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France, Spain urge pan-European response to energy price surge
France and Spain on Monday (4 October) called for a coordinated European response to the surge in global energy prices to protect Europe’s poorest citizens, the competitiveness of its businesses and its 2050 plan to cut greenhouse emissions.
read more... 06/10/2021
Daily (05.10.2021): European electricity prices rocketed on Monday amid low renewables output, surging gas prices
Oil prices prolonged their rally, to hit a three-year high on Monday following OPEC+ decision to stick with its current output policy as demand for petroleum rebounds. Hence, Brent crude soared by $1.98, or 2.5%, to settle at $81.26 a barrel. U.S. WTI crude settled up $1.74, or 2.3%, to $77.62 a barrel.
read more... 05/10/2021
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UNEP, IEA and Italy launch new initiative on power system modernisation
A new initiative aimed at accelerating progress on power system modernisation and the effective utilisation of demand-side resources has been launched.
read more... 05/10/2021
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TenneT launches tender for 2GW Dutch wind hub
Transmission system operator TenneT has gone to market for its first 2GW offshore wind connection system in the Dutch North Sea.
read more... 05/10/2021
Energy price crunch risks derailing UN climate talks
The current hike in energy prices is threatening to overshadow the COP26 climate summit this November as countries scramble to tackle the rising costs of electricity, oil and gas, warned a senior executive at Spanish power firm Iberdrola.
read more... 05/10/2021