By Colette Lewiner (auth.), Colette Lewiner (eds.)
Read or Download European Energy Markets Observatory: 2007 and Winter 2007/2008 Data Set Tenth Edition, November 2008 PDF
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Extra resources for European Energy Markets Observatory: 2007 and Winter 2007/2008 Data Set Tenth Edition, November 2008
Example text
With the recent oil price increase, the gas price, which is indexed to oil, has dramatically increased and so has the Italian electricity price. High dependency on gas also means limited energy source diversification. Measures to address gas reliance are needed and should include the use of alternative energy sources and the implementation of further energy conservation programs. In fact, some measures have already been taken. The center-right government has launched a series of initiatives around nuclear power generation and so has Enel, whose strategy includes the development of clean coal and renewables.
RWE Treuestrom), ■ In Spain, the government has decided to revise its electricity tariffs structure to encourage greater energy efficiency. 5 kWh used each month, whereas rates rise progressively, increasing by as much as 9% based on usage, to penalize heavier power users. Finally, to attract more customers, some suppliers rolled out marketing campaigns offering low energy light bulbs for free. Eneco in the Netherlands handed off 30,000 such units, while Enel gave away eight million units. In France, EDEV Téléservices, a subsidiary of EDF is now proposing multiple home services under the Edelia brand.
Competitive Gas - LNG The source of supply changed significantly in 2007. Imports from Qatar, Nigeria and Libya rose, while imports from Trinidad & Tobago, Oman, Algeria and Egypt dropped dramatically. These changes can be mainly explained by both a growing demand in the domestic market and arbitrages on the spot market for countries such as Qatar, Oman or Trinidad and Tobago. In terms of supplying companies, the market is dominated by NOCs like Qatar Petroleum (world’s largest LNG producer), Petronas (Malaysia, which also produces LNG in Egypt), Pertamina (Indonesia) and Sonatrach (Algeria, which has access to the US and UK regas facilities and is the most active state-owned company on the spot market).
