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Poland needs coal plant subsidies beyond 2028
Poland will need an extension of EU rules that allow coal plant subsidies until 2028 as it will require coal power generation until it builds its first nuclear plant next decade, the top energy security official in the new government told Reuters.
read more... 20/03/2024
New law to protect European energy consumers from market manipulation
On Monday (18 March), the Council of the EU formally adopted a new law to protect energy consumers from wholesale market manipulation, aiming to strengthen surveillance of wholesale markets and guarantee open and fair electricity competition in the EU.
read more... 19/03/2024
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Britain's National Grid proposes $74 bln energy system upgrade
Britain’s National Grid, opens new tab has proposed a 58 billion pound ($74 billion) investment programme to boost grid networks beyond 2030 to accommodate expected growth in electricity demand and an increase in renewable power projects.
read more... 19/03/2024
Romania's Nuclearelectrica sees preliminary decision on SMR plant in 2025
Romania expects to make a preliminary final investment decision next year on whether to build a small modular reactor plant (SMR), which could become Europe’s first project using the technology, Energy Minister Sebastian Burduja said on Monday.
read more... 19/03/2024
Daily (15.03.2024): Oil prices rose to four-month highs on Thursday amid supply shortage worries
Oil prices increased by about 2% on Thursday, hitting their highest level in four months, boosted by new forecasts from the International Energy Agency (IEA) warning of potential supply shortages until year-end. The EIA report also revealed a notable 5.7-million-barrel decrease in gasoline stocks, the steepest decline since early November. Thus, the Brent crude oil stood at $85.42 a barrel, while WTI crude settled at $81.26 a barrel.
read more... 15/03/2024