July 2013

London, 2 July (Argus) — Norwegian state-owned utility Statkraft is implementing plans to expand its biomass operations into physical trading, concentrating initially on supply originating in Scandinavia, Iberia and the Baltics, it said. The company aims to be trading about 50,000 t/yr of wood pellets by the end of this year, rising to about 2mn […]

London, 27 June (Argus) — The UK’s Department of Energy and Climate Change (Decc) has announced draft strike prices under the new contracts for difference (CFDs) renewable subsidy scheme today, guaranteeing the electricity price generators will receive until 2019 and giving much needed certainty for biomass investment. Biomass-fired power plant conversions will be guaranteed £105/MWh […]

(Published Utility Week – 4th July 2013) – RWE NPower has shelved its biomass project at Tilbury Power Station, citing difficult market conditions. The decision takes a further 750MW of generation offline, potentially exacerbating a predicted capacity squeeze mid-decade. The plant is opted out of the Large Combustion Plant Directive (LCPD) and is expected to […]

By Julia Mengewein – July 5 (Bloomberg) — Germany’s $710 billion green-energy drive is cutting production at nuclear reactors, the nation’s most profitable large-scale plants, as power prices slump to a six-year low. The proportion of hours during which electricity traded at less than 30 euros ($39) a megawatt-hour, the level at which UBS AG […]