Latest news
Daily (29.08.2023): German spot power surged dramatically by about 27% amid ongoing heatwave
Crude oil prices ended rather stable on Monday as markets faced another day of uncertainty over price direction. Despite China's economic stimulus measures, worries about possible additional U.S. interest rate hikes overshadowed the positive impact. Thus, Brent crude ended rather flat at $84.42 a barrel. Meanwhile, U.S. WTI crude edged 0.3% higher at $80.10 a barrel.
read more... 29/08/2023
German electricity price fight intensifies ahead of government retreat
The German government coalition is split on whether or not to subsidise electricity prices for energy-intensive industries, such as chemical industries and steel, with Chancellor Scholz’s own Social Democrats party turning against his position.
read more... 29/08/2023
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Amprion begins planning 8GW offshore power link in Germany
The Windader West energy corridor will include four offshore connections, each with a power transmitting capacity of 2GW.
read more... 28/08/2023
Renewable output hits record highs in Europe
Wind and solar output hit a record average of 45 GW this summer across Germany, Belgium, France, Italy and Britain, a study showed on Wednesday.
read more... 25/08/2023
German industry leans on Berlin for swift carbon storage plan
Leading German companies have urged Berlin to make public its strategy to enable carbon capture and storage by the end of this year, as they seek to capitalise on weakened opposition to the technology and prevent any political delay.
read more... 24/08/2023