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Analysis: German households pay for lower industrial power prices

May 22, 2013 05:31
By Henning Gloystein and Vera Eckert LONDON/FRANKFURT (Reuters) - German households are paying for ever cheaper wholesale power supplies to industry as the government uses money from soaring domestic bills to subsidize renewable energy, in turn creating overcapacity on the country's grid. Chancellor Angela Merkel accelerated the exit from nuclear in 2011, speeding the path towards a power sector that is increasingly dominated by renewables in a move that has been criticized as costly, hasty and damaging.

No 'active' U.S.-EU-China solar talks under way: USTR

May 21, 2013 15:04
WASHINGTON (Reuters) - WASHINGTON, May 21 (Reuters) - The United States is not actively negotiating a solar trade deal with the European Union and China, a spokeswoman for the U.S. Trade Representative's office said on Tuesday without ruling out the idea. "Our goal is to support a healthy global solar industry in conditions that foster the adoption of renewable energy and continued innovation and a level playing field for all," USTR spokeswoman Carol Guthrie said in an emailed statement.

GE says tax changes fuel 1 gigawatt of new wind orders

May 7, 2013 12:55
(Reuters) - General Electric Co <GE.N> said on Monday the renewal of the U.S. production tax credit has helped it sell wind turbines with 1 gigawatt of generating power since January. The credit, a key lifeline for the nascent wind power industry, was caught up in fiscal cliff negotiations in the U.S. Congress at the end of last year, and for a time it was unclear whether it would be renewed. Congress renewed it shortly after the new year began.

Philippine clean energy tariffs to start next year: govt

March 27, 2013 07:16
The first power projects under the Philippines' main incentive scheme for renewable energy should finally come online next year after a long regulatory struggle, an official said Wednesday. Solar-power plants of between three and five megawatts each are expected to be the first to supply electricity under the plan, Mario Marasigan, the energy department's renewable energy bureau chief, told AFP.

ANALYSIS-Renewables turn utilities into dinosaurs of the energy world

March 8, 2013 05:30
* Solar panels turn electricity consumers into producers * Utilities struggle to adapt to decentralised renewables * Eurozone utilities market cap down 312 bln euros since 2008 * Energy efficiency firms big winners in this power shift By Geert De Clercq

Germany takes leave of power market fundamentals

January 22, 2013 06:15
* Wholesale prices at rock-bottom due low demand, renewable supply * This undermines utility profits * But householders pay record prices as state fees balloon * Solution up to policymakers By Vera Eckert and Christoph Steitz
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