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Hungary aims to invest EUR 16 bln by 2030 to curb gas reliance

Hungary aims to invest up to 16 billion euros by 2030 to boost electricity production and storage capacity and curb reliance on gas imports, supplied mostly by Russia, Technology and Industry Minister Laszlo Palkovics said on Tuesday.

read more... 07/09/2022

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Sweden announces liquidity guarantees of $23 bn to electricity companies

Electricity companies in Sweden and neighbouring countries will receive credit guarantees of up to 250 billion Swedish crowns ($23 billion) to tackle the problems that have arisen on the electricity exchange, the Swedish government announced.

read more... 06/09/2022

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Finnish govt plans 10-bn-euro crisis package for energy companies

Finnish government has proposed to provide the country's electricity companies with loans and guarantees of up to 10 billion euros ($10 billion) to secure the sufficiency of their cash resources.

read more... 06/09/2022

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EU mulls inframarginal price cap market reform

EU power markets could move to a capped inframarginal price formation under upcoming EU reforms, according to a leaked non-paper that details potential market reform strategies.

read more... 05/09/2022

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Berlin, Brussels join calls for ‘fundamental reform’ of EU power market

The German government on Friday (26 August) said it was looking at decoupling gas and electricity markets as a way to curb rising power prices in Europe, a call later joined on Sunday by Brussels and Vienna.

read more... 30/08/2022

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