Poland's energy minister says power prices must stay under control

12/09/2019 08:52 Electricity Market


Poland’s energy minister, Krzysztof Tchorzewski, said on Wednesday that the country would have to maintain controls on electricity prices to secure economic competitiveness.

The ruling Law and Justice party (PiS) imposed a cap on household power tariffs this year in an effort to prevent a spike triggered by gains in carbon emissions costs and coal prices.


A PiS plan to freeze 2019 power prices for companies and the public sector failed because the European Commission raised concerns, but the government instead proposed compensation for the biggest energy consumers hurt by increased tariffs.


Next year’s power prices may become a hot-button issue ahead of a general election in October, just as they were before local elections in 2018, when PiS promised to freeze them.

Source: reuters.com

Exxon Mobil considers sale of Malaysian offshore assets for up to $3 bln

09/10/2019 14:54:00

U.S. energy giant Exxon Mobil Corp is considering a sale of its Malaysian upstream offshore assets for up to $3 billion, Bloomberg reported on Wednesday.


Zimbabwe hikes average electricity tariff by 320% - energy regulator

09/10/2019 13:25:00

Zimbabwe has increased the average electricity tariff by 320% to let the state power utility ramp up production and improve supplies at a time of daily rolling power cuts, the national energy regulator said on Wednesday.


Daily (09.10.2019): European carbon prices reached EUR 23 a tonne on Tuesday, on worries over Brexit negotiations

09/10/2019 10:50:00

Crude oil prices traded lower on Tuesday, after Donald Trump reported that a quick trade deal will unlikely happen soon. Meanwhile, oil prices were supported by protests in OPEC members Iraq and Ecuador, which threatened to disrupt their oil output. Hence, WTI futures fell by 0.2% to $52.63 a barrel, while Brent crude edged 0.2% down at $58.24 a barrel.