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Britain to introduce price floor to energy sector windfall tax
The British government is set to announce on Friday changes to its windfall tax on oil and gas companies aimed at allaying concerns the levy would impede investments and undermine the country's energy security, industry sources said.
read more... 09/06/2023
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Europe still at risk of winter energy supply shortfall
Europe may still face a shortfall in energy supply this winter, depending on the return of Asian LNG demand, temperatures and the ramp up of French nuclear power, IEA executive director Fatih Birol told Montel on Wednesday.
read more... 09/06/2023
Daily (08.06.2023): European carbon prices soared on Wednesday, impacted by a record build in speculative short positions
Oil prices moved higher on Wednesday as Saudi Arabia's surprise production cuts outweighed weak Chinese export data and rising US fuel inventories. Brent crude gained 0.9%, or $0.66, to settle at $76.95 a barrel. Meanwhile, WTI crude traded up by 1.1%, or $0.79, closing at $72.53 a barrel.
read more... 08/06/2023
France braces for power demand surge driven by EVs, alternative fuels
Electric vehicles and other technology to cut emissions is likely to drive a surge in French power demand by 2035, meaning France will need to maintain its existing nuclear capacity, grid operator RTE said on Wednesday.
read more... 08/06/2023
German network regulator wants higher returns for grid operators
Germany's network regulator wants to provide operators of power and gas grids higher returns on equity for their outlays, its president said on Wednesday, responding to higher inflation that utilities say threatens investments in these assets.
read more... 08/06/2023