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The headquarters of the European Energy Exchange (EEX), world's biggest online power trading platform is seen in a centre-of-town high-rise office building in Leipzig, Germany April 25, 2021. REUTERS/Annegret Hilse/File Photo Acquire Licensing RightsBRUSSELS, Aug 21 (Reuters) - Deutsche Boerse's (DB1Gn.DE) European Energy Exchange (EEX) has to seek EU antitrust approval for its acquisition of Nasdaq's (NDAQ.O) European power trading and clearing business because of its importance to Europe's energy market, EU antitrust regulators said on Monday. The Commission said the two companies are the only providers of services facilitating the on-exchange trading and subsequent clearing of Nordic power contracts. This is the third time that the EU antitrust watchdog has used its power under the so-called Article 22 whereby EU countries can request that it reviews deals which do not meet the merger criteria but can impact their markets. Reporting by Foo Yun Chee and Sudip Kar-Gupta; Editing by Kirsten DonovanOur Standards: The Thomson Reuters Trust Principles.

Persons: Annegret, Foo Yun Chee, Sudip Kar, Kirsten Donovan Organizations: European Energy Exchange, REUTERS, Rights, Deutsche, Energy Exchange, European Commission, Nasdaq, Thomson Locations: Leipzig, Germany, Denmark, Finland, Sweden, Norway

☆ Germany more flexible on hydrogen transition, emphasises speed - draft
▼ + stars: | 2023-07-12 | by ( ) www.reuters.com time to read: +2 min

FRANKFURT, July 12 (Reuters) - Germany is set to hold on to its hydrogen economy goals up to 2030 and beyond while pressing for speed and allowing greater leeway in transitioning from fossil fuels-based variants to renewables, a draft paper showed on Wednesday. The draft was seen by Reuters while being presented to the national hydrogen council prior to assessment and adoption by the Berlin cabinet. It will become a 2023 strategy update guiding stakeholders in production, transport and wholesale markets as well as infrastructure investors. The coalition government in 2021 installed a target of 10 gigawatts (GW) of green hydrogen production by 2030, which can receive direct financial support, doubling previous ambitions. There would be greater tolerance of fossil- and nuclear-derived hydrogen, partly with carbon sequestration until such time as renewables could fully meet hydrogen demand, Germany's draft paper said.

Persons: Vera Eckert, Christian Kraemer, Markus Wacket, Devika Organizations: Europe's, Reuters, EEX, Thomson Locations: FRANKFURT, Germany

☆ COP27: Regulators plan closer scrutiny of carbon markets
▼ + stars: | 2022-11-09 | by ( Huw Jones | ) www.reuters.com time to read: +3 min

LONDON, Nov 9 (Reuters) - Global securities regulators proposed closer scrutiny of carbon trading on Wednesday to deepen liquidity and prevent greenwashing in markets used by companies to offset their emissions to drive the transition to a net-zero economy. The International Organization of Securities Commissions (IOSCO), which groups securities regulators from across the world, made recommendations to improve 'compliance' carbon markets, and asked whether regulators should be more involved in 'voluntary' carbon markets. Compliance refers to regulated markets for trading permits on exchanges like ICE and EEX with the EU emission trading scheme (ETS). The unregulated voluntary market refers to companies buying credits from emission reducing projects like renewable energy or planting trees to offset their own emissions. "Some vulnerabilities in voluntary carbon markets have thus far prevented these markets from scaling to their full potential, while others can be of concern for regulators in their efforts to counter the risk of greenwashing," IOSCO said.

☆ Germany's Steag details return of coal plants to power market
▼ + stars: | 2022-10-21 | by ( ) www.reuters.com time to read: +2 min

FRANKFURT, Oct 21 (Reuters) - Germany's Steag gave details on Friday about the return and operation of 2,500 megawatts (MW) of coal-fired power station capacity to the wholesale market to help boost energy supplies this winter. Register now for FREE unlimited access to Reuters.com RegisterBoth sites are in Germany's southwestern Saarland state and can together supply four million households with power. Steag said it had informed the federal network regulatory agency, power transmission grid company Amprion and the EEX (DB1Gn.DE) power exchange of its intentions. The total power capacity is equivalent to just under 4% of German power generation in 2021 and to one third of electricity generated from natural gas last year, Steag said. Sector peers Uniper (UN01.DE) and RWE have also resurrected coal capacity or are planning to do so.

☆ German nuclear reactor leak poses no safety threat but complicates plans
▼ + stars: | 2022-09-19 | by ( ) www.reuters.com time to read: +2 min

A general view shows the nuclear power plant Isar 2 by the river Isar in Eschenbach near Landshut, Germany, August 17, 2022. REUTERS/Christian Mang/File PhotoBERLIN, Sept 19 (Reuters) - E.ON (EONGn.DE) has informed the German government of a leak at the Isar 2 nuclear power plant which has not compromised security but could complicate the government's winter energy plan, the environment ministry said on Monday. Isar 2, in the southern state of Bavaria, had been scheduled to go offline at the end of the year under Germany's plan to phase out nuclear power. A spokesperson for E.ON said it was confident that a framework allowing Isar 2 to add to Germany's power supply security beyond Dec. 31 could be agreed with the government. E.ON's spokesperson said it has informed authorities as required by German law.

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