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News Archive

Gas

APX and Endex finalise merger details

APX and Endex have announced further details of their merger (see ESGM 14.173). Under the terms of the deal, which was signed in Amsterdam on Wednesday, APX will buy 90.85% of the shares in Endex,...

25 Sep 2008 00:00 | ESGM

Power

APX and Endex finalise merger details

APX and Endex have announced further details of their planned merger (see EDEM 12.173). Under the terms of the deal, which was signed in Amsterdam on Wednesday, APX will buy 90.85% of the shares in...

25 Sep 2008 00:00 | EDEM

Gas

Are destination clauses still in operation for UK industrial buyers?

Continental suppliers are refusing to sell gas to industrial buyers on oil-indexed contracts if the gas is for delivery to the UK market, according to several companies.“The UK operates on a...

25 Sep 2008 00:00 | EUEPR_NL EUEPR_UK

Power

Are destination clauses still in operation for UK industrial buyers?

Continental suppliers are refusing to sell gas to industrial buyers on oil-indexed contracts if the gas is for delivery to the UK market, according to several companies.“The UK operates on a...

25 Sep 2008 00:00 | EUEPR_NL EUEPR_UK

Power

BERR report shows substantial decrease in electricity consumption, domestic coal attractive

Quarterly energy statistics released by the Department for Business, Enterprise and Regulatory Reform (BERR) showed a considerable decrease year-on-year of electricity power consumption in the UK,...

25 Sep 2008 00:00 | EDEM

Gas

Credit lines to banks still up and down but main casualty is speculative trade

The crisis of confidence in banks has resulted in a nervous week on the NBP market. Curve liquidity has been hit as the more conservative trading companies have cut credit to many banks, but this was...

25 Sep 2008 00:00 | EUEPR_NL EUEPR_UK

Power

Credit lines to banks still up and down but main casualty is speculative trade

The crisis of confidence in banks has resulted in a nervous week on the NBP market. Curve liquidity has been hit as the more conservative trading companies have cut credit to many banks, but this was...

25 Sep 2008 00:00 | EUEPR_NL EUEPR_UK

Gas

Elexon respond to Eon’s call for transparency in the UK LCPD

Eon UK has called for more transparency in the UK power market due to the influence of the Large Combustion Plant Directive (LCPD). The company lodged a proposed modification to the BSC (balancing...

25 Sep 2008 00:00 | EUEPR_NL EUEPR_UK

Power

Elexon respond to Eon’s call for transparency in the UK LCPD

Eon UK has called for more transparency in the UK power market due to the influence of the Large Combustion Plant Directive (LCPD). The company lodged a proposed modification to the BSC (balancing...

25 Sep 2008 00:00 | EUEPR_NL EUEPR_UK

Gas

EU ETS industry production up 1.3% in June

Production in the industrial sectors covered by the EU Emissions Trading Scheme (ETS) rose by 1.3% in June 2008, according to financial institution Caisse de Dépôts and emissions exchange BlueNext,...

25 Sep 2008 00:00 | EUEPR_NL EUEPR_UK

Power

EU ETS industry production up 1.3% in June

Production in the industrial sectors covered by the EU Emissions Trading Scheme (ETS) rose by 1.3% in June 2008, according to financial institution Caisse de Dépôts and emissions exchange BlueNext,...

25 Sep 2008 00:00 | EUEPR_NL EUEPR_UK

Emissions

Extra credits will be needed to meet Ireland’s Kyoto targets - EPA

According to the Irish’s Environmental Protection Agency (EPA), Ireland will be at least 1.4 million carbon credits short of its Kyoto targets every year until 2012. In order for Ireland to fall...

25 Sep 2008 00:00 | EDCM

Emissions

Financial turmoil threatens planned US cap-and-trade scheme

As regional emissions trading initiatives get off the ground in the US this week, stakeholders warn that plans to launch a nationwide scheme is losing steam.The West Climate Initiative released its...

25 Sep 2008 00:00 | EDCM

Gas

For the Record

Gas turbine upgrades at Didcot BRWE npower has begun upgrade work on its gas fired 1,360 MW Didcot B plant, to improve the plant’s reliability and efficiency. The £60 million (EUR 75.81 million)...

25 Sep 2008 00:00 | ESGM

Gas

GDFDT and GVS Netz offer “South Bridge” product

German TSOs Gaz de France Deutschland Transport (GDFDT) and Gasversorgung Süddeutschland (GVS) Netz have started offering a new product to enable transport between their two market areas. The...

25 Sep 2008 00:00 | ESGM

Gas

Hedge fund fallout expected to be “significant” in the coming months

Following the rapid rise in interest and subsequent investment in energy in the past year, many hedge funds had jumped on the bandwagon. Investment flows into European energy commodities sky-rocketed...

25 Sep 2008 00:00 | EUEPR_NL EUEPR_UK

Power

Hedge fund fallout expected to be “significant” in the coming months

Following the rapid rise in interest and subsequent investment in energy in the past year, many hedge funds had jumped on the bandwagon. Investment flows into European energy commodities sky-rocketed...

25 Sep 2008 00:00 | EUEPR_NL EUEPR_UK

Emissions

Hungary gives green light to NAP

The Hungarian government on Wednesday finally approved its Phase II NAP. According to the climate change department at the environment ministry, the revised plan will be for 26.9 million allowances...

25 Sep 2008 00:00 | EDCM

Emissions

Market Snapshot

Sliding coal prices, which on most contracts lost around $5.00/tonne compared to the previous session, attempted to support carbon products. However continued losses on German front year power...

25 Sep 2008 00:00 | EDCM

Gas

Met Office: Winter temperature forecast “above normal”

Winter 2008/2009 temperatures throughout Europe are likely to “above normal”, although temperatures are likely to be less mild than last winter (December to February), the UK Met Office said in its...

25 Sep 2008 00:00 | EDEM ESGM

Power

Met Office: Winter temperature forecast “above normal”

Winter 2008/2009 temperatures throughout Europe are likely to “above normal”, although temperatures are likely to be less mild than last winter (December to February), the UK Met Office said in its...

25 Sep 2008 00:00 | EDEM ESGM

Gas

Steel and aluminium first in line for free allowances

The steel and aluminium industries might be first in line for free allowances among the new sectors entering the scheme in the next trading phase, preliminary documents from the European Commission...

25 Sep 2008 00:00 | EUEPR_NL EUEPR_UK

Power

Steel and aluminium first in line for free allowances

The steel and aluminium industries might be first in line for free allowances among the new sectors entering the scheme in the next trading phase, preliminary documents from the European Commission...

25 Sep 2008 00:00 | EUEPR_NL EUEPR_UK

Power

Study supports Czech stance on gradual phase in of CO2 allowance auctioning

Introducing an auction system for the allocation of CO2 emissions allowances in 2013, proposed by the EU, could cause electricity prices in the Czech Republic to increase by 30% for households, and...

25 Sep 2008 00:00 | EDEM

Gas

Swiss reservoirs drop in Week 39 but remain comfortably above 2007 levels

Switzerland’s reservoir levels fell 2.6% week-on-week in Week 39 to 92.7%, according to the country’s federal energy office BFE on Thursday. Levels were 3.5% higher year-on-year, as well as 3.4%...

25 Sep 2008 00:00 | EDEM

Gas

UK gas demand edges higher; gas exports down 18.7% – BERR report

UK demand for natural gas was 3.7% higher in the second quarter of 2008 at 232.08 TWh, compared with the same prior-year period, according to the latest energy statistics published by the UK...

25 Sep 2008 00:00 | ESGM

Gas

UK sets date for first auction, while the Netherlands still debate allocation

Britain is set to hold its first auction for Phase II emission allowances on 19th November 2008, the country’s Treasury said on18th September. An announcement on the number of allowances up for sale...

25 Sep 2008 00:00 | EUEPR_NL EUEPR_UK

Power

UK sets date for first auction, while the Netherlands still debate allocation

Britain is set to hold its first auction for Phase II emission allowances on 19th November 2008, the country’s Treasury said on18th September. An announcement on the number of allowances up for sale...

25 Sep 2008 00:00 | EUEPR_NL EUEPR_UK

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