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EU energy regulator to launch LNG price assessment on Friday
European Union energy regulators will start publishing a daily liquefied natural gas (LNG) price assessment on Friday, the first step in the EU's plan to form a new European benchmark price for the super-chilled fuel.
read more... 11/01/2023
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Spain seeks to set nuclear, hydro power prices to curb profits
Spain wants the European Commission to allow it to set prices for nuclear and hydroelectric power as it seeks to decouple the cost of electricity production from gas and to curb windfall profits, energy ministry sources said.
read more... 11/01/2023
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Belgium to extend life of two nuclear reactors by 10 years
Belgium has reached an agreement with French utility Engie to extend the life of two nuclear reactors by 10 years, the prime minister said on Monday, overturning a plan to exit nuclear power in 2025 as the war in Ukraine has changed energy strategy.
read more... 11/01/2023
Daily (10.01.2023): European gas and power prices moved upwards on Monday amid colder weather forecast
Crude oil prices moved upwards on Monday as China's decision to lift COVID-19 restrictions raised hopes for a rebound in economic activity in the world's second largest oil consumer. Brent crude rose by $1.08, or 1.4%, to settle at $79.65 a barrel. U.S. West Texas Intermediate crude added 86 cents, or 1.2%, to $74.63.
read more... 10/01/2023
UK outlines electricity capacity market reforms, incentivising clean suppliers
Britain announced new proposals on Monday aimed at avoiding electricity blackouts and incentivising greater investment in low carbon technologies.
read more... 10/01/2023