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Spanish government to present measures to bring down soaring electricity prices
Spain’s executive will “imminently” present a new package of urgent measures to reduce the fast increase of electricity prices on the wholesale market, the Spanish government announced on Tuesday (7 September).
read more... 08/09/2021
Electricity and gas prices in UK and Europe hit records
Consumers in the UK and continental European are facing a growing price crunch for energy as wholesale electricity costs surpassed their highest ever level on Monday, boosted by low wind generation and the rally in natural gas to record heights.
read more... 07/09/2021
Daily (03.09.2021): Electricity front-year prices were hovering at all-time highs amid record high gas and carbon
Crude oil prices rebounded sharply on Thursday, supported by recent data showing a sharp drop in U.S. crude inventories and hopes about global economic growth despite the coronavirus pandemic. Hence, Brent crude increased by $1.44 or 2%, to settle at $73.03 a barrel, notching its first gain in three sessions. U.S. WTI crude rose by $1.40, or 2%, to settle at $69.99 a barrel, the highest settlement since Aug 3.
read more... 03/09/2021
European court says German energy regulatory methods are insufficient
The Court of Justice of the European Union on Thursday said Germany’s energy regulator must be more independent in applying the bloc’s electricity and gas regulations.
read more... 03/09/2021
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European Commission approves $6.7bn scheme to support electricity production
The European Commission has approved a $6.7bn (€5.7bn) French aid scheme to support renewable power generation from small solar installations located on buildings.
read more... 31/08/2021