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Germany, Netherlands set out red lines on EU gas price cap
Six European Union countries, including Germany and the Netherlands, have warned that they cannot accept other member states' attempts to lower further the level at which the bloc will cap gas prices, according to an email seen by Reuters.
read more... 09/12/2022
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Shell injects $1.5 bln into UK retail power business to help it weather volatility
Shell has injected nearly $1.5 billion in cash and credit into its British energy retail business this year to help it weather huge volatility in power prices that caused the collapse of several rival UK power utilities, Shell Energy said in a filing on Thursday.
read more... 09/12/2022
Daily (08.12.2022): The German spot price jumped by around 20% on Wednesday due to falling wind generation
Oil prices extended losses on Wednesday, amid fears of a global recession. Consequently, Brent crude fell by 2.7% to $77.17 a barrel and WTI oil ended 3% lower at $72.01 a barrel.
read more... 08/12/2022
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Britain approves first new coal mine in decades despite climate targets
Britain approved its first new deep coal mine in decades on Wednesday to produce the high-polluting fuel for use in steelmaking, a decision which drew criticism from opponents who say it will hinder climate targets.
read more... 08/12/2022
WindEurope calls for EU electricity markets reform
WindEurope and the chemical industry representative body Cefic have written to the European Commission calling for electricity markets to support investments in renewables
read more... 08/12/2022