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EU drafts rules to stop power suppliers cutting off vulnerable consumers
European Union countries will have to protect vulnerable consumers from being cut off by electricity suppliers if they cannot pay their bills, according to draft EU rules due to be published on Tuesday.
read more... 15/03/2023
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EU to revamp power market, aiming to blunt price spikes
The European Commission is set to propose a revamp of Europe's electricity market rules on Tuesday, aimed at expanding the use of fixed-price power contracts to shield consumers from severe price spikes like those experienced last year.
read more... 14/03/2023
Volkswagen to invest $193 bln over 5 years to hit EV target
Volkswagen plans to invest 180 billion euros ($192.76 billion) over the next five years in areas including battery production and its North American operations, it said on Tuesday, with spending on combustion engines to fall from 2025.
read more... 14/03/2023
EC favours Nordic-style power market in draft reforms
The European Commission favours a Nordic-style power market with regional virtual trading hubs for all of the EU, according to an unofficial draft of its reform proposals expected next Thursday.
read more... 10/03/2023
EC drops revenue cap in draft market reforms
The European Commission does not plan to make revenue caps on low-cost power generators a permanent feature, according to an unofficial draft of its power market reform proposals expected next Thursday.
read more... 09/03/2023