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German gas price cap to cost less than assumed
Germany’s cap on gas bills is likely to cost the government EUR 13.1bn, only around a third of what Berlin had budgeted, the Ifo Institute for Economic Research said on Wednesday.
read more... 11/08/2023
€5bn Czech scheme to support energy producers given EU greenlight
Under the measure, subsidised loans will be provided to large energy producers to meet the collateral requests in the energy trading markets
read more... 11/08/2023
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Swedish regulator proposes framework for expansion of nuclear
Sweden's Radiation Safety Authority (SSM) has presented its final report to the government on how the regulatory framework for nuclear power should be developed and what other measures may be needed for nuclear power to be expanded in the country.
read more... 11/08/2023
Daily (10.08.2023): Gas prices rocketed on Wednesday following potential LNG supply disruptions
Oil prices rallied on Wednesday, with WTI hitting ten-month highs, benefiting from both a weaker dollar and a return of risk appetite, against a backdrop of tighter supply from OPEC+. As a result, Brent crude increased by 1.6% to $87.55 a barrel, while WTI crude rose by about 2% to settle at $84.40 a barrel.
read more... 10/08/2023
German cabinet approves 58 bln euro green investment plan for 2024
Germany's cabinet on Wednesday agreed to earmark 57.6 billion euros ($63.2 billion) for green investments next year, up 60.2% from a 2023 target, the Finance Ministry said, as Berlin ramps up subsidies to help the country become net zero by 2045.
read more... 10/08/2023