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Poland to raise cap on power prices, cut subsidies costs
The maximum power price for Polish households will be set at 500 zlotys ($123) per megawatt-hour (MWh) for the second half of 2024, according to a draft bill posted on the government's website late on Tuesday, up from 412 zlotys per MWh currently.
read more... 18/04/2024
Daily (16.04.2024): Day ahead power contracts rocketed on Monday amid low renewables
Oil prices fell slightly on Monday as the Iranian attack on Israel appeared to be less destructive than anticipated. Brent crude decreased by 0.4% to $90.10 a barrel, while WTI crude experienced a 0.3% drop to settle at $85.41 a barrel.
read more... 16/04/2024
Final Zaporizhzhia unit being switched to cold shutdown
International Atomic Energy Agency staff at the Zaporizhzhia nuclear power plant report that they have been told unit 4 is being transferred to cold shutdown - making it the sixth and last unit to do so.
read more... 15/04/2024
European Parliament adopts ‘patchwork’ power market reform
The EU’s overhaul of the power market design, sparked by the 2022 energy crisis, was approved by Parliament, paving the way for new price stablisation rules to become law.
read more... 12/04/2024
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Europe’s industrialists want deep reform of power market to tackle €800b grid spending gap
The European Union is facing a grid investment gap of €800 billion until 2030, finds a report commissioned by industry lobby group ERT, who call for another power market revamp to help address the issue.
read more... 09/04/2024