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Construction of first UK-Germany direct power link gets underway

NeuConnect, the first direct power link between the UK and Germany, achieved a key milestone this week by signing a licence agreement with The Crown Estate.

read more... 12/07/2023

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Daily (11.07.2023): Oil prices slipped by 1% on Monday amid ongoing concerns about global economy

On Monday, crude oil prices decreased amid continued global macroeconomic concerns. Sluggish economic recovery in China combined with ongoing macro uncertainty in the US outweighed production cuts from both Saudi Arabia and Russia. Thus, Brent crude slipped by 1% to settle at $77.69 a barrel. Meanwhile, WTI crude dropped by 1.2% to end at $72.99 a barrel.

read more... 11/07/2023

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Pro-nuclear energy EU states ask for 'level playing field' with renewables

A group of pro-nuclear EU countries led by France will present a paper to the European Commission on Tuesday asking for a "level playing field" for nuclear energy in the bloc's fight against climate change, a draft of the paper seen by Reuters showed.

read more... 11/07/2023

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UK explores ‘locational pricing’ to green grid and lower energy bills

The UK Government is currently exploring the possibility of implementing locational pricing for electricity.

read more... 11/07/2023

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Germany adds record 8 GW solar, wind capacity in H1

Germany added a record 8 GW of solar and wind power capacity in the first six months of 2023, up around two thirds year on year, think-tank IWR said, based on data from the BNEtzA registry.

read more... 11/07/2023

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