With AI, utilities can forecast more accurately to predict how much actual power their installations will generate in any situation.

Traders are on edge with Russian President Vladimir Putin saying any energy infrastructure in the world is at risk after the Nord Stream explosions, which he said benefited the US, Ukraine and Poland.

EU energy ministers gathering in Prague on Wednesday will consider that model, which has already been adopted by Spain and Portugal, allowing consumers to avoid the worst of the price surges.

Amidst volatility in global energy markets, continuing recovery from the COVID-19 pandemic, and increasingly frequent climate-related challenges, the United States and India reiterated their commitment to accelerating a just and sustainable energy transition.

According to KEPCO, the cost for producing 1 kWh using LNG amounts to KRW170 (US$11c), compared with about KRW96 (US$7c) for coal.

To take the group private, the French government will spend €9.7bn, including transaction costs.

European countries should guard against distorting the common market with billions in state support and must maintain a level playing field

Germany is rushing to minimize the impact of surging energy costs after Russia curtailed supplies of natural gas in retaliation for sanctions imposed after its invasion.

The UK government has said it is currently scouring the market for potential gas import deals as part of a new supply security push.

The two sides discussed pressing bilateral issues and expressed a mutual commitment to pursue Russian-Bahraini relations in a traditionally friendly, mutually beneficial and constructive manner.