Latest news
Gas cap could slash German power price massive 72%
The introduction of a European gas price cap could slash the German wholesale power price by up to a whopping EUR 309, or 72%, from its current level next winter, an analyst said on Thursday. However, it would still not be enough to see prices revert to levels they were before Russia’s war in Ukraine, Ryan Alexander, research lead at Aurora Energy Research, told Montel’s Austrian Energy Day.
read more... 14/10/2022
Germany agrees 200 bln euro package to shield against surging energy prices
German Chancellor Olaf Scholz set out a 200 billion euro ($194 billion) "defensive shield", including a gas price brake and a cut in sales tax for the fuel, to protect companies and households from the impact of soaring energy prices.
read more... 30/09/2022
Germany will reduce electric car subsidies as EV sales rise
Germany will reduce financial incentives to buy electric cars next year, as the vehicles' growing popularity makes government subsidies unnecessary.
read more... 27/07/2022
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Scottish wind sale nets nearly $1 billion with Shell, BP among winners
BP , Shell and utility Iberdrola were among the winners of seabed rights to develop Scottish offshore wind projects, in an auction which raised nearly 700 million pounds ($958 million) for public spending.
read more... 18/01/2022
Spain’s power measures ‘tilting toward’ utilities
Spain's interventionist measures in recent months aimed at reducing the effect of record wholesale energy prices on consumers' electricity bills have temporarily increased regulatory risk perception in the sector. But they looked to be leaning towards local major utilities in the end, consultancy Ekon said.
read more... 22/11/2021