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Nuclear not ‘strategic’ for EU decarbonisation
European Commission President Ursula von der Leyen outlined limits to EU backing for nuclear power under the bloc’s Net-Zero Industry Act, which seeks to support home-made production of clean technologies like batteries and solar panels.
read more... 27/03/2023
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EU leaders want power market reforms agreed by year end
EU leaders want to see power market design reforms intended to mitigate volatile prices agreed this year, they said after discussing the bloc’s energy situation at a summit in Brussels late on Thursday.
read more... 24/03/2023
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In U-turn, Germany backs swift adoption of EU power market reform
Ahead of an EU summit in Brussels, the German government signalled readiness to swiftly adopt the EU’s proposed electricity market reform, abandoning previous calls to delay decisions until after the 2024 European elections.
read more... 23/03/2023
Japan's JERA to buy Belgium's top offshore wind company for $1.7 bln
Japan's top utility JERA has agreed to buy Parkwind, Belgium's largest offshore wind platform, for 1.55 billion euros ($1.7 billion), as it expands in renewable power to meet decarbonisation goals.
read more... 23/03/2023
Daily (17.03.2023): European year-ahead power prices gained ground on Thursday tracking higher gas prices
Crude oil prices settled higher on Thursday following the news that Saudi Arabia and Russia met to discuss ways to improve market stability. Hence, Brent crude increased by 1.4% to $74.70 a barrel. At the same time, WTI crude gained 1% to end at $68.35 a barrel.
read more... 17/03/2023