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Daily (24.07.2023): The German day-ahead power price dropped by around 27% amid strong renewables and low demand
Crude oil prices increased on Friday following the announcement made by Russia and Saudi Arabia to reduce production and exports. Hence, Brent crude hiked by 1.8% to end at $81.07 a barrel.
read more... 24/07/2023
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Global power demand growth to rebound in 2024 after slowdown
An ongoing energy crisis and an economic downturn is expected to slow global power demand growth in 2023, but a probable rebound in 2024 means more renewable capacity needs to be developed, the International Energy Agency (IEA) said on Wednesday.
read more... 20/07/2023
Germany more flexible on hydrogen transition, emphasises speed
Germany is set to hold on to its hydrogen economy goals up to 2030 and beyond while pressing for speed and allowing greater leeway in transitioning from fossil fuels-based variants to renewables, a draft paper showed on Wednesday.
read more... 13/07/2023
Pro-nuclear energy EU states ask for 'level playing field' with renewables
A group of pro-nuclear EU countries led by France will present a paper to the European Commission on Tuesday asking for a "level playing field" for nuclear energy in the bloc's fight against climate change, a draft of the paper seen by Reuters showed.
read more... 11/07/2023
Spain's People's Party proposes fee on renewable projects
Spain's main opposition People's Party (PP), which is leading in the polls ahead of the July 23 national election, would introduce a fee on renewable energy projects to pay for the administrative costs tied to them, it said on Tuesday.
read more... 06/07/2023