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Shift to hydrogen networks: EU Parliament adopts laws for new gas era
The European Parliament adopted a new set of laws on Thursday (11 April) to transition Europe’s gas markets and infrastructure to hydrogen and pave the way for the eventual creation of an independent hydrogen grid development body.
read more... 15/04/2024
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European Parliament adopts ‘patchwork’ power market reform
The EU’s overhaul of the power market design, sparked by the 2022 energy crisis, was approved by Parliament, paving the way for new price stablisation rules to become law.
read more... 12/04/2024
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Europe’s industrialists want deep reform of power market to tackle €800b grid spending gap
The European Union is facing a grid investment gap of €800 billion until 2030, finds a report commissioned by industry lobby group ERT, who call for another power market revamp to help address the issue.
read more... 09/04/2024
Daily (29.03.2024): Oil prices climbed by about 2% on Thursday ahead of a long Easter weekendamid geopolitical tensions and supply concerns
On Thursday, oil prices increased ahead of a long weekend during which many markets will be closed. The rise was attributed to concerns about potential supply shortages from various regions around the world due to geopolitical tensions. Consequently, Brent crude rebounded by 1.6% to settle at $87.48 a barrel, while WTI crude stood at $83.17 a barrel, climbing by 2.2% day-on-day.
read more... 29/03/2024
UK warned of potential £450bn loss due to energy policy uncertainty
Offshore Energies UK (OEUK) warns of a potential £450 billion loss in the domestic offshore energy market by 2040 without stable policies and competitive taxes.
read more... 27/03/2024