Latest news
Germany's electricity price cap to cost 14.5 bln eur until May
Germany plans to spend 14.5 billion euros ($15.75 billion) to finance its electricity price cap until May, a government document seen by Reuters showed, as part of a relief package Berlin set out last year to shield households and firms from surging energy prices.
read more... 25/01/2023
EU's planned reforms aim to better protect power bills from market swings
European Union proposals to overhaul its electricity market will attempt to better protect consumer energy bills from short-term swings in fossil fuel prices, the European Commission said on Monday.
read more... 25/01/2023
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Slovenia plans €3.5 billion investment in power distribution system
Slovenia plans to pour €3.5 billion into its power distribution system over the next 10 years to make it withstand the increased demand for electricity it expects will come with the green transition.
read more... 24/01/2023
UK's Crown Estate to lease sites for six offshore wind projects
Britain's Crown Estate will lease sites for six offshore wind projects capable of generating enough green electricity to power more than seven million homes by 2030 under agreements announced on Thursday.
read more... 20/01/2023
Daily (19.01.2023): European carbon prices reached their highest level in two weeks as a result of rising gas and electricity demand
Despite some hopeful predictions for oil consumption, oil prices were trading down on Wednesday as worries about the American recession took control. Investors have become aware that a recession is on the horizon amid US indices suggesting a severe slowdown in consumer spending. As a result, Brent crude oil slipped by $0.94, or 1.09% to settle at $84.98 a barrel. US WTI crude declined by 0.9% to end at $79.48 a barrel.
read more... 19/01/2023