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New nuclear reactor will make Slovakia a power exporter
Slovakia's new Mochovce 3 reactor is slated to start up and generate electricity this year with unit 4 following in 2023, according to an energy security report released by the Ministry of Economy. Once it starts up, Mochovce 3 will immediately tip Slovakia's energy balance back to an export footing.
read more... 18/08/2021
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EU solar power generation hits record high
Solar power supply in the European Union during June and July rose to a record high in 2021, accounting for 10% of total electricity produced in the region, a report by independent climate think-tank Ember said on Wednesday (18 August).
read more... 18/08/2021
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Spain says EU rejects request to change power pricing mechanism
The European Commission has rejected a Spanish request to change the rules that underpin member states' electricity markets as power prices in the country hit record highs, Spain's Energy and Environment Minister Teresa Ribera said on Thursday.
read more... 13/08/2021
Daily (11.08.2021): European day-ahead electricity prices hovered at around 100 EUR/MWh on Tuesday amid halving wind, spiralling gas prices, strong demand
Oil prices moved cautiously higher on Tuesday, recouping some of their losses in the previous session, as rising demand in Europe and the United States offset concerns over an increase in COVID cases in Asian countries. Hence, Brent crude rose by $1.59, or 2.3%, to settle at $70.63 a barrel. U.S. WTI crude settled $1.81, or 2.7%, higher at $68.29 per barrel. Both contracts dropped by around 2.5% on Monday, but analysts believe the pandemic turbulence will be short-lived.
read more... 11/08/2021
BP sees potential for green hydrogen, ammonia plant in Australia
The production of green hydrogen and green ammonia is technically feasible at scale in Australia, but will require a major investment in port, electricity and water services, BP said on Wednesday, based on the findings of a study.
read more... 11/08/2021