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Germany targets variable customer power prices by 2025
German power suppliers may have to change their retail offers from 2025 as the government wants customers to benefit from adapting demand to high or low wholesale prices, the economy minister said on Wednesday.
read more... 12/01/2023
Daily (02.01.2023): European power prices fell on Friday amid surging wind generation and muted demand
Oil prices were bullish on Friday to end a volatile 2022, as Russia's war in Ukraine shook global markets, boosted global inflation, and fueled recession fears despite most economies emerging from coronavirus lockdowns. Consequently, Brent crude increased by 4.4% to $85.91 a barrel and WTI oil rose by 2.3% to $80.26 a barrel.
read more... 02/01/2023
UK government sets out detail of tax on electricity producers
Britain's finance ministry set out details on Tuesday of a temporary 45% tax on excess profits made by some electricity generating companies after Jan. 1.
read more... 21/12/2022
Daily (20.12.2022): European gas and power prices fell on Monday as cold weather eases
Crude oil prices increased on Monday amid renewed optimism of China easing Covid restrictions. The news that the U.S. will start to buy crude to fill their Strategic Petroleum Reserve has lent further support to oil markets. Hence, Brent crude gained about 1% to settle at $79.80 a barrel. Meanwhile, U.S. WTI crude rose by 1.2% cents to end at $75.19 a barrel.
read more... 20/12/2022
German pipeline firms say they will 'make hydrogen happen' in 2025
Germany's Gascade, Ontras and terranets have agreed to convert high-pressure gas pipelines to transport low-carbon hydrogen from the Baltic Sea all the way the south of the country by 2025, the companies said on Thursday.
read more... 19/12/2022