The European Commission on Monday said it had approved 2.6 billion euros ($2.8 billion) of state aid granted by Germany to energy company RWE to compensate for the early closure of lignite-fired power plants.
read more... 12/12/2023
More than 100 countries at the COP28 climate summit in Dubai have agreed to triple renewable energy capacity by 2030 - one of the least controversial commitments floated at the conference.
read more... 12/12/2023
Oil prices rebounded on Friday following a meeting between Russian President and Saudi Crown Prince, where they emphasized the importance of energy cooperation and the need for all countries to adhere to the OPEC+ agreement. Consequently, Brent crude ended at $75.84 per barrel, while WTI crude closed at $71.23 per barrel, both contracts jumping by more than 2%.
read more... 11/12/2023
The Slovak government will give €1.25 billion to energy aid next year in an effort to prevent a 20% increase in household electricity charges, Slovak Economy Minister Denisa Saková said on Wednesday.
read more... 07/12/2023
Poland's parliament on Wednesday voted in favour of an amended bill to freeze energy prices put forward by Donald Tusk's newly-formed coalition as it seeks to tackle an early challenge to its policies to introduce greener energy and replace coal.
read more... 07/12/2023