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German cabinet approves bill to phase out oil and gas heating systems

The German cabinet on Wednesday approved a bill that bans most new oil and gas heating systems from 2024, the economy minister said, a policy designed to cut greenhouse gas emissions but that critics warned could be costly for poorer households.

read more... 20/04/2023

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EU leaders want power market reforms agreed by year end

EU leaders want to see power market design reforms intended to mitigate volatile prices agreed this year, they said after discussing the bloc’s energy situation at a summit in Brussels late on Thursday.

read more... 24/03/2023

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EU Works On Overhaul Of Power Market To Lower Energy Bills

The European Union is working on proposals designed to decouple gas prices and renewable energy prices in what could be a major overhaul in the bloc’s power market amid an unprecedented crisis.

read more... 04/01/2023

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EU to propose crisis measures to curb energy price spike

The European Union is set to unveil plans on Wednesday to skim off windfall profits from energy companies and impose cuts in electricity usage across the bloc, in a package designed to shield citizens and businesses from surging energy prices.

read more... 14/09/2022

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Britain to set out $115 billion-plus plan to cut energy bills

New British Prime Minister Liz Truss will cap soaring consumer power bills on Thursday and promote new sources of energy in an expected 100 billion pound ($115 billion)-plus package designed to limit the economic shock caused by the war in Ukraine.

read more... 08/09/2022

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