German utility E.ON to invest over 127 mln lei (26 mln euro) in smart meters in Romania

07/12/2020 09:04 Electricity Market


German utility group E.ON said on Friday it plans to install 397,000 smart meters in Romania by 2028, investing 127 million lei ($32 million/26 million euro) in the project.

So far, some 320,000 smart meters have been installed in Romania, E.ON said in a press release.


By 2028, the company aims to have installed over 700,000 smart meters in Romania, covering 45% of its clients.


In June, E.ON said that it plans to invest about 375 million euro ($422.5 million) in Romania during the 2020-2023 period through its two local subsidiaries Delgaz Grid and E.ON Energie Romania.


Delgaz Grid and E.ON Energie Romania employ 6,400 people and serve about 3.2 million customers.

UK ETS auctions to begin on 19 May

01/03/2021 08:27:00

The first auction of UK ETS allowances (UKAs) will be held on the platform on 19 May, and will continue to take place on alternate Wednesdays from here until the final sale of the year on 15 December.


Daily (26.02.2021): Brent crude rally take a breather, while U.S. WTI crude ends at its highest since May 2019

26/02/2021 09:49:00

Crude oil prices diverged on Thursday, with Brent crude steadying after a period of optimism amid concerns over OPEC+’s willingness to continue output cuts grow. In contrast, U.S. WTI crude gained ground, spurred by optimism of quickly depleting global oil inventories. Hence, Brent crude lost 0.2% to settle at $66.88 a barrel. Meanwhile, U.S. WTI crude rose by 0.5% to 63.53 a barrel, marking its highest finish since May 2019.


Portugal sees green hydrogen output by end-2022, $12 billion in investment lined up

26/02/2021 08:59:00

Portugal will start producing green hydrogen by the end of 2022 and already has private investment worth around 10 billion euros ($12 billion) lined up for eight projects that are expected to move forward, Environment Minister Joao Matos Fernandes said.