Latest news
Daily (01.07.2024): French and German year-ahead power contracts soared on Friday tracking bullish carbon prices
Oil prices ended rather flat on Friday, after hitting their highest level in nearly two months, as traders continued to question the health of global oil demand. Consequently, Brent crude settled at $86.41 a barrel. WTI crude ended slightly lower at $81.54 a barrel.
read more... 01/07/2024
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EU countries not implementing power market reforms
The European Commission is taking infringement cases against 21 EU governments, for failing to adopt reforms to the electricity market as agreed in 2019, which are necessary to allow the grid to accommodate new renewable and electrical devices.
read more... 01/07/2024
Energy price cap comes into force
The energy price cap will be reduced to £1568 per year starting 1st July.
read more... 01/07/2024
Germany to expedite approval processes for geothermal plants
Germany's economy ministry said on Friday it was drafting a law to expedite the approval processes for geothermal plants, heat pumps and heat storage systems, as Berlin aims to phase out fossil fuels in its heating system by 2045.
read more... 01/07/2024
Daily (28.06.2024): Forward gas prices increased on Thursday, driven by a bullish LNG market amid growing competition
On Thursday, oil prices rose despite an increase in US crude inventories, driven by geopolitical risks in the Middle East. As a result, Brent crude climbed by 1.3%, closing at $86.39 a barrel. Similarly, WTI crude rose by 1% up at $81.74 a barrel.
read more... 28/06/2024