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Daily (11.01.2023): European electricity prices fell on Tuesday amid strong renewable energy, bearish gas and carbon prices
Crude oil prices increased slightly on Tuesday as the U.S. government predicted record global petroleum consumption next year and the dollar remained near seven-month lows. Brent crude rose by 45 cents or 0.6%, to settle at $80.10 a barrel. Meanwhile, U.S. WTI crude ended 49 cents, or 0.6% higher at $75.12 per barrel.
read more... 11/01/2023
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Spain seeks to set nuclear, hydro power prices to curb profits
Spain wants the European Commission to allow it to set prices for nuclear and hydroelectric power as it seeks to decouple the cost of electricity production from gas and to curb windfall profits, energy ministry sources said.
read more... 11/01/2023
UK outlines electricity capacity market reforms, incentivising clean suppliers
Britain announced new proposals on Monday aimed at avoiding electricity blackouts and incentivising greater investment in low carbon technologies.
read more... 10/01/2023
Finland Proposes 30% Windfall Tax On Power Companies
The Finnish government has announced on Thursday that it has proposed a temporary windfall tax on profits from the country's electricity companies as part of a European Union response to soaring power costs. The proposed 30% tax would apply to any profits exceeding a 10% return on capital in 2023, with the government estimating it could bring in between 500 million and 1.3 billion euros ($533 million-$1.9 billion).
read more... 30/12/2022
Daily (28.12.2022): European spot electricity prices fell sharply on Tuesday amid higher wind generation
Crude oil prices barely changed on Tuesday as restarts at some U.S. energy plants closed by winter storms offset gains from hopes of a demand recovery as China eases COVID-19 restrictions. Hence, Brent crude rose by 41 cents, or 0.5%, to settle at $84.33 a barrel, while U.S. West Texas Intermediate crude settled 3 cents lower at $79.53 per barrel.
read more... 28/12/2022