Latest news
EU Commission asks Bulgaria to cut energy subsidies, reduce consumption
The European Commission has asked Bulgaria to suspend the current scheme of state subsidies for the private sector to reduce the budget deficit and implement measures to reduce electricity consumption.
read more... 26/05/2023
Energy crisis drives EU institutions to cut down on energy use, go solar
The energy crisis and pressure to reduce consumption following the invasion of Ukraine have driven further demand cuts as EU institutions join efforts to cut energy use and emissions.
read more... 02/05/2023
European hydrogen demand to jump 60% by 2030
European hydrogen consumption is set to grow rapidly over the next few decades – by 60% from current levels by 2030 and a further three-fold by 2040, said Aurora Energy Research on Thursday.
read more... 28/04/2023
.png)
Daily (17.04.2023): European forward electricity prices fell by 3% on Friday, in tandem with bearish gas, carbon markets
Crude oil prices rose slightly on Friday after the International Energy Agency (IEA) unveiled global demand will hit a record high this year on the back of a recovery in Chinese consumption. Hence, Brent crude rose by 0.3% to settle at $86.31 a barrel. U.S. WTI crude settled at $82.52 a barrel, gaining 0.4% day-on-day.
read more... 17/04/2023
.jpg)
Germany to require a 26.5% cut to energy consumption by 2030
Germany's ruling coalition plans to require the private and public sectors to cut energy consumption by 26.5% by 2030 compared to 2008, a draft law seen by Reuters showed on Monday.
read more... 04/04/2023