to EUR 138.2 million, while operating profits totalled EUR 213.9 million, up 60% from the same period in...

The German BEB market tracked the sluggish bears on the TTF this week, as liquidity almost ground to a halt. Most players attributed this to planned maintenance work on two compressors at Bunde Tief...

Excelerate Energy on Wednesday announced plans for an LNG import project near Teesside in northern east England.“First natural gas deliveries are expected by December 2006, assuming required...

Fenpower Ltd is to construct a 6 MW wind farm at Ransonmoor arable farm in Cambridgeshire. Work on the £6 million (EUR 8.6 million) project, which will reduce CO2 emissions by 271,000 tonnes over a...

Finnish utility Fortum’s first quarter operating profits rose by 16.2% to EUR 472 million, according to financial results released by the company on Tuesday.For the period January to March, the...

Capacity for May on the interconnection from France to Germany was auctioned at EUR 4.16/MWh, according to French grid operator on Monday. There were 299 MW available.Twenty nine participants took...

The cost of flowing power from France to Italy in May rose 240% from EUR 6.61/MWh in April to EUR 22.56/MWh, according to French grid operator RTE on Wednesday. Available capacity stood at 691...

Ignacio Sánchez Galán will take charge of Iberdrola as the utility’s new c.e.o. on Thursday, when the group presents its first quarter results. Galán was unanimously chosen for the post in April...

A German regional court in Düsseldorf on Wednesday said it was likely to uphold a decision from the federal cartel office (FCO) regarding the immediate effect of the latter’s decision banning...

Germany needs a new, open and impartial debate on nuclear energy, the president of Germany’s Atomic Forum (DAtF), Walter Hohlenfelder told delegates at the energy and climate policy conference in...

Norwegian reservoir levels fell by 1.8 percentage points in Week 16, according to latest data from the Nordic power exchange, Nord Pool. The fall was the twenty-third consecutive weekly drop and put...

Polish gas incumbent PGNiG has appointed Boguslaw Marzec as president of the PGNiG management board. Marzec was the vice-president responsible for economic and financial issues since February, and...

Russian power utility Unified Energy System’s (UES) net profits for the first nine months of 2005 fell by 31% to RUB 9.75 billion (EUR 287 million), calculated according to International Financial...

Swiss electricity trading and energy services company Atel on Wednesday rejected claims in the Swiss press that the creation of the new energy group from the merger of Atel and EOS had been...

Swiss hydropower reservoirs climbed by 0.6 percentage points to 14.5% fullness in Week 17 (18th-25th April), according to data from the country’s federal energy office, the BFE. The increase is only...

French energy major Total announced on Wednesday it has signed agreements to sell its 25% stake in gas distributor Gaz de Strasbourg and its 16% stake in Gaz de Bordeaux to state-owned financial...

UK prime minister Tony Blair has reportedly ruled out the notion of blocking any bid by Gazprom for UK multi-utility Centrica, it emerged on Wednesday.According to unnamed sources quoted by the...

Tony Blair has reportedly ruled out the notion of blocking any bid by Gazprom for UK multi-utility Centrica, it emerged on Wednesday, as the backers behind controversial gas intermediary RosUkrEnergo...

Venture Production, the Aberdeen-based oil and gas company, has announced a year-on-year production increase of 77% to 29,864 barrels of oil equivalent per day (boe/d) in 2005.Soaring oil and gas and...

The long-proposed Severn Barrage generation project forms the backbone of the Welsh Assembly’s submission to the UK Westminster government’s Energy Review this week. If approved, the project could...