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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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NS2 operator certification unlikely until 2022
German energy regulator Bnetza has until early January to reach and publish a draft decision on the 55bn m³/yr Nord Stream 2 project developer's application to act as the line's operator, with a final decision not likely until summer 2022.
read more... 14/09/2021
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Belgian nuclear phase out an 'irreversible loss'
An open letter to the prime minister of Belgium, Alexander De Croo, has called for the country's anti-nuclear policies to be re-evaluated and for Belgium's nuclear facilities and skills to be positively applied in an effort to avert climate change. Writing in the major newspaper La Libre, a group of young engineers called Horizon 238 appealed to De Croo: "Our country is about to make a decision that will irreversibly shape its energy landscape for decades to come, and which will undoubtedly become one of the most significant chapters of your government's legacy."
read more... 24/08/2021
Fortum calls for prompt decision on Swedish repository
A government decision on Sweden's final waste repository will be delayed by the launch of a public consultation on whether the application for the repository should be considered separately from that for an expansion of the existing Clab repository for low and intermediate-level waste, Finnish nuclear operator Fortum has said. A government decision, it warned, is needed before the end of this month in order to avoid future disruptions to electricity supply due to a lack of interim used fuel storage capacity.
read more... 19/08/2021
UK hydrogen strategy defers difficult decisions on CO2 intensity, market mechanisms
The UK will pursue a technology-neutral approach to develop 5-GW of low-carbon hydrogen by 2030 in its much-anticipated Hydrogen Strategy, but said details on market mechanisms and carbon intensity definitions to support it would wait until 2022.
read more... 17/08/2021