Latest news
.jpg)
Millions of Britons set for lower energy bills after 7% price cap cut
Most British household energy bills will fall from July after regulator Ofgem cut its domestic price cap by 7%, largely thanks to a fall in wholesale energy prices, but analysts warned the reduction could be temporary.
read more... 27/05/2024
.jpg)
Italy's Enel pushes back solar panel output goal
Enel plans to increase the production of solar panels at its factory in Sicily to 3 gigawatt (GW) capacity by the end of 2025, later than previously expected, documents published by the Italian utility showed.
read more... 27/05/2024
National Grid unveils £60bn investment strategy
British multinational electricity and gas utility company National Grid has unveiled a £60bn ($76.3bn) investment plan set to transform its networks up to 2028.
read more... 27/05/2024
Daily (24.05.2024): Oil prices plunged to a 3-month low on Thursday amid weak demand and high Fed rates
Oil prices declined for the fourth consecutive session on Thursday, hitting a 3-month low, weighed down by indications of robust US economic activity, which suggest the continuation of high interest rate policies. Hence, Brent crude dropped by 0.7% to settle at $81.36 per barrel, while WTI crude decreased by 1% to close at $76.87.
read more... 24/05/2024
Daily (23.05.2024): The German Cal25 power price topped 100 EUR/MWh for the first time since the start of the year on Wednesday
Oil prices declined for the third consecutive day on Wednesday in a sluggish market, despite a rebound in U.S. gasoline demand. The EIA's weekly report showed gasoline demand rising to 9.3 million barrels per day for the week ending May 17, after six weeks below 9 million barrels per day. As a result, Brent crude dropped by approximately 1.2% to $81.90 per barrel, while WTI Crude decreased by 1.4% to settle at $77.57.
read more... 23/05/2024