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France spends 8.4 billion euros to help companies with energy bills
France will spend 8.4 billion euros ($8.67 billion) to help companies pay their energy bills, in a bid to cushion the impact of rising electricity and gas prices and help them compete with German businesses, its finance minister said on Saturday.
read more... 22/11/2022
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France to expand electricity interconnections with Ireland, Italy
Irish and French energy regulators confirmed that the Celtic Interconnector will be completed by 2027, despite a substantial re-evaluation of the project’s costs. The French grid operator also confirmed the partial launch of the Savoy-Piedmont electricity interconnection.
read more... 15/11/2022
Daily (11.11.2022): Electricity forward prices slumped on Thursday on forecasts for a mild winter weather
U.S. inflation data mitigated fears on COVID-19 restrictions in China, lending support to oil prices. Thus, Brent oil traded 1% higher at $93.67 a barrel. WTI crude rose by 0.8% to $86.47 per barrel.
read more... 11/11/2022
Spain's Iberdrola to invest $47 bln in energy transition in 2023-25
Spain's Iberdrola will invest 47 billion euros ($47 billion) in electricity networks, renewable energy production and customer businesses over the next two years, its chairman said in a strategy update on Wednesday.
read more... 10/11/2022
Daily (09.11.2022): German and French year-ahead electricity prices fell due to positive prospects in power generation
Tuesday saw a decrease in oil prices due to growing worries about fuel consumption as COVID-19 outbreaks escalated in the world's biggest crude importer China. Prices were also affected by uncertainty related to the results of the US midterm elections. As such, the Brent crude price settled 2.6% down at $95.36 a barrel. WTI crude fell by 3.1% to $88.91 a barrel.
read more... 09/11/2022