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Brussels tables emergency EU permitting rules for renewables
The European Commission on Wednesday (10 November) tabled temporary emergency rules to accelerate the deployment of renewable energies like wind and solar, saying the ongoing energy crisis fuelled by Russia’s war in Ukraine calls for exceptional measures.
read more... 11/11/2022
Daily (10.11.2022): British gas prices extend losses on Wednesday due to consistent deliveries
Higher-than-expected growth in U.S. stockpiles weighed on the oil prices on Wednesday. Moreover, concerns over an increase in COVID-19 cases in top importer China might have an impact on demand. Thus, the Brent crude contract ended 2.8% lower at $92.65 a barrel. WTI crude traded 3.5% down at $85.83 per barrel.
read more... 10/11/2022
Spain's Iberdrola to invest $47 bln in energy transition in 2023-25
Spain's Iberdrola will invest 47 billion euros ($47 billion) in electricity networks, renewable energy production and customer businesses over the next two years, its chairman said in a strategy update on Wednesday.
read more... 10/11/2022
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EU Commission said gas price cap impossible as requested
The European Union's executive body told its 27 member countries at a seminar on Monday that it was not possible to create a gas price cap that would not affect long-term contracts or supply security, two diplomatic sources told Reuters.
read more... 10/11/2022
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Czech government caps power firm revenues in $4 bln windfall plan
The Czech government approved plans for caps on the revenues of power firms on Wednesday, as part of plans to fund measures to ease the burden of soaring prices on households and companies.
read more... 10/11/2022