German utilities to get several billions of euros in nuclear tax refunds

13/06/2017 10:18 Legislation


Germany's Constitutional Court ruled that the nuclear fuel tax is illegal on 7 June, raising the prospect of 6.3 billion euros refund to utilities and up to 1.5 billion euros in interest payments.

Power companies E.ON, RWE and EnBW were hit hard by Chancellor Angela Merkel's decision to exit nuclear power by 2022, when a nuclear fuel tax was imposed.


Last year, the utilities were also told by the government that they must pay 23.6 billion euros into a new state fund that will finance the future storage of nuclear waste, which was 6.2 billion euros more than the companies had provisioned for. Repayment of the nuclear fuel tax may now compensate for this.

Bosnia inks a 60-million-euro loan agreement with KfW bank for Hrgud wind farm

21/11/2017 11:32:00

Bosnia's finance minister Vjekoslav Bevanda inked an agreement with German development bank KfW on Wednesday to financially back the construction of the Hrgud 48 MW wind farm. The loan is estimated at 60 million euros ($69.6 million). ​​​​​​​


Daily (21.11.2017): German spot electricity prices surged on lower wind power supply and higher demand

21/11/2017 10:41:00

Oil prices dropped on Monday, prolonging losses ahead of next week's OPEC meeting, while stronger dollar hurt commodities across the board. Brent crude futures fell 50 cents or 0.8 percent to close at $62.22 a barrel. Meanwhile, U.S. West Texas Intermediate (WTI) crude futures settled 13 cents or 0.2 percent down at $56.42. Oil has been under pressure for the last two weeks since peaking in early November.


252 chargers for electric vehicles until 2020 will be provided within NEXT-E project

20/11/2017 16:35:00

NEXT-E project will supply 222 fast (50 kW) and 30 ultra-fast (150-350 kW) chargers for electric vehicles for Czech Republic, Slovakia, Hungary, Slovenia, Croatia and Romania by the end of 2020, as reported by Balkan Green Energy News.