The German storage levy charges a fee on all gas exiting the German grid, set at €1.86/MWh for January-June, with the aim of recouping money spent to purchase strategic reserves in 2022.
read more... 10/01/2024
The European Commission (EC) on Monday approved, under state aid rules, a EUR-2.9-billion (USD 3.17bn) French tax credit scheme to support the production of solar panels, batteries, wind turbines and heat pumps, as well as associated key components and critical raw materials.
read more... 10/01/2024
On Monday, oil prices tumbled. The drop was attributed to Saudi Arabia's decision to reduce its tariffs as part of a strategic move to reposition itself amid uncertainties and increasing competition in the market. As a result, Brent crude settled 3.3% lower at $76.12, while WTI crude declined by more than 4% to stand at $70.77 per barrel.
read more... 09/01/2024
The “draft bill on energy sovereignty”, which could still change before its final presentation in the coming weeks, lays out France’s energy objectives for 2030.
read more... 09/01/2024
The Dutch government said on Monday it would turn on the "pilot light" - meaning minimal production - at two stations in the Groningen gas field due to impending cold temperatures in the Netherlands.
read more... 09/01/2024