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Daily (02.04.2024) : Strong renewable generation weighed on European electricity spot prices on Monday
Oil prices diverged on Monday, amid geopolitical unrest in the Middle East and an upturn in manufacturing activity in China. Brent crude remained stable to slightly bearish reaching a price of $87.42. At the same time, WTI Crude increased by roughly 1 % to $83.71.
read more... 02/04/2024
New price cap to drive energy bills to two-year low
Britain‘s energy regulator, Ofgem implemented its latest price cap on 1st April – the energy price for a typical household utilising both gas and electricity and paying through direct debit will decrease by £238.
read more... 02/04/2024
Renewables meet 89% of Portugal's Q1 power demand
National grid operator Redes Energeticas Nacionais (REN) said on Monday that renewable energy plants in Portugal have covered 89% of the country's electricity consumption in the first quarter of 2024.
read more... 02/04/2024
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National Grid DSO unveils expansion plan
National Grid Electricity Distribution (NGED) has unveiled a two year action plan for its Distribution System Operator (DSO) at an event hosted at London’s Battersea Power Station.
read more... 29/03/2024
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Ofgem greenlights £3.4bn for Scotland-Yorkshire electricity superhighway
A proposed 500 kilometre electricity superhighway between Scotland and Yorkshire has received provisional £3.4 billion funding, aiming to power up to two million homes
read more... 28/03/2024