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Germany's biggest power producer RWE to phase out coal by 2030
Germany's largest power producer RWE said on Tuesday it is bringing forward its coal phase-out by eight years and is ready to end lignite-based electricity generation in 2030 as part of a deal reached with the government.
read more... 05/10/2022
Dutch government expects to spend $23 billion on energy price cap
The Dutch government expects to spend about 23.5 billion euros ($23.3 billion) on a price cap on energy contracts to shield consumers from surging prices, it said on Tuesday.
read more... 05/10/2022
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EU assessing various types of gas price cap
The European Commission is considering versions of a gas price cap including one targeting gas used in power generation and a temporary "flexible" limit on prices, the EU's head of energy policy said on Tuesday.
read more... 05/10/2022
Oil prices continue rise as Opec meeting looms
Oil prices continued their rise from gains seen in the prior session on Tuesday as expectations grew of a large cut to Opec production, with the cartel due to meet tomorrow.
read more... 04/10/2022
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Hungary aims to eliminate reliance on Russian gas by 2050 - minister
Hungary, one of the European Union's most-reliant members on Russian energy, aims to eliminate Russian gas imports by 2050 by a large-scale electrification drive, Technology and Industry Minister Laszlo Palkovics said on Tuesday.
read more... 04/10/2022