Latest news
Portugal urged to reduce energy support measures
Portugal must reduce energy support measures as soon as possible this year and next, according to a European Commission report published on Tuesday, highlighting Portugal’s limited progress in implementing the Commission’s budgetary recommendation.
read more... 22/11/2023
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German industry sceptical of power tax cut plan
German energy experts and industry representatives are sceptical of a government plan to cut industrial power taxes, with the details still ambiguous and some arguing more was needed to ensure competitiveness with other nations.
read more... 21/11/2023
EU extends state aid scheme for companies hit by rising energy prices
The European Commission on Monday (20 November) extended by six months to June 2024 a scheme enabling EU countries to help companies hit by energy price spikes caused by Russia’s war on Ukraine.
read more... 21/11/2023
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National Grid Launches Massive $52 Billion Infrastructure Overhaul
National Grid has announced a wide range of policies and investments aimed at upgrading the U.K. and U.S. grid systems and tackling the backlog of energy projects waiting to be connected. While this is optimistic for the energy infrastructure of the two countries, climate activists are concerned that some of the moves may deter investment in renewable energy projects as the connectivity outlook remains uncertain. In addition, energy experts have repeatedly stated the enormous magnitude of the task of upgrading the U.K. and U.S. grid systems, with a multitude of challenges standing in the way of achieving the goal.
read more... 20/11/2023
Energy price cap to increase by 5% in January
Energy consultancy Cornwall Insight has unveiled its final forecast for the January to March 2024 Default Tariff Cap, projecting a 5% rise to £1,931 for a typical dual fuel household.
read more... 17/11/2023