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Portugal's first offshore wind auction aims for more than 1 GW

Portugal's first auction of licenses to build offshore wind farms, set to be launched by year-end, is aimed for projects with a total installed capacity of more than 1 gigawatt (GW), Energy Secretary Ana Fontoura said on Tuesday.

read more... 31/05/2023

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Daily (30.05.2023): Weaker demand and high storage levels continue to weigh on gas prices

Crude oil prices rose on Monday after President Biden and House Speaker Kevin McCarthy were believed to have reached a preliminary agreement on lifting the debt ceiling. Brent crude added 0.2% to settle at $77.07 a barrel. WTI crude increased by 0.4% to trade $72.96 per barrel.

read more... 30/05/2023

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Daily (29.05.2023): Crude oil prices retreated by 1% on Friday amid provisional agreement on rising the US debt ceiling

Oil prices gained ground on Friday, spurred by provisional agreement struck by US leaders on raising the debt ceiling and potential output cuts by OPEC+. Brent crude increased by 0.9% to settle at $76.95 a barrel, while WTI gained 1.3% to trade at $72.67 a barrel.

read more... 29/05/2023

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UK electricity market sets CAP below £100/MWh for first time since 2021

The Credit Assessment Price will fall to £85/MWh in response to stabilising wholesale prices

read more... 29/05/2023

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UK to unveil solar roadmap in 2024

The government has announced plans to publish a solar roadmap in 2024, outlining the actions needed to increase the country’s solar capacity nearly fivefold by 2035.

read more... 26/05/2023

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