Electricity
Offshore wind to provide 17% of European electricity by 2020
Current offshore wind capacity has the potential to supply 17% of European Union electricity demand by 2030, according to the European Wind Energy Association (EWEA). Offshore wind currently provides a meagre 0.3% of European electricity demand.
Profile: Spectron's John Evans
John Evans, UK electricity market pioneer and business development director at Spectron Group, discusses the past, present and future of the European energy markets with Roderick Bruce.
E.ON completes 475MW wind farm in US
German utility E.ON has announced the completion of its 457.5 megawatt (MW) Panther Creek wind farm in Texas, making it one of the ten largest wind farms in the United States.
DTEK creates European electricity trading platform
Ukrainian fuel and energy provider DTEK has created a subsidiary company, Power Trade, enabling it to trade and export electricity to Europe and the Commonwealth of Independent States (CIS).
Dynegy announces further losses and asset sale
Wholesale power provider Dynegy has implemented a cost-cutting scheme and plans to sell nine power projects after announcing a $345 million second quarter net loss.
Spectron brokers first UK month-ahead power index deal
Interdealer broker Spectron's UK power desk yesterday brokered the first reported trade based on the new London Energy Brokers' Association (LEBA) Month-ahead UK Power index.
Exelon drops NRG acquisition plan
Exelon Corporation has terminated its offer to acquire all of the outstanding shares of NRG Energy common stock at a fixed exchange ratio of 0.545 of a share of Exelon common stock for each share of NRG common stock.
French power supply problems could hit UK
Unusually high temperatures last month put a third of France's nuclear power stations out of action, forcing the country to import electricity from the UK. According to Chris Bowden, CEO of energy and carbon advisors Utilyx, the UK may face similar…
NRG deals another blow to Exelon takeover attempt
NRG Energy has rejected Exelon Corporation's latest bid, saying it significantly undervalues the company.
Pickens Plan hit by transmission issues
Oil tycoon T. Boone Pickens has confirmed reports that he is to shelve plans to build the world's largest wind farm in Texas and will funnel the resources into smaller projects instead.
Icap offers cleared broking service to Iberian electricity market
Interdealer broker Icap Energy is to offer its cleared OTC broking services on the Iberian electricity market (Mibel).
Russia forges ahead with power market liberalisation
The freely-traded portion of the electricity market in Russia was increased from 30% to 50% on July 1. The rise is in line with the state's plans to achieve 100% free pricing by 2011 and sends a positive signal to the market that it will follow through…
Alpiq strengthens presence in Romania
Aare-Tessin, the electricity subsidiary of Swiss energy trading company Alpiq Holding, has acquired Romanian energy provider EHOL Distribution for an undisclosed fee.
Exelon increases NRG offer
Exelon Corporation has increased its offer to acquire all of the outstanding NRG common stock by 12.4%.
GDF Suez boosts Hungarian electricity market
The Brussels-based trading arm of GDF Suez yesterday extended its market making service for Hungarian futures traded on the Prague Energy Exchange (PXE).
Deutsche Börse introduces real-time information trading product
Deutsche Börse Market Data and Analytics has introduced a product that provides fundamental data for electricity trading and real-time data for the European power market.
Point Carbon launches US power trading product
Point Carbon, an energy and environmental market analyst, has launched its first power trading analytics tool for the North American market.
EEX launches power market transparency platform
The European Energy Exchange (EEX) has created a new transparency platform to publish generation and consumption data to further increase transparency on the wholesale market in conjunction with four Transmission System operators (TSOs) in Germany.
Essent Trading CEO resigns
Paymon Aliabadi, managing director and chief executive of Essent Trading, has resigned.
E.ON to sell 300MW of hydro capacity to Verbund
E.ON has announced that it will sell more than 300 megawatts (MW) of hydroelectric capacity to Austrian utility Verbund.