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Daily (20.12.2022): European gas and power prices fell on Monday as cold weather eases
Crude oil prices increased on Monday amid renewed optimism of China easing Covid restrictions. The news that the U.S. will start to buy crude to fill their Strategic Petroleum Reserve has lent further support to oil markets. Hence, Brent crude gained about 1% to settle at $79.80 a barrel. Meanwhile, U.S. WTI crude rose by 1.2% cents to end at $75.19 a barrel.
read more... 20/12/2022
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EU countries agree gas price cap to contain energy crisis
European Union energy ministers on Monday agreed a gas price cap, after weeks of talks on the emergency measure that has split opinion across the bloc as it seeks to tame the energy crisis.
read more... 20/12/2022
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EDF further delays the restart of several nuclear plants
French nuclear operator EDF has further delayed the restart of several of its nuclear reactors affected by stress corrosion, in some cases until as late as June, as it struggles to get enough units online to meet winter power demand.
read more... 20/12/2022
German parliament approves windfall tax
Germany's Bundestag has approved the introduction of a windfall levy on excessive earnings from renewable energy generation as part of a package of measures meant to cap gas and electricity prices through April 2024.
read more... 20/12/2022
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Octopus Energy signs 2.4TWh PPA with Shell Energy Europe in UK
The UK-based Octopus Energy Group has signed a power purchase agreement (PPA) with Shell Energy Europe to procure 2.4TWh of wind energy a year from the Dogger Bank offshore wind farm.
read more... 19/12/2022