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Berlin lays out plan to bring back solar, wind industry on German soil
The German government is looking to acquire shares in renewable energy firms and provide support to wind turbine and solar panel manufacturers in order to encourage their production in Germany.
read more... 22/02/2023
French electricity union shares EU market reform suggestions
Lowering electricity prices and offering greater visibility to investors are the two key objectives of the French Electricity Union (UFE) for the upcoming reform of EU electricity market rules, said the union’s president.
read more... 22/02/2023
Spain collects millions in ‘solidarity taxes’ imposed on banks, energy firms
Large energy companies and financial institutions in Spain have paid €1.45 billion in a first instalment of two extraordinary taxes imposed by the government on both sectors, Finance Minister María Jesús Montero explained on Tuesday.
read more... 22/02/2023
Daily (21.02.2023): European spot power prices surged on Monday as low wind output and forecasts of colder weather boosted demand
Oil prices rebounded on Monday as attention shifted back to the fundamentals of supply and demand, with Russia's output expected to decline and China's reopening boosting slightly the demand. As a result, Brent crude oil gained 1.3% day-on-day to settle at $84.07 a barrel.
read more... 21/02/2023
Spanish power companies to denounce ‘discriminatory’ windfall tax
The multi-billion-euro windfall tax for energy firms to offset the toll of inflation on vulnerable consumers approved last year by Madrid will be denounced by the association of large Spanish power companies (Aelec) before the European Commission.
read more... 21/02/2023