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Daily (22.06.2022): British gas prices saw a relentless rise on Tuesday amid reduced flows from Russia, outages in the Norwegian production
Crude oil prices increased marginally on Tuesday amid continued supply concerns and unwillingness among OPEC nations to increase output noticeably. However, the gains were limited by coronavirus measures in China and fears of a new global recession. Hence, Brent crude rose by 0.5%, to settle at $114.65 a barrel. US WTI crude added 0.7% to $109.52 a barrel.
read more... 22/06/2022
Spain readies new tax on electric utilities' profits
The Spanish government is readying a new tax on electricity utilities' profits, which have been boosted by energy prices, Budget Minister Maria Jesus Montero said on Tuesday.
read more... 22/06/2022
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Austria doubles speed of solar panel rollout
More than double the solar panel capacity of 2020 was installed in 2021, making the past year by far the Austrian solar industry’s best, the photovoltaic industry association said on Monday.
read more... 22/06/2022
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Europe’s electricity industry calls for €400bn investment in distribution grids
Jean-Bernard Lévy, the chairman and CEO of French utility EDF and current president of power industry association Eurelectric, has urged EU countries to invest in distribution grids in order to sustain Europe’s move towards climate neutrality.
read more... 22/06/2022
Daily (21.06.2022): NBP spot jumped by around 10% on Monday due to reduced gas flows
Crude oil prices rose slightly on Monday, weighed by general supply concerns and the EU ban on Russian oil, but global recession fears limited the upside. Brent crude increased by 0.9% to $114.13 a barrel.
read more... 21/06/2022