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Mexico snares Iberdrola power plants for $6 bln in 'new nationalization'
The Mexican government has agreed to buy 13 power plants from Spanish energy giant Iberdrola in a deal worth $6 billion, which Mexico's president hailed as a "new nationalization" of the electricity market that will amp up state control.
read more... 06/04/2023
Daily (05.04.2023): Spot electricity prices in Europe gained ground on Tuesday due to declining wind power output
Oil prices ended Tuesday’s session rather flat to bullish, failing to capitalize further on surprise output cuts by several members of the OPEC+ alliance, with the market more concerned about demand than supply. As a result, Brent crude ended at $84.94 a barrel, while WTI crude edged around 0.4% higher to settle at $80.71.
read more... 05/04/2023
Electric grids need major upgrades to aid global energy transition
Modern electricity grids that can optimize clean power production from a constantly changing flux of renewable and fossil energy sources will play a vital role in enabling global energy transition efforts.
read more... 31/03/2023
In U-turn, Germany backs swift adoption of EU power market reform
Ahead of an EU summit in Brussels, the German government signalled readiness to swiftly adopt the EU’s proposed electricity market reform, abandoning previous calls to delay decisions until after the 2024 European elections.
read more... 23/03/2023
Slovenia plans extension of electricity, gas price regulation
The government plans to extend the regulation on electricity and gas retail prices for households, small business customers and Small and medium-sized enterprises (SMEs), which expires in mid-2023, until the end of the year, with unofficial information indicating price levels will remain the same.
read more... 23/03/2023