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Daily (11.01.2023): European electricity prices fell on Tuesday amid strong renewable energy, bearish gas and carbon prices
Crude oil prices increased slightly on Tuesday as the U.S. government predicted record global petroleum consumption next year and the dollar remained near seven-month lows. Brent crude rose by 45 cents or 0.6%, to settle at $80.10 a barrel. Meanwhile, U.S. WTI crude ended 49 cents, or 0.6% higher at $75.12 per barrel.
read more... 11/01/2023
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
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Bulgaria, Greece launch oil pipeline, gas storage projects
Two documents on boosting energy cooperation between Bulgaria and Greece, involving a commitment to build a new pipeline at neck-breaking speed and gas storage deal, were approved by the Bulgarian interim government on Wednesday.
read more... 05/01/2023
UK to reduce support for business energy costs
Britain's government will set out next week how it intends to scale back subsidies for businesses' soaring energy costs, after finance minister Jeremy Hunt described the current programme as "unsustainably expensive".
read more... 05/01/2023
Czech energy price caps to cost up to $8.8 bln
The Czech state's energy price caps will cost a maximum of 200 billion crowns ($8.79 billion) next year, although the final bill is likely to be smaller, the Industry Ministry said in material prepared for the next government meeting.
read more... 30/12/2022