Belgian Minister for Climate and Energy, Paul Magnette, has called on CREG, the electricity and gas regulating commission, to have greater control over spiraling electricity and gas prices. In 2010 the price of gas rose by 19%, while electricity saw an increase of 7.5%.   Despite the liberalization of the market in 2007, prices have [...]

A government spokesperson yesterday announced that a “funding totalling $120 billion will be needed for the production of 22,000 megawatts of electricity from renewable sources over the next twenty years” The Algerian government is committed to putting forward $60 billion towards the project, while hoping they can attract international partners to provide the remaining funds. [...]

According to the German green electricity industry, the uniform subsidy system for renewable energies in Europe demanded by EU Energy Commissioner Günther Oettinger is not going to help reduce costs but push them up instead. In Berlin, the German Renewable Energy Association (BEE) explained that it is untrue that an EU-wide, standardised subsidisation would make [...]

The CNE criticizes the proposed tariffs because it raises the price of the kilowatt but does not reduce the companies’deficit, estimated at 14 billion. According to the Commission, the freezing of the regulated part of the bill will raise the deficit in 2011 up to 5.048 million, 3,000 million above the limit set by law. [...]

Last week the use of electricity in the Nordic countries reached 9.3 billion kilowatt hours. It is the second-highest electricity usage for a single week in the Nordic countries in November-December. The previous record was in Week 51 of last year, according to the Swedish Energy, when 9.5 billion kilowatt hours were used in the [...]

Investors in the Persian Gulf and private equity firms are seeking to buy power utilities in Turkey, where demand for electricity is expected to surge 6 percent a year until 2018, a partner at Deloitte said. Completed energy projects as well as planned investments are attracting interest, Sibel Çetinkaya, the partner in charge of the [...]

Two months ago, electricity prices increased by 3.4% in France. This might continue: the daily newspaper Les Echos is stating that the French government might consider a new increase in the prices to be able to finance clean energies development in the country…. EDF has seen its budget being decreased by green energy use in [...]

Regulated price of electricity has officially increased in France on 15 August by +3% for households and by +4% to 5.5% for companies.About 94% of French consumers, i.e. 28.5 million private individuals and 4 million companies are currently concerned by the regulated price of electricity, a French specificity. Those costs are jointly established by the [...]

Experts believe more interconnections are required by the increasingly important role of electricity in the economy     Sparks in the economy, not only because of the crisis. Electricity will play an increasingly larger role in the future of energy. In 2050, 60% of Europe’s energy needs will be met by electricity. In Spain, electricity demand [...]

Reports that France will see a power shortfall by as soon as 2013 will put greater pressure on the UK’s dwindling supply and force up prices – that’s according to the UK’s largest energy consultancy, M&C Energy Group. France is facing a growing dependency on electricity imports as demand outpaces supply, particularly at peak times. [...]