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8 EU nations eye 20 GW offshore wind in Baltic Sea by 2030
Denmark, Germany, Poland, Finland, Sweden and the Baltic countries want to develop 19.6 GW of offshore wind in the Baltic Sea by 2030 amid ongoing EU efforts to decarbonise the economy and reduce dependence on Russian gas.
read more... 02/09/2022
Sweden set to take on more of consumers' soaring energy bills
The Swedish government said on Wednesday it would probably have a bigger buffer than it had previously expected to take on some of the soaring energy costs of households and businesses this winter.
read more... 02/09/2022
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Belgian government to switch off lights, tax energy profits to cut bills
Belgium announced a series of measures to tackle soaring energy prices on Wednesday, including cuts to public buildings' power consumption and a proposal to tax the excess profits of energy companies such as Engie and TotalEnergies.
read more... 02/09/2022
Daily (01.09.2022): UK gas prices hit a 13-day low on Wednesday as storage injection goals completed earlier
Oil prices fell on Wednesday due to concerns that the global economy would slow down much further. As a result, Brent crude oil declined by 2.8% to settle at $96.49 a barrel. WTI crude fell by 2.3% to $89.55 a barrel.
read more... 01/09/2022
Belgium supports energy price caps, suspending trading in EU power crunch
Belgium has backed introducing price caps for European Union's gas and electricity hubs, as well as suspending trade in case of "irrational market behaviour", according to a note seen by Reuters on Monday.
read more... 01/09/2022