• Alternative energy candidate to occupy the second largest in the world by 2016



    According to an Austrian study focused on the Middle East variables
    Alternative energy candidate to occupy the second largest in the world by 2016


    A recent study of the Austrian Energy Agency is intensifying efforts to promote the expansion of renewable energy production worldwide for climate protection and the environment in particular, expected to see the 2016 growing reliance on alternative and renewable energy will be the most important source of energy is second only to coal and natural gas and nuclear energy. The Austrian Energy Agency has finally ended a study mission to analays the impact of changing political circumstances in the Middle East and the world in general economic conditions in Europe, especially regarding energy supplies to Austria. The study focused on the issue of increasing energy demand significantly, indicating that higher energy prices have become a theme that dominated for decades on the global energy supply. The study also addressed the low economic growth in many countries of the world financial crisis which reduced the growth in consumption in recent years.
    The US shale gas development leads to a significant reduction in levels of natural gas prices in this region of the world with a study of the effects of lowering the price of gas on competitive with coal as an energy source. The study-by the Austrian Energy Agency on behalf of the Federal Ministry for science and research and economic analysis-the importance of continuous analysis of the changing European conditions and especially the Austrian energy supply. The study addressed several themes including natural gas markets and the prospects for infrastructure and the cost of electricity and natural gas production in unconventional ways and opportunities to produce electricity from gas. The study monitored the renewed expectations on rates of development in the world and opportunities for technology providers in Austria along with areas of research (such as next-generation biofuel technologies and energy storage from renewable sources). The study pointed out the importance of future energy system analysis and integration of renewable energy sources, and developing systems of carrier and flexibility in electricity demand and the expansion of storage and cross-border networks.
    The Austrian Energy Agency attest to the success of the efforts of the national electricity company ' Vienna Energie ' in green power, which conform to the standards of good international environment, saying the company generate electricity with 100 percent reliance on renewable energy sources, specifically from hydro, biogas, solid and liquid biomass, wind, solar and other green energy. The report of the Austrian Energy Agency that the share of hydropower in the company's product mix is at least 80%, adding to the work of the Austrian Energy Agency with about 90 experts in Vienna to assess performance and make decisions and feasibility analysis and studies in the field of renewable energy, energy efficiency and new technologies. The report cautioned that the importance of expanding the economic use of energy through the use of energy saving devices and avoid unnecessary consumption of energy and focus on energy efficiency and renewable energy.
    Says Peter traubman, Executive Director of the Austrian Energy Agency: the Vienna company Energie have decades of experience with us, makes us the ideal partner for the management and control of energy use. And sources in national Austrian company ready to meet every business and provide the right product depending on clean energy and environmental standards, indicating confidence that Austrian Energy Agency and economic methods of management. They said: ' the curriculum providing cleaner energy used is in reference to the energy management system EMS which was approved by the Austrian Energy Agency along with advanced control systems and energy saving devices and the use of optimization method in the field of business processes and a range of other measures. Meanwhile, the price index of natural gas in Austria in November being a slight increase for the month of October last, a record currently at 132.87 points.
    According to reports of the Austrian Energy Agency to handle gas prices in Austria this month is relatively stable compared to the previous month and the same month of last year. The gas price index rose in November compared with the month being October last limited and 0.2 per cent but he saw a decline compared to the month of November 2013 0.4 percent. The agency reports that the index reached its peak in the spring of this year, recording a point then drop at 135.91 July last to 128.07 points. She noted that since July last year been a gradual ascent limited to 132.87 points in the month of November, the annual rates of change are mostly stable compared to 2013, especially during the past few months. The reports said the gas index declined in November 2013 by 5.5 per cent compared with the previous year, and the pace of change has slowed by more than five percentage points in November being 2014.

    The reports said the gas price index since the Austrian Energy Agency in March 2010, the publication of the first guidance facilities in the State, as well as information on local business clients and reports on price trends in the natural gas sector. The difficulty of access currently offers gas prices in the short term, in the light of the plans to develop gas production, noting that the evaluation methods will remain unified with large price indicators that affect the price of gas. The Austrian Energy Agency report that since 2009 has been published by the Austrian electricity price index, calculated for one month in advance, and includes the development of wholesale prices of electricity. The gas price index also shows the size of the change in price for a month in advance depending on the accounts of wholesale prices and import prices of natural gas and petroleum products, and various types of fuel oil. Reports indicated that the accounts also depend on the price of diesel, heating oil and natural gas import prices and the exchange rate of the euro against the dollar.

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