The EU will have to source the majority of its energy use from CO2 free sources by 2050, European energy commissioner Andris Piebalgs said in a speech marking the end of the public consultation into...

Leading European carbon exchange ECX said on Tuesday its September 2006 EUA contract expired on Monday 25th September with the final settlement price set at EUR 12.70/tCO2e. “In total 170 lots were...

The European Federation of Energy Traders (EFET) has drawn up a new master trading agreement for the Italian gas hub with an Italian language translation, EFET head Jan van Aken, told the 6th Italian...

The French parliament approved on Wednesday the amendment allowing the State to reduce its share in natural gas incumbent Gaz de France (GDF) below the current 70% legal threshold.The amendment now...

French gas stocks climbed to 97.4% fullness or 128.8 TWh (12.0 billion cubic metres, Gm³) in the week to 24th September, according to the latest data from storage owners GDF and Total (see table on...

The cost of cross-border monthly capacity for October from France to Germany was EUR 2.52/MWh, according to French grid operator RTE on Tuesday. The cost was 21.15% higher than the September cost of...

Germany’s E.ON has raised its offer for Endesa to EUR 35.00/share in response to Acciona’s unexpected acquisition of a 10% stake in the Spanish power generator, it said late Tuesday. “Against the...

Germany’s E.ON has raised its offer for Endesa to EUR 35.00/share in response to Acciona’s unexpected acquisition of a 10% stake in the Spanish power generator, it said late Tuesday. “Against the...

German gas supplier E.ON Ruhrgas has dismantled its long-term gas supply contracts with re-distributors, in accordance with the 1st October deadline laid down by the federal cartel office (FCO), a...

The EEX has reported a “successful launch” of its Intra-day trading platform, which started this Monday (see EDEM 10.184), according to a company statement from the Leipzig-based energy bourse on...

October was the most active trading period reported on Italy’s PSV market in the last week but the price was stable. October traded at Eni gas release minus Eurocents 0.7/m3 (EUR 0.66/MWh). Given a...

Anger over the regulated tariff price set by Italy’s regulator, AEEG, was still evident this week at the 6th Italian Energy Summit in Rome. Many municipalities have not had offers for gas as a result...

Northern Ireland-based gas supplier Phoenix Natural Gas will be putting up its gas prices by 14.5% from 1st October, the company announced on Wednesday.Phoenix Natural Gas said the increase was...

The cost of flowing Peak power from France to Italy for October fell 5% from EUR 35.21/MWh for September to EUR 33.42/MWh, according to French grid operator RTE on Tuesday. Available capacity...

Russian gas monopoly Gazprom confirmed on Wednesday that the price of US$ 95 per thousand cubic metres (Km3) of gas would not alter in the last quarter of 2006.In a statement Gazprom also confirmed...

German utility RWE said on Tuesday it had applied to the federal environment and economy ministries and the chancellery to transfer unused production rights from its defunct Mülheim-Kärlich nuclear...

ACS, the main shareholder in Spanish power supplier Union Fenosa, has purchased a stake in the equity capital of Iberdrola, the construction firm confirmed on Wednesday. ACS bought a 6.31% holding in...

ACS, the main shareholder in Spanish power supplier Union Fenosa, has purchased a stake in the equity capital of Iberdrola, the construction firm confirmed on Wednesday. ACS bought a 6.31% holding in...

Spanish hydro-stocks recovered unexpectedly in Week 39 following generous rainfall in the wake of a tropical storm, the environment ministry said in a statement on Tuesday. Reservoir levels rose to...

UK-based independent E&P company Venture Production has started a two-year drilling programme in the North Sea, which the company hopes will bring approximately 150 billion cubic feet (4.2 billion...