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EU mulls inframarginal price cap market reform
EU power markets could move to a capped inframarginal price formation under upcoming EU reforms, according to a leaked non-paper that details potential market reform strategies.
read more... 05/09/2022
Belgium supports energy price caps, suspending trading in EU power crunch
Belgium has backed introducing price caps for European Union's gas and electricity hubs, as well as suspending trade in case of "irrational market behaviour", according to a note seen by Reuters on Monday.
read more... 01/09/2022
Russia sees 38% rise in energy export earnings this year
Higher oil export volumes, coupled with rising gas prices, will boost Russia's earnings from energy exports to $337.5 billion this year, a 38% rise on 2021, according to an economy ministry document seen by Reuters.
read more... 18/08/2022
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Belgium reaches initial deal with Engie to prolong nuclear power
Belgium has reached an initial accord with French utility group Engie to extend the use of nuclear power by 10 years after Russia's invasion of Ukraine forced the government to rethink plans to rely more on natural gas.
read more... 25/07/2022
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EU drafts plan to reduce gas consumption ahead of uncertain winter
The European Commission is drafting plans to help EU countries reduce fossil gas demand and, if necessary, curtail consumption in the face of “a likely deterioration of gas supply outlook” this winter, according to leaked policy proposals seen by EURACTIV.
read more... 15/07/2022