Latest news
Government raises Energy Profits Levy
The UK Government is raising the Energy Profits Levy from 35% to 38%, starting 1st November 2024.
read more... 30/07/2024
Daily (29.07.2024) : British gas prices rebounded on Friday due to issues at the Freeport LNG export facility in the US
Oil prices fell on Friday, affected by China’s struggling economy despite ongoing tensions in the Middle East. As a result, Brent crude dropped by 1.5%, closing at $81.13 a barrel, while WTI crude declined by over 1.4%, settling at $77.16 a barrel.
read more... 29/07/2024
EC approves EUR 1.2bn Spanish state aid for green hydrogen
The European Commission (EC) has granted approval for Spain’s plans to provide state aid totalling EUR 1.2bn for large-scale green hydrogen projects to boost the country’s energy transition.
read more... 29/07/2024
TenneT increases grid investment to €4.6bn
The company increased its investment by €1.1bn ($1.19bn) from €3.5bn in the same period last year.
read more... 29/07/2024
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Italy offers heavily discounted power to energy-intensive firms
Italy will auction 20 TWh of power to energy-intensive industrials at EUR 60/MWh – about half the cost of current wholesale prices – to curb spiralling energy costs, a source close to the decision told Montel.
read more... 29/07/2024