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Daily (25.05.2022): Near-term gas prices fell substantially on Tuesday due to continued gas flows to Europe
After strong gains on Monday, oil prices stabilised on Tuesday as fears about constrained supply outweighed worries about a possible recession and China's COVID-19 restrictions. Brent crude edged 14 cents higher at $113.56 a barrel. WTI crude fell by 52 cents to $109.77 a barrel.
read more... 25/05/2022
Britons warned energy bills could jump another 40% in October
Household energy bills in Britain look set to surge by another 40% in October, the industry regulator warned on Tuesday, deepening a cost-of-living crisis that is piling pressure on the government to do more to help the poorest.
read more... 25/05/2022
Italy could add 8 GW green energy this year
Italy could add up to 8 GW of renewable energy capacity this year following the government’s streamlining of authorisation procedures, said ecological transition minister Roberto Cingolani on Tuesday.
read more... 25/05/2022
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Germany plans to put idled coal plants on standby in case of gas supply disruption
Germany is planning to use coal-fired power stations which would have been idled this year and next as reserve facilities in case of disruption to gas supplies from Russia, economy ministry sources said on Tuesday.
read more... 25/05/2022
EC proposes hourly matching in hydrogen additionality rules
The European Commission wants renewable power and related hydrogen production correlated every hour from 2027 under draft EU “additionality” rules.
read more... 24/05/2022