Latest news
UK to cut business energy subsidies by 85%
British government plans to scale back energy subsidies for businesses will see the cost of support fall by 85% during the next financial year, limiting the cost to 5 billion pounds ($6 billion), the Daily Telegraph reported on Friday.
read more... 09/01/2023
Daily (06.01.2023): Oil prices rebounded on Thursday due to strong US demand
Despite fears of a recession, there were signs of solid US demand on Thursday, which lent support to oil prices. Consequently, Brent crude rose by 1.1% to 78.69 a barrel and WTI oil soared by 1.1% to $73.67 a barrel.
read more... 06/01/2023
RWE, Equinor tie-up on Norway-Germany H2 supply chains
German utility RWE and Norway's state-controlled energy firm Equinor have announced a strategic partnership to produce hydrogen in Norway and to develop hydrogen-ready power plants in Germany.
read more... 06/01/2023
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Germany to almost double gas firing capacity
The German grid regulator and Green-led ministry of economy and climate action aim to construct up to 21 GW worth of additional gas power plants to guarantee a stable and reliable grid, according to internal documents.
read more... 06/01/2023
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Poland’s power liquidity falls to all-time low
Total power liquidity in Poland's commodity exchange TGE fell to an all-time low in 2022, although volumes recovered slightly in December compared to the previous month owing to lower power prices.
read more... 06/01/2023