A deal on reforming the EU’s power market, reached by the 27 EU member states on Tuesday (17 October), paves the way for Paris to ditch a much-decried scheme forcing state utility EDF to sell its nuclear energy production to competitors below market price.
read more... 20/10/2023
Portugal's electricity market regulator ERSE has approved a 1.9% increase in regulated tariffs that affect about a million households and businesses and indirectly influence prices practiced by utilities, from January, it said on Tuesday.
read more... 18/10/2023
As France and Germany negotiate a joint agreement to resolve differences over the EU’s proposed electricity market reform, Spain, which holds the EU’s rotating presidency, presented a new compromise proposal on Wednesday (11 October), which seems to put Paris’ back against the wall.
read more... 16/10/2023
On Thursday, Oil prices fell following reports that Saudi Arabia had committed to maintaining market stability in the face of possible supply disruptions in the Middle East caused by conflicts in the region. As a result, Brent crude dropped by 2% to settle at $85.82 per barrel, while WTI crude ended at $83.49 per barrel, down 3% day-on-day.
read more... 12/10/2023
Over the years, France and Germany have developed radically diverging electricity systems. While Paris puts large-scale nuclear power plants at the heart of its market, Germany is moving towards a smaller-scale decentralised power generation model relying on 100% % renewable energy.
read more... 12/10/2023