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RWE to rethink UK investments if it proceeds with tax on power firms

German utility RWE AG's head has warned that a windfall tax on electricity generators in Britain would make it and other power firms reconsider their investment decisions in the country, the Financial Times reported on Sunday.

read more... 28/06/2022

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Spain readies new tax on electric utilities' profits

The Spanish government is readying a new tax on electricity utilities' profits, which have been boosted by energy prices, Budget Minister Maria Jesus Montero said on Tuesday.

read more... 22/06/2022

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Europe’s electricity industry calls for €400bn investment in distribution grids

Jean-Bernard Lévy, the chairman and CEO of French utility EDF and current president of power industry association Eurelectric, has urged EU countries to invest in distribution grids in order to sustain Europe’s move towards climate neutrality.

read more... 22/06/2022

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GIG and Bluestone to develop battery storage projects in UK

Macquarie’s Green Investment Group (GIG) has signed a joint development agreement with UK-based renewable energy developer Bluestone Energy to develop up to 2GW worth of battery storage projects in the UK.

read more... 16/06/2022

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French power could top EUR 700 this winter

French winter power prices would exceed EUR 700/MWh in the event of a halt to Russian gas supplies, Sebastien Loux, managing director of TotalEnergies' electricity and gas business in Europe, told Montel on Monday.

read more... 14/06/2022

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