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Italy's renewable power output overtakes fossil fuels for first time
Electricity produced from renewable sources in Italy in the first six months of the year surpassed power generated from fossil fuels for the first time ever, the power grid operator Terna said on Thursday.
read more... 19/07/2024
Daily (17.07.2024) European spot electricity prices surged due to decreased wind energy generation.
Oil prices continued to decline on Tuesday, weak economic signals from China, the world's largest crude oil importer. Consequently, Brent crude decreased by just over 1.3% to end at $83.73 a barrel, while WTI crude fell by 1.4% to settle at $80.76 a barrel.
read more... 17/07/2024
Record low fossil fuel power generation
Fossil fuel electricity generation in Europe fell to its lowest recorded level in the second quarter of 2024.
read more... 16/07/2024
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Engie breaks ground on 800 MWh battery in Belgium
Once completed, the four-hour battery energy storage project will operate under a 15-year contract with Elia, Belgium’s electricity grid operator, and be located next to Engie’s gas power plant in Vilvoorde.
read more... 10/07/2024
Daily (08.07.2024): European spot electricity prices plummeted amidst rising wind power and weaker demand, while French spot posted negative values
Oil prices fell on Friday, following several sessions of increases, in the absence of any new developments on the oil market and persistent demand concerns. Thus, Brent crude stood at $86.54 a barrel, while WTI crude closed at $83.16 a barrel, with both contracts declining by about 1% day-on-day.
read more... 08/07/2024