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Daily (13.06.2022): European front-year electricity prices fell by over 2% on Friday amid bearish gas, carbon prices
Crude oil prices retreated on Friday after U.S. consumer prices rose more than expected and China imposed new COVID-19 lockdown measures. Hence, Brent crude decreased by 0.9% to settle at $122.01 a barrel. U.S. WTI crude declined by 0.7% to settle at $120.67 a barrel.
read more... 13/06/2022
EU chief announces electricity market overhaul amid ‘skyrocketing’ prices
In an about-turn, the President of the European Commission, Ursula von der Leyen, acknowledged that the EU’s electricity market “does not work anymore” and needs to be adapted to the “new realities of dominant renewables”.
read more... 13/06/2022
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To boost onshore wind, Berlin wants to lift turbine distance rules
In the draft law, seen by EURACTIV, the government wants to introduce changes to planning, construction and environmental laws, with the aim of reserving about 2% of the country’s area for onshore wind power.
read more... 13/06/2022
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EU proposes natural gas import deal with Egypt and Israel
The European Commission has proposed a deal to EU member states with Egypt and Israel to boost imports of natural gas from the eastern Mediterranean, according to a draft document seen by Reuters dated June 7.
read more... 10/06/2022
Energy consumers 'better off' under UK quarterly tariff cap regime
The UK's national energy regulator, Ofgem, has said its proposal to adjust the Default Tariff Cap for household gas and electricity supplies on variable rates to a quarterly regime will leave consumers "better off".
read more... 10/06/2022