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Centrica first-half profits fall 35 pct on weather woes

LONDON, July 31 (Reuters) - British utility Centrica posted a 35 percent fall in operating profit for the first half of the year as a mild winter in its home market led to reduced energy demand and extreme weather in North America increased costs.

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EU carbon prices rise 1.8 pct higher ahead of supply cut

LONDON, July 30 (Reuters) - European carbon prices rose 1.8 percent on Wednesday as a looming cut in supply from government auctions of permits provided support and encouraged steady buying from utilities.

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German environment agency calls for rules preventing fracking

July 30 (Reuters) - Germany’s Environment Agency said it wanted to make fracking practically impossible to head off the risk that the technique for extracting gas could contaminate groundwater with chemicals.

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EU sets dates for resumption of aviation carbon permit sales

LONDON, July 29 (Reuters) - European Union member states will sell a total 9.3 million aviation carbon permits across five auctions starting in September, the European Commission said on Tuesday, resuming sales following a near two-year hiatus.

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EU carbon prices drop on Russia sanction news

LONDON, July 29 (Reuters) - European carbon prices lost more than 3 percent on Tuesday afternoon as wider energy prices fell on news that the EU had reached a deal on economic sanctions against Russia that would not target gas or coal imports.

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German renewables meet 28.5 pct of power use in first half

FRANKFURT, July 29 (Reuters) - Power from renewable resources in the first half of 2014 made up 28.5 percent of German power consumption, up 3.9 percentage points from the same 2013 period and the highest half-year result to date, energy industry lobby BDEW said on Tuesday.

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Power producer Drax H1 earnings fall 15 pct on carbon tax

LONDON, July 29 (Reuters) - British power producer Drax Group Plc reported a 15 percent fall in first-half earnings, hurt by the increasing cost Britain's carbon tax.

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EU carbon prices climb to 4-month high

LONDON, July 28 (Reuters) - European carbon prices rose to their highest in more than four months on Monday as energy prices climbed and buyers stocked up amid tighter supplies of permits and on expectations of lower auction volumes ahead.

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Europe Power- Curve prices hold on to gains, shy away from more

FRANKFURT, July 25 (Reuters) - European power forward benchmarks on Friday inched up to match the high levels reached so far on concerns that new sanctions on Russia may lead it to curb energy exports to Europe, but stopped short of extending them.

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EU carbon sinks 1.6 pct as industrial firms seen selling

LONDON, July 24 (Reuters) - European carbon prices fell 1.6 percent on Thursday as industrial companies took advantage of recent price gains to offload surplus permits, increasing supply.

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Vattenfall says tough conditions linger as underlying profit falls

STOCKHOLM, July 23 (Reuters) - Swedish utility Vattenfall said tough conditions for the energy market remained as it posted a 24 percent drop in underlying second-quarter operating profit on Wednesday, hit by lower energy prices and weak demand.

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UPDATE 2: EU approves UK capacity market, renewable support scheme

LONDON, July 23 (Reuters) - The European Commission gave the go-ahead to Britain's proposed energy capacity market and a scheme to support renewable energy generation on Wednesday, paving the way for sweeping reform of the country's electricity market.

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EU bosses outline energy savings goal to cut need for Russian gas

BRUSSELS, July 23 (Reuters) - The European Commission on Wednesday put forward a target to improve energy savings by 30 percent as part of efforts to curb EU reliance on Russian gas imports.

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France backs 30 percent energy efficiency goal -letter

BRUSSELS, July 22 (Reuters) - France's energy minister threw her weight behind an energy savings goal of at least 30 percent for 2030 ahead of talks in Brussels on Wednesday to thrash out a target.

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UPDATE 1-Britain sticks with tough carbon target despite opposition

LONDON, July 22 (Reuters) - Britain's government said it would stick with a goal to curb emissions by 2027 to 50 percent of the 1990 levels, a target that has led to political opposition and that its own advisers have said will be hard to meet.

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