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European power prices to ease after 2023 on lower gas prices, renewable capacity gains
European power prices are forecast to remain at current elevated levels until 2023 on capacity closures, slight demand gains and rising carbon prices, according to S&P Global Platts Analytics.
read more... 31/03/2021
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UK needs 49.5GW of flexibility to become 100% renewable
Technology group Wärtsilä has stressed that the UK must install more flexible energy storage and gas technologies if it is to achieve an entirely renewable future.
read more... 30/03/2021
EU to offer gas plants a green finance label under certain conditions
The European Union plans to label some gas power plants as sustainable investments, a draft document seen by Reuters showed, after an initial proposal to deny them a green label faced a backlash from some member states.
read more... 23/03/2021
EU probes Greece’s largest power producer’s behaviour in wholesale market
The European Commission has opened a formal antitrust investigation to assess possible abusive behaviour by Public Power Corporation (PPC) in the wholesale Greek electricity sector, examining whether Greece’s largest power producer and electricity supplier distorted competition and slowed down renewable energy investment, the EU’s anti-trust chief said on March 16.
read more... 17/03/2021
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TenneT to invest up to €5bn a year to prepare grids for energy transition
The largest grid operator in the Netherlands and Germany, TenneT, has unveiled plans to spend up to €5 billion (£4.2bn) every year to build the electricity infrastructure needed for the energy transition.
read more... 15/03/2021