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Daily (21.09.2023): European spot electricity prices soared by over 100% on Wednesday amid a sharp decline in wind output
Oil prices dropped on Wednesday, driven by profit-taking and the continuing offensive stance of the US Federal Reserve, with doubts about the robustness of demand. As a result, Brent crude fell by 1.7% to settle at $89.66 a barrel, while WTI crude stood at $93.53 a barrel, down 1% day-on-day.
read more... 21/09/2023
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Europe's power industry warns ageing grids risk green goals
Europe's electricity industry has warned that unprecedented investments are needed to upgrade ageing electricity grids, or the EU will fail to meet its clean energy targets.
read more... 21/09/2023
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Berlin considers slashing electricity tax by 95% to boost heat pump uptake
Germany may slash electricity taxes to near-nothing amid flagging heat pump sales, a move backed by liberal and conservative politicians as well as the renewable energy lobby.
read more... 21/09/2023
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Poland given green light for nuclear power
The International Atomic Energy Agency (IAEA) has given Poland the green light to launch the country’s nuclear power programme. After reviewing Poland’s nuclear energy regulatory framework, the IAEA said it was in line with its safety standards and that the regulatory body is competent and prepared to launch nuclear energy.
read more... 21/09/2023
Daily (20.09.2023): British gas prices turned bullish on Tuesday due to lower supply from Norway
On Tuesday, crude oil prices remained relatively stable as the decision to prolong production cuts by Saudi Arabia and Russia was offset by renewed global macroeconomic worries. Hence, Brent crude traded at $94.34 a barrel. Meanwhile, U.S. WTI crude slipped by 0.3% to $91.20 a barrel.
read more... 20/09/2023