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EDF nationalisation will not raise French household power bills
The planned nationalisation of French power utility EDF will not result in an increase in the electricity bills of French households, government spokesman Olivier Veran said on Sunday.
read more... 11/07/2022
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Greece, Bulgaria launch natgas interconnector
The Greece-Bulgaria natural gas interconnector was inaugurated on Friday following the completion of the construction phase, the project company developing the facility, ICGB, said.
read more... 11/07/2022
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National Grid unveils plan to upgrade UK’s electricity network
The UK-based National Grid Electricity System Operator (ESO) has published a £54bn ($64.9bn) plan to upgrade the country’s electricity network to handle rapid expansion in offshore wind energy.
read more... 11/07/2022
(Daily 08.07.2022): German and French front-year power at a new record high due to increasing gas prices
Oil prices recovered from significant losses the previous two days on Thursday despite persistent worries about a looming global recession. Thus, Brent crude soared by 3.9% to settle at $104.65 a barrel. WTI crude rose by 4.3% to $102.73 a barrel.
read more... 08/07/2022
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Germany’s Bundestag approves gas bailout plans, plant return
Germany’s lower house (Bundestag) late on Thursday approved measures to provide financial support for gas importers and to aid the return of mothballed coal and oil-fired power plants amid the current energy crisis.
read more... 08/07/2022