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Finnish govt plans 10-bn-euro crisis package for energy companies
Finnish government has proposed to provide the country's electricity companies with loans and guarantees of up to 10 billion euros ($10 billion) to secure the sufficiency of their cash resources.
read more... 06/09/2022
Germany to use windfall tax income to reduce energy prices for end consumers
Germany's government will use income from windfall taxes to lower end-consumer prices for gas, oil and coal, German Chancellor Olaf Scholz said on Sunday, announcing measures to mitigate the impact of rising energy prices on its population.
read more... 06/09/2022
Scholz promises 65 bln euros to shield Germans through tough winter
Germany will spend at least 65 billion euros ($64.7 billion) on shielding customers and businesses from soaring inflation, Chancellor Olaf Scholz said on Sunday, two days after Russia announced it was suspending some gas deliveries indefinitely.
read more... 05/09/2022
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G7 Agrees On Oil Price Cap As Moscow Threatens To Halt Gas Supply To Europe
The G7 group of the most industrialized nations agreed on Friday to finalize and implement a price cap on Russian oil, aiming to reduce Vladimir Putin’s oil revenues for his war chest.
read more... 05/09/2022
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EU mulls inframarginal price cap market reform
EU power markets could move to a capped inframarginal price formation under upcoming EU reforms, according to a leaked non-paper that details potential market reform strategies.
read more... 05/09/2022