Latest news
EU chief announces electricity market overhaul amid ‘skyrocketing’ prices
In an about-turn, the President of the European Commission, Ursula von der Leyen, acknowledged that the EU’s electricity market “does not work anymore” and needs to be adapted to the “new realities of dominant renewables”.
read more... 13/06/2022
Energy consumers 'better off' under UK quarterly tariff cap regime
The UK's national energy regulator, Ofgem, has said its proposal to adjust the Default Tariff Cap for household gas and electricity supplies on variable rates to a quarterly regime will leave consumers "better off".
read more... 10/06/2022
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Switzerland Risks Power Shortages Next Winter
Switzerland’s power supply remains uncertain for next winter and troubles with enough electricity capacity cannot be ruled out, the Swiss Federal Electricity Commission, Elcom, said in its annual news conference this week.
read more... 06/06/2022
Norway to ramp up offshore wind in drive to go green
Norway unveiled plans on Wednesday for a major expansion in offshore wind energy by 2040, aiming to turn a country that has built its wealth on oil and gas into an exporter of renewable electricity.
read more... 12/05/2022
Daily (06.05.2022): European forward electricity prices surged to record highs on Thursday amid a bullish energy complex
Oil prices increased slightly on Thursday, with the market continuing to digest the announcement from the European Commission that an EU ban on Russian oil is on the way. Consequently, Brent crude rose by 0.6% to $110.90 a barrel, while WTI crude added 0.4% to $108.26 a barrel.
read more... 06/05/2022