Latest news
Daily (23.05.2023): European spot electricity prices rocketed by around 50% on Monday amid expectations of lower wind energy generation
Brent crude increased by 0.5% to $75.99 a barrel on Monday as oil demand is expected to rise in the second half of the year and amid declining supplies from Canada and OPEC+. WTI crude traded 0.7% higher at $72.1 a barrel.
read more... 23/05/2023
.jpg)
Germany to earmark 4 bln euros annually for power subsidy - economy minister
Germany plans to earmark around 4 billion euros ($4.40 billion) annually to subsidize electricity prices for energy-intensive industries, to support an industrial move away from fossil fuels and discourage firms from moving offshore.
read more... 23/05/2023
Italy set to miss near 50% of green power goal
Italy is set to miss nearly 50% of its green power goals by 2030 unless it substantially increases the pace of growth, a new study showed on Monday.
read more... 23/05/2023
EU Parliament delays renewable energy vote after late backlash
The European Parliament has delayed a planned vote to approve new EU renewable energy targets, after France and other countries lodged last-minute opposition to the law last week, according to an internal email seen by Reuters.
read more... 23/05/2023
Daily (22.05.2023): Germany and France spot power prices fell by about 40% on Friday amid higher renewables
Brent crude slipped by 0.3% to $75.58 a barrel on Friday, pressured by stronger dollar and official EIA data, which showed an increase in US crude stocks. Meanwhile, WTI crude traded 0.4% lower at $71.55 a barrel.
read more... 22/05/2023