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News Archive

Gas

BP-TNK partners complete joint venture deal, include Slavneft

UK energy giant, Russian industrial group Access-Renova (AAR) and investment company Alfa Group said in a joint statement on Friday that they had completed the deal to combine their Russian and...

29 Aug 2003 00:00 | ESGM

Power

CEZ gets board approval for its expansion plans

The supervisory board of eastern Europe’s biggest power company, the Czech Republic’s CEZ, has reportedly approved the state-owned firm’s foreign expansion plans. The significance of a move eastward...

29 Aug 2003 00:00 | EDEM

Gas

Danish Dong reports first-half profit rise of 32% to DKK 1.44 billion

Dong, Denmark’s state-owned gas company, has posted first-half profits of DKK 1.44 billion (EUR 0.19 billion), a rise of 32% over the same period in 2002, mainly due to high oil prices, which more...

29 Aug 2003 00:00 | ESGM

Power

Dry forecasts, nuke restart delay keep prompt and curve buoyant

Nordic prices fell at the beginning of the week on the back of a fall in the short term market but recovered from the middle of the week onwards, as weather forecasts predicted drier weather ahead....

29 Aug 2003 00:00 | EDEM

Power

DTI reports on Renewables Obligation scheme to benefit small generators

The Department of Trade and Industry on Friday issued a consultation document on certain aspects of the Renewables Obligation, the scheme under which electricity suppliers must secure a certain...

29 Aug 2003 00:00 | EDEM

Power

EdP debt downgraded amid fallout from Portugal’s energy revamp

Uncertainty about the imminent reorganisation of Portugal’s energy sector has resulted in a downgrade for the debt of the country’s dominant power utility, Electricidade de Portugal (EdP). Standard &...

29 Aug 2003 00:00 | EDEM

Power

EnBW plans to close Yello’s Cologne headquarters — report

Germany’s EnBW refused to comment on Friday on a local press report that the company was planning to close the Cologne headquarters of its power retail subsidiary Yello. German magazine...

29 Aug 2003 00:00 | EDEM

Power

German first-half hydro output falls 7%

The association of German electricity suppliers VDEW said on Friday that dry weather conditions had caused a 7% fall in output from hydro power plants in the first half of 2003. Thermal power...

29 Aug 2003 00:00 | EDEM

Power

Italian power cut fears prove unfounded

Italian transmission grid operator GRTN announced on Friday that it would not be interrupting power supplies on the day. Interruptible contracts were cut on Thursday when demand reached 46,000 MW...

29 Aug 2003 00:00 | EDEM

Power

More price falls as weather cool

The Spanish OTC market fell back for the second week running in the week ending on 29th August as temperatures declined further following the end of the heatwave. Most of the price weakness was...

29 Aug 2003 00:00 | EDEM

Power

Nordic outages: Maintenance period cut at Aurland 1 unit

The maintenance period at E-CO Vannkraft’s 675 MW Aurland 1 unit 2 hydro plant has been reduced from three to two weeks. The plant will now restart on 15th September, the Nord Pool exchange has said....

29 Aug 2003 00:00 | EDEM

Gas

Norwegian producers call on government to make tax cuts

Norwegian oil and gas companies pressed their national government on Thursday for tax cuts and approval of exploration in new areas to prevent a decline in the development of oil and gas activities...

29 Aug 2003 00:00 | ESGM

Power

Power cut in South-East England provokes calls for more investment

A half-hour power cut that brought London and the South-East of England to a standstill during the evening rush hour on Thursday has sparked calls for increased investment in the UK electricity...

29 Aug 2003 00:00 | EDEM

Power

Prompt up as France returns to work

French prompt electricity prices rose on Friday as the remainder of people still on their August holidays are expected to return to work on Monday. The traditional increased load in the first week of...

29 Aug 2003 00:00 | EDEM

Power

Recovery after post-heatwave dip

The Dutch market bounced back in the week ending 29th August after falling heavily during the previous two weeks as the end of the heatwave left some prices floundering. “The market followed Germany...

29 Aug 2003 00:00 | EDEM

Power

RTE to reduce France-Spain interconnection capacity on Saturday

French grid operator RTE is reducing capacity on the France-Spain interconnection on 30th August to 800 MW between 17.00 and 20.00. The grid operator said that the reduction was necessary to conduct...

29 Aug 2003 00:00 | EDEM

Gas

Shell and Gasunie join forces on gas services

Shell Global Solutions International BV and Dutch Gasunie Research said on Friday they were to cooperate by providing consultancy services to gas companies across the supply chain for an initial...

29 Aug 2003 00:00 | ESGM

Power

UK outages: Offline capacity up to 13,112 MW; West Burton 4 off the grid

A total of 13,112 MW of power station capacity was offline in the UK on Friday, according to data from Elexon, the Balancing and Settlement Code company. This is slightly higher than the 12,627 MW...

29 Aug 2003 00:00 | EDEM

Power

US energy group MMC becomes fourth wannabe rescuer of troubled Drax

New York-based Miller, McConville, Christen, Hutchison & Waffel (MMC) joined the battle for Europe’s biggest power plant on Friday, with an offer of £100 million but no proposal to buy any of...

29 Aug 2003 00:00 | EDEM

Power

Weekly review

Discussion in the UK market took a while to get going at the beginning of the week, as traders struggled get back into the swing of things after the extended weekend. Initially talk along the curve...

29 Aug 2003 00:00 | EDEM

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