Norway's power grid operator reduces its demand forecast and deficit projection
Statnett, the Norwegian transmission system operator, said that the growth of Norway's electric demand in the next few years will be slower than originally projected because the electrification rate is lower than expected. The TSO stated that the Nordic countries will no longer face a deficit in power as a whole during this decade.
Greek Subsea Cable links Crete to the Peloponnese
Greece has linked the island of Crete to the power grid of the Peloponnese peninsula via an undersea cable, a major step in the country's drive to cut its reliance on imported fossil fuel and boost renewables, the country's power grid operator IPTO said.The southern island of Crete, a popular summer holiday destination for foreigners…
NKT Bags East West Interconnector Contract
The Irish power grid operator EirGrid has awarded NKT a service contract for the interconnector connecting Ireland and Great Britain.The cable and cable accessories supplier to the energy sector has been awarded a five-year service agreement by the Irish power grid operator EirGrid for cable…
French, Irish Back Celtic Undersea Power Cable
French energy regulator CRE and its Irish counterpart CRU said on Monday they are backing a bid by the Celtic Interconnector undersea power cable project to get at least 60 percent of its 930 million euros investment from European Union grants.The 700 megawatts high-voltage power cable project…
Germany's Long Goodbye to Coal Despite Merkel's Green Push
Coal needed for power supply security for decades. Burning coal for power looks set to remain the backbone of Germany's energy supply for decades yet, an apparent contrast to Chancellor Angela Merkel's ambitions for Europe's biggest economy to be a role model in tackling climate change. Merkel is avoiding the sensitive subject of phasing out coal…
Norway Begins Laying Power Link to Germany
Norway's power grid operator Statnett said on Tuesday it has started laying a subsea power interconnector to Germany, with commercial operations expected to start in 2020 as previously planned. The first part of the cable, between Norway and the Danish sector of the North Sea, will be installed this summer, it added.
California Power Grid Tested as Heat Soars
California's power grid operator extended its call for consumers to conserve electricity into Thursday as a heat wave continued to bake the state, especially the inland cities. Electricity supplies statewide were expected to be tight as consumers cranked up their air conditioners, the California Independent System Operator (ISO) said in a statement.
Three Parties Interested in Greece's Power Grid Operator Stake
Greece has been approached by three parties interested in buying a minority stake in state-run power grid operator ADMIE, Energy Minister Panos Skourletis said in a newspaper interview released on Saturday. "The characteristics of the potential investors for the sale of a percentage of ADMIE are known ...
Statmett's Monopoly on Power Links Backed
Norway's power grid operator Statnett should retain a monopoly on building and operating international power links, the country's competition regulator said on Wednesday, in an unusual move. Statnett was granted exclusive rights by the former centre-left government in 2013, putting on hold a…
Poland May Face Power Supply Problems if Cold Snap Continues
Poland could face problems with power supplies in the coming days if the freezing weather conditions continue while river water levels are low, Polish power grid operator PSE said on Tuesday. "Due to the continued severe freeze in Poland there has been a significant increase in domestic electricity consumption.
Texas Power Demand Breaks Record Again in Heat Wave
The Texas power grid operator said electric demand hit another record high on Monday as consumers cranked up their air conditioners to escape a brutal heat wave. Demand reached a record 69,783 megawatts on Monday, topping the previous records of 68,912 MW set on Aug. 6 and 68,459 MW on Aug. 5, the Electric Reliability Council of Texas (ERCOT) said in a statement.
TX Power Demand Soars, Prices Spike
The Texas power grid operator said electric demand hit an all-time peak for a second day in a row on Thursday as consumers cranked up their air conditioners to escape a brutal heat wave, and power prices rose to an 18-month high. Next-day power prices at the Ercot North hub <SE-ERCONP-IDX> on…
Texas Power Demand at Record High
The Texas power grid operator said demand for electricity hit an all-time record as consumers cranked up air conditioners to escape a brutal heat wave on Wednesday, breaking the previous record set four years ago. Demand reached 68,459 megawatts, topping the previous record of 68,305 MW, set on Aug. 3, 2011 during an extended period of record high temperatures.
Greece to Look at Options for privatising grid unit
Greece will look to alternatives to privatising its power grid operator ADMIE as part of a new bailout deal with its lenders, Energy Minister Panos Skourletis told the weekly Agora newspaper in an interview published on Saturday. "We will follow the path of alternative, equivalent measures, as has been the case in other European countries…
Bulgaria Orders Green Energy Producers to Cut Output by 60%
Bulgaria's power grid operator ordered all renewable energy producers on Sunday to reduce their output by 60 percent in an attempt to balance production and consumption in the Balkan country, the state-owned company said. The grid operator has already imposed output cuts on thermal power plants…
California Has Enough Power for Summer Air Conditioning Demand
California will have enough power to meet air conditioning demand this summer despite continued low hydropower supplies due to an ongoing multi-year drought. The California Independent System Operator (ISO), the power grid operator for most of the state, said in a statement released late Thursday that the grid will benefit from new generation…
Statnett to Build Power Line to Northern Norway's Emerging Oil Region
Norwegian power grid operator Statnett will start constructing a new high-voltage power line to the country's north in 2016, it said on Thursday, bringing more electricity to what could emerge as the coutnry's new oil province. The project is aimed at ensuring security of supply to the newly emerging oil and gas region…
Greece to Seek Benefits from TAP Gas Pipeline
Greece is seeking to secure benefits from the Trans-Adriatic Pipeline (TAP) which is set to bring gas from Azerbaijan to Europe, the Greek energy minister said on Wednesday. TAP is the largest project underway to bring new supplies to European buyers after Russia shelved plans in December to build its South Stream gas pipeline to southern Europe.
As New England Freezes, Natural Gas Stays Cheap
What a difference a year makes. Twelve months ago, tumultuous weather in the U.S. Northeast caused record natural gas price spikes and forced some power plants to shut for lack of fuel as power producers scrambled to outbid each other for scarce supplies. This February, the region has shivered through the coldest weather in 81 years…
Italian Energy Review to Target Firms' Investment Returns
Italy's energy regulator has signalled it may rein in the high investment returns driving profits for some of the country's biggest power firms under a review of the sector. The AEEGSI watchdog published the first document in its review of power transmission and distribution late on Friday, setting…
