Overall bearish sentiment led to losses in the month contracts on Monday. August ’04 Baseload closed at EUR 30.50-31.00/MWh, while November ’04 Baseload fell more than EUR 0.70/MWh to EUR...

The proposed restructuring of British Energy faces another obstacle in the form of a threatened revolt by major shareholders. Polygon Investments, a hedge fund, and long-time British Energy investor...

The leader of the UK’s main political opposition party, Michael Howard, is set to announce that a Conservative government would restrict the expansion of onshore windfarms, citing increasing public...

The British energy consumer watchdog, energywatch, has reported that the number of complaints that it received in the 2003-2004 year were down by just over 17% to approximately 90,000 compared with...

Dresdner Kleinwort Wasserstein (DrKW), the investment banking division of Germany’s Dresdner Bank AG, has appointed Neil Rothwell as managing director and head of commodities with a view to...

Romanian private gas distribution company, S.C. Congaz SA, plans to invest 200 billion Romanian lei (EUR 4.9 million) to upgrade the natural gas distribution system and serve more clients in the...

Turkey’s gas release scheme continues to stall due to difficulties in re-negotiating contracts with existing suppliers according to state-owned gas distributor BOTAS.Under the terms of the 2001...

The Italian energy sector will receive a much lower allocation of emission allowances, under the country’s amended National Allocation Plan (NAP) for the first phase of the EU Emissions Trading...

The Italian energy sector will receive a much lower allocation of emission allowances, under the country’samended National Allocation Plan (NAP) for the first phase of the EU Emissions Trading Scheme...

ESB National Grid, the Irish electricity network operator, has revised its six-year demand forecast upwards due to stronger prospects for the economy. In its 2004-2010 Forecast Statement, published...

Gas Natural of Spain has submitted plans for two 8 Gm3/ yr LNG receiving terminals to the Italian government for approval.Costs have already risen by EUR 100 million to EUR 600 million since Gas...

The two incumbent gas suppliers in the south of France have published the rules of the auctions they are to hold as part of the gas release program agreed with the French regulator. The two companies...

Glencore International, the Swiss commodity trader, has confirmed that it has submitted a tender to acquire the Fiddler’s Ferry and Ferrybridge UK coal-fired power plants from US utility AEP. A...

Electricity consumption reached a new record in Italy on Friday last week as summer demand outstripped the winter peak for the first time, according to the grid operator GRTN. Demand of 53,500 MW on...

Denmark began exporting gas to the Netherlands on Monday, through a new 100 km, 26 in subsea pipeline, according to Shell’s Danish unit Shell Olie og Gasudvinding. The gas will flow from the...

Germany’s environment minister, Juergen Trittin, has won a further concession in the government dispute over the new competition rules for the energy sector, German daily newspaper, Handelsblatt,...

Electricity consumption in mainland Europe increased by 3% to 2,376.1 TWh in 2003, while generation capacity rose by 6.7 gigawatts (GW) to 569.1 GW, according to figures published on Monday by the...

The British energy consumer watchdog, energywatch, has reported that the number of complaints that it received in the 2003-2004 year were down by just over 17% to approximately 90,000 compared with...

Dana Petroleum, the independent UK oil and gas producer, has bought an additional 53% in the UKCS Barbara gas and condensate field from Amerada Hess for $7.5 million (EUR 6.2 million) in cash, the...

Venture Production, the Aberdeenbased independent oil and gas producer, has renegotiated transport costs on the LOGGS pipeline system for its Audrey field and has increased its equity in the Saturn...