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Germany to subsidise electric bills with 13 bln euro grid fee payment
Germany will subsidise power bills next year by paying just under 13 billion euros ($12.8 billion) towards the usage fees charged by the four high-voltage transmission grid companies (TSOs), economy minister Robert Habeck said on Wednesday.
read more... 06/10/2022
EU to propose crisis measures to curb energy price spike
The European Union is set to unveil plans on Wednesday to skim off windfall profits from energy companies and impose cuts in electricity usage across the bloc, in a package designed to shield citizens and businesses from surging energy prices.
read more... 14/09/2022
Germany to subsidise basic level of power for homes, businesses
Germany plans to subsidise a basic level of electricity usage for households and set aside cheaper power for small and medium-sized businesses, according to measures set out in an Economy Ministry paper seen by Reuters on Thursday.
read more... 09/09/2022
Daily (02.09.2022): EUAs remained near five-week lows on Thursday due to fears about demand and an increase in supply this month
Oil prices fell on Thursday on worries that rising inflation and interest rate increases are reducing the fuel usage. The trend was exacerbated by more COVID-19 lockdowns measures in China. The price of a barrel of Brent crude oil settled at $92.36, down by 4.3%. WTI crude ended 3.3% lower at $86.61.
read more... 02/09/2022
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Spain's Iberdrola terminating thousands of French retail power contracts as prices soar
Spanish utility Iberdrola is terminating power contracts with thousands of its French customers because of unprecedented power price rises, it said in a letter seen by Reuters.
read more... 22/08/2022