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Brussels sticks to transition amid price spikes
Record gas and power prices in Europe have raised critical questions over the region's energy resilience as it aims to accelerate its energy transition in pursuit of urgent climate goals, but national responses and potential plans for co-ordinated action so far show no sign of backsliding on climate goals.
read more... 12/10/2021
Soaring energy prices climb EU’s political agenda
The European Union said on Wednesday (6 October) it will examine the way its power market is run and consider proposals to revamp regulations within the bloc, as it seeks to keep plans to tackle climate change on track amid record-high energy costs.
read more... 08/10/2021
Re-balancing of Europe's gas, power markets seen unlikely in Q4
A rapid re-balancing of the European gas market looks an unlikely prospect in Q4 2021 as prices continued to reach fresh record highs deep into September.
read more... 01/10/2021
Daily (27.09.2021): European carbon prices surged by 4% on Friday, reaching a new record-high amid stronger market trading activity
Crude oil prices increased on Friday, supported by tight supply, most notably in the US after the hurricane last month, as well as by stronger demand for black gold. As a result, Brent oil gained 1.1% at $78.09 a barrel and WTI crude rose by 0.9% to $73.98 a barrel.
read more... 27/09/2021
Europe's power firms locked out of record price bonanza
Several European power firms have been shut out of bumper revenues from record high gas and electricity prices as their sales are largely locked in at lower prices, and face extra pressure from governments acting to protect consumers.
read more... 20/09/2021