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Soaring energy prices climb EU’s political agenda
The European Union said on Wednesday (6 October) it will examine the way its power market is run and consider proposals to revamp regulations within the bloc, as it seeks to keep plans to tackle climate change on track amid record-high energy costs.
read more... 08/10/2021
Daily (07.10.2021): German and French spot power prices hovered around 300 EUR/MWh on Wednesday, due to high demand and weaker renewables generation
Oil prices lost ground on Wednesday, following a larger-than-expected rise in crude stocks in the United States. Consequently, Brent crude decreased by 1.8% to $81.08 a barrel. WTI oil fell by 1.9% to $77.43 a barrel.
read more... 07/10/2021
Spanish energy tax threatens EU’s green hydrogen plans, industry warns
As energy prices soar across Europe, the chairman of electricity giant Iberdrola warned of short-sighted measures in Spain that are threatening the expansion of renewable electricity needed for the production of green hydrogen.
read more... 07/10/2021
Repsol hikes 2030 renewables target by 60pc to 20GW
Spanish integrated firm Repsol has increased its target for installed renewable power capacity to 20GW in 2030 from a previous target of 12.7GW, with Spanish capacity accounting for about a third of projects by the end of the decade, compared with 90pc currently.
read more... 07/10/2021
EU mulls measures to solve energy price hike
The EU will present measures to mitigate the current energy "price shock", European energy commissioner Kadri Simson said during a European Parliament plenary session this morning.
read more... 07/10/2021