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EU Parliament backs higher targets on renewables and energy savings
European Union lawmakers voted on Wednesday to raise the bloc's targets to expand renewable power and save energy, backing proposals that had been made more ambitious in a bid to quickly end Europe's reliance on Russian gas.
read more... 16/09/2022
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Czech government approves electricity, gas price cap
The Czech government agreed on Monday to cap electricity and gas prices next year to shield households from soaring prices on markets, Prime Minister Petr Fiala said.
read more... 13/09/2022
UK cuts energy price cap, targets more oil, gas
The UK government will fix the energy retail price cap at £2,500/yr ($2,870/yr) for a 'typical' home for two years and will seek to accelerate domestic supply by launching a new North Sea oil and gas licensing round and lifting a moratorium on hydraulic fracturing (fracking), prime minister Liz Truss said today.
read more... 09/09/2022
EU mulls inframarginal price cap market reform
EU power markets could move to a capped inframarginal price formation under upcoming EU reforms, according to a leaked non-paper that details potential market reform strategies.
read more... 05/09/2022
Daily (31.08.2022): Gas prices fell sharply on Tuesday as storage replenishment improved considerably
Crude oil prices lost ground on Tuesday in a volatile week, as markets continue to fear a global recession and demand is declining. On the other side, Saudi Arabia urges OPEC+ to cut more supply which could support the market later on. Nevertheless, Brent and WTI crude traded 5.5% lower at $99.31 a barrel, and $91.64 respectively.
read more... 31/08/2022