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Low wind to prop up German spot prices over Easter
German spot power prices look set to hit their second highest on average for Easter weekend in a decade amid low wind power generation, traders told Montel.
read more... 10/04/2023
Mexico snares Iberdrola power plants for $6 bln in 'new nationalization'
The Mexican government has agreed to buy 13 power plants from Spanish energy giant Iberdrola in a deal worth $6 billion, which Mexico's president hailed as a "new nationalization" of the electricity market that will amp up state control.
read more... 06/04/2023
Germany to require a 26.5% cut to energy consumption by 2030
Germany's ruling coalition plans to require the private and public sectors to cut energy consumption by 26.5% by 2030 compared to 2008, a draft law seen by Reuters showed on Monday.
read more... 04/04/2023
Electric grids need major upgrades to aid global energy transition
Modern electricity grids that can optimize clean power production from a constantly changing flux of renewable and fossil energy sources will play a vital role in enabling global energy transition efforts.
read more... 31/03/2023
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EU leaders want power market reforms agreed by year end
EU leaders want to see power market design reforms intended to mitigate volatile prices agreed this year, they said after discussing the bloc’s energy situation at a summit in Brussels late on Thursday.
read more... 24/03/2023