Latest news
Daily (12.10.2023): European spot electricity prices surged on Wednesday amid falling wind output and potential strikes by power workers in France
On Thursday, Oil prices fell following reports that Saudi Arabia had committed to maintaining market stability in the face of possible supply disruptions in the Middle East caused by conflicts in the region. As a result, Brent crude dropped by 2% to settle at $85.82 per barrel, while WTI crude ended at $83.49 per barrel, down 3% day-on-day.
read more... 12/10/2023
.jpg)
France, Germany to aim for energy accord ‘by the end of the month’
Over the years, France and Germany have developed radically diverging electricity systems. While Paris puts large-scale nuclear power plants at the heart of its market, Germany is moving towards a smaller-scale decentralised power generation model relying on 100% % renewable energy.
read more... 12/10/2023
.jpg)
World’s largest offshore wind farm powers UK grid for the first time
The Dogger Bank Wind Farm, set to become the world’s largest offshore wind farm, has achieved a significant milestone by producing its first power.
read more... 10/10/2023
Global electricity sector nearing ‘peak emissions’
Anew report suggests that we may soon reach the peak of global emissions from the electricity sector. Research into 78 countries by think tank Ember has shown that in the first half of 2023, CO₂ emissions from the global power industry grew by a mere 0.2%, with wind and solar capacity hitting record levels.
read more... 09/10/2023
.jpg)
Norway plans resource tax on onshore wind farms
Norway will introduce a resource rent tax on onshore wind power from 2024, although existing facilities will get "generous transitional arrangements", the government said on Friday.
read more... 06/10/2023