Bruce Farmer will retire as chairman of Scottish & Southern Energy (SSE) at the end of 2004, the company announced at its Annual General Meeting on Thursday. He will be succeeded by Sir Robert...

Dutch power prices fell back for the second week running with only Cal ’05 Baseload going against the trend. The Cal ended the week at EUR 40.45-40.55/MWh, up EUR 0.85/MWh from the previous Friday....

On the curve, French Calendar ’05 Baseload ticked up nearly EUR 0.30/MWh to EUR 33.20-33.30/MWh on the back of similar rises in Germany. With coal and oil prices continuing to rise, the move to buy...

Prices have drifted down this week as the bullish sentiment that pushed the price for 2005 emission allowances to EUR 8.70 per tonne of carbon dioxide equivalent (tCO2e) at the end of last week ran...

Endesa Italia has bought a 20 MW wind farm from Gamesa Energia for EUR 23.68 million. The Parque Eolico de Florinas farm in Sardinia came on-line at the beginning of 2004, has an installed capacity...

An explosion on the high pressure transit pipeline from Zeebrugge in Belgium to the French border on Friday morning has left several dead and hundreds injured. Fluxys, operator of the pipeline, said...

US-based oil and gas major ExxonMobil has posted second quarter earnings of $5.79 billion (EUR 4.81 billion), representing a 39% year-on-year increase. This figure, excluding accounting changes and...

The northern German 1,410 megawatt (MW) Unterweser nuclear plant was switched off late on Wednesday for repairs, operator utility E.ON said. The company attributed the fault to a leak in a measuring...

UK-based generator International Power said on Friday that it had acquired the international generation portfolio of Edison Mission Energy (EME) for a total purchase price of £1.3 billion. The...

A cold winter and a warmer-than average summer in 2003 led to a 3.2% year-on-year rise in Italian electricity consumption to 320.7 TWh according to grid operator GRTN. Stripping out the climate...

The Spanish financial market was mixed this week as the Pool strengthened to a maximum of EUR 38.00/MWh mid-week. Two 10 MW trades in Cal ’05 Baseload at EUR 31.25/MWh and EUR 31.35/MWh showed some...

CompaniesResults - Norwegian industrial group Norsk Hydro’s Q2 ‘04 earnings for the Oil and Energy division were boosted by higher average realised oil prices from $25.50 per barrel to $34.70/bbl and...

Norwegian offshore maintenance has kicked in at the end of this week, increasing demand on Britain’s NBP market, sources said. Traders have been aware for some time that Norwegian maintenance...

British energy regulator Ofgem has published its latest consultation document on the planned rollout of the British Electricity Trading and Transmission Arrangements (BETTA), which are due for...

Spot contracts recovered from early lows on Friday, amid reports of late buying from two producers, while the curve posted further gains on the back of continued bullishness in crude oil and coal...

Total gas sales in Spain for the first six months of 2004 increased by 16.7% year-on-year to reach 158,570 GWh, according to the Spanish gas association Sedigas. Sales in the liberalised market...

Scottish and Southern Energy (SSE) has acquired the Fiddler’s Ferry and Ferrybridge coal-fired power plants, along with 1.6 million tonnes of associated coal stocks from AEP for £136 million in cash....

Talisman, the independent North American producer, reported a slight drop in net profits to $197 million (EUR 164 million) in the second quarter. Although this is down 2.5% year-on-year, the second...

Ofgem has directed Transco not to implement this modification proposal on the grounds that it couldcompromise Transco’s confidentiality clauses pertaining to the disclosure of offshore...

UK gas and electricity suppliers are on course to meet the government’s targets under the Energy Efficiency Commitment (EEC), regulator Ofgem said on Thursday. Since 2002 47 TWh of energy – enough to...