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EU solar power growth expected to slow in 2024-25
Growth of EU solar power installations may slow by 24% in 2024 and 23% in 2025 in the face of weaker wholesale electricity prices and problems getting permits and grid connections, an industry association forecast on Tuesday.
read more... 13/12/2023
Slovakia to allocate more funding to avoid rising prices of household energy
The Slovak government will give €1.25 billion to energy aid next year in an effort to prevent a 20% increase in household electricity charges, Slovak Economy Minister Denisa Saková said on Wednesday.
read more... 07/12/2023
Nuclear's share of world power output at multi-decade low
Global electricity production from nuclear energy dropped by 4% last year from 2021, with the technology's share of gross electricity generation falling to its lowest since the 1980s, an industry report showed on Wednesday.
read more... 07/12/2023
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EU Commission announces electricity grid action plan
The EU's energy commissioner Kadri Simson announced on Tuesday an action plan to overhaul its 40-year-old electricity infrastructure to meet new renewable energy demands as the energy transition speeds up.
read more... 29/11/2023
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Daily (21.11.2023): European spot electricity prices surged by over 30% on Monday amid weaker wind, reduced nuclear availability, and a rising demand
Oil prices rallied further on Monday amid speculations that OPEC+ is considering deeper cuts at the 26 November meeting in Vienna. Consequently, Brent crude settled at $82.32 per barrel, up by 2% day-on-day. WTI crude climbed by 2.6% to end at $77.83 per barrel.
read more... 21/11/2023