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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
Sweden Eyes Nuclear Power Buildout For Low-Carbon Energy Security
Sweden will build two new nuclear reactors by 2035 in a hedge on low-carbon energy security, with 10 new reactors hoped for by 2045.
read more... 17/11/2023
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Nuclear, windfall profits in focus as EU electricity reform talks near finishing line
Financing for nuclear and the redistribution of potential windfall profits made by electricity operators remain key sticking points as EU legislators prepare for talks on Thursday (16 November) to reform the bloc’s electricity market.
read more... 15/11/2023
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EDF and France reach deal on electricity prices
State-controlled power group EDF and the French government have reached a tentative deal on future nuclear power prices, a source close to the government said on Monday, ending months of tense negotiations.
read more... 14/11/2023
France's clean power clout to be tested again this winter
France's power sector is under fresh scrutiny as maintenance on several of the country's critical nuclear reactors continues just as Europe braces for another winter, when regional heating demand typically peaks.
read more... 09/11/2023