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UK government to ease ban on onshore wind farms to head off revolt
British Prime Minister Rishi Sunak's government on Tuesday said it would ease restrictions on building onshore wind farms, heading off a revolt by his party's lawmakers who had demanded they should be permitted with local support.
read more... 08/12/2022
Bulgaria imposes 33 per cent windfall tax on oil, gas and coal companies
Bulgaria's parliament approved on Tuesday a temporary windfall tax of 33% on oil, gas and coal companies, implementing a European Union-wide agreement on the issue.
read more... 07/12/2022
Italy Expects To Raise $4.2 Billion From Windfall Tax And Power Price Cap
The Italian government expects to raise around $4.2 billion (4 billion euros) from a new windfall tax on energy companies and a price cap on the electricity produced by coal, fuel oil, or renewable power generation, officials at the central bank, Bank of Italy, said on Monday.
read more... 07/12/2022
Italy applies 50% windfall tax on energy companies' extra income
Italy plans to apply a 50% one-off windfall tax next year on income of energy companies that have benefited from the surge in oil and gas prices, a draft of the government's 2023 budget seen by Reuters showed.
read more... 28/11/2022
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Daily (25.11.2022): European day-ahead power prices jumped on Thursday due to stronger demand and weaker wind generation
Oil prices were rather constant on Thursday, due to uncertainty about the level of a price cap on Russian oil. Consequently, Brent crude traded rather flat at $85.34 a barrel, and WTI oil edged 0.1% higher at $78.08 a barrel amid general signs of low demand.
read more... 25/11/2022