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Daily (18.07.2023): Spot electricity prices in Europe rebounded by more than 200% on Monday, amid plummeting wind and solar output
On Monday, oil prices declined for the second consecutive day as traders grew more skeptical about the resilience of China's economic rebound in the absence of government assistance. Consequently, WTI crude experienced a 1.7% drop , reaching $74.15 per barrel. At the same time, Brent crude also declined by 1.7%, settling at $78.50 per barrel.
read more... 18/07/2023
France to raise regulated household electricity prices by 10% from August
The French government has decided to raise regulated household electricity prices by 10% starting from August, a government official told Reuters on Tuesday, confirming a report from newspaper Les Echos.
read more... 18/07/2023
Ireland launches MARA to regulate development in maritime area
The Irish Government has launched the Maritime Area Regulatory Authority (MARA), a new state agency, to oversee the country’s maritime area including offshore energy projects.
read more... 17/07/2023
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Polish government approves first nuclear power plant
Poland's Ministry of Climate and Environment has given a decision-in-principle for Polskie Elektrownie Jądrowe (PEJ) to construct a nuclear power plant in Pomerania. It is a formal confirmation that the company's investment project is in line with the public interest and the policies pursued by the state, including energy policy.
read more... 14/07/2023
The 11,200 km plan for Germany’s new ‘hydrogen highways’
A group of gas grid operators presented plans on Thursday (13 July) to complete the construction of Germany’s main hydrogen transport network by 2032, although the government has shown little interest in funding it.
read more... 14/07/2023