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Daily (02.04.2024) : Strong renewable generation weighed on European electricity spot prices on Monday
Oil prices diverged on Monday, amid geopolitical unrest in the Middle East and an upturn in manufacturing activity in China. Brent crude remained stable to slightly bearish reaching a price of $87.42. At the same time, WTI Crude increased by roughly 1 % to $83.71.
read more... 02/04/2024
New price cap to drive energy bills to two-year low
Britain‘s energy regulator, Ofgem implemented its latest price cap on 1st April – the energy price for a typical household utilising both gas and electricity and paying through direct debit will decrease by £238.
read more... 02/04/2024
Renewables meet 89% of Portugal's Q1 power demand
National grid operator Redes Energeticas Nacionais (REN) said on Monday that renewable energy plants in Portugal have covered 89% of the country's electricity consumption in the first quarter of 2024.
read more... 02/04/2024
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UAE signals interest in European nuclear energy investments
The United Arab Emirates has approached European nations including Britain to gauge their interest in the Middle Eastern state investing in their nuclear power infrastructure, according to three sources familiar with the talks.
read more... 01/04/2024
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SSE, Bord na Móna form onshore wind joint venture in Ireland
Scottish energy company SSE and Bord na Móna, an Irish state-owned energy company, have formed a joint venture to deliver up to 800MW of new onshore wind energy in Ireland.
read more... 01/04/2024