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Swedish grid operator proposes $5 bln power price subsidy
Sweden's national power grid operator proposed on Thursday that the government spend 55 billion Swedish crowns ($5.05 billion) this year on subsidies to households and businesses hit by unusually high energy costs.
read more... 28/10/2022
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Poland’s power grid needs €25 billion upgrade for renewables
Poland’s electricity network requires a major investment of at least €25 billion to enable the transition away from coal towards renewables and nuclear energy, according to a recent report on Poland’s energy transition.
read more... 28/10/2022
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Germany, Greece hopeful of an EU agreement to curb gas price spikes
German Chancellor Olaf Scholz said on Thursday he believed EU states could find a solution to contain speculative spikes in gas prices, while Greece urged EU energy ministers to reach agreement on the issue when they meet next month.
read more... 28/10/2022
Daily (27.10.2022): Oil prices rose on Wednesday amid improving global demand
Oil prices increased on Wednesday amid improving global demand. Consequently, Brent crude rose by 2.3% to settle at $95.69 a barrel, while U.S. WTI crude soared by 3% to $87.91 a barrel.
read more... 27/10/2022
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Gas price cap ready ‘this winter’ if countries agree
The European Union could introduce a gas price cap this winter to limit excessive price spikes, but only if countries give Brussels a mandate to propose the measure, the bloc’s energy chief said on Wednesday (26 October).
read more... 27/10/2022