W.Europe
2022, September, 14, 13:05:00
EUROPEAN ELECTRICITY PRICES RECORDS
So far, in 2022, spot electricity prices are five to ten times higher than in previous years. On August 22, the daily spot market price for Germany exceeded 600 EUR/MWh, 15 times the average of the 2010s.
2022, September, 14, 12:55:00
GLOBAL RENEWABLES FROM CHINA
The developed nations of Europe and the UK have played into the hands of Russia by closing coal and nuclear generation facilities and becoming dependent on renewables and Russian natural gas, rather than developing their own natural gas reserves.
2022, September, 9, 14:25:00
RUSSIAN GAS PRICES: NO LIMITS
Germany doesn’t support a price cap on Russia gas because some countries are still dependent on those supplies, Economy Minister Robert Habeck told reporters in Brussels.
2022, September, 6, 13:55:00
EUROPEAN GAS PRICES DOWN
Still, gas and electricity prices pared some of their large gains from earlier in the day as traders weighed the intervention plans.
2022, September, 6, 13:50:00
EUROPEAN ENERGY INFLATION
Benchmark energy futures fell after jumping on Monday, with Dutch front-month gas losing as much as 13% and German year-ahead power falling 11%.
2022, September, 6, 13:45:00
RUSSIAN NORD STREAM: ZERO
Russian flows of gas via the Nord Stream 1 pipeline, which runs under the Baltic Sea to Germany, remained at zero on Tuesday after Russia scrapped a Saturday deadline to resume flows following maintenance.
2022, September, 5, 14:35:00
EUROPEAN ENERGY CATASTROPHE
Gas prices surged more than 35% on Monday as traders reacted to Russia’s decision to keep its main gas pipeline shut indefinitely.
2022, September, 5, 14:25:00
EUROPEAN COLD WINTER
That should help to make future decision making easier. But it is not going to help keep us warm this winter or indeed even in winter 2024.
2022, September, 5, 14:00:00
BRITAIN'S NUCLEAR INVESTMENT
The GBP3.3 million funding through the Advanced Modular Reactor Research, Development and Demonstration (AMR RD&D) programme - part of the GBP385 million Advanced Nuclear Fund - will support the development of innovative nuclear technology in the UK, such as high temperature gas reactors (HTGRs).
2022, September, 2, 12:45:00
GERMANY ELECTRICITY PRICE DOWN
German year-ahead electricity futures plunged as much as 54% from Monday’s peak above 1,000 euros a megawatt-hour as the European Union considers various measures to intervene in the market to damp runaway energy costs crippling economies across the bloc.
2022, September, 2, 12:25:00
BRITAIN'S NUCLEAR INVESTMENT $0.8 BLN
This is part of the GBP1.7 billion of new direct government funding to develop a large-scale nuclear project announced in October.
2022, September, 1, 14:20:00
EUROPEAN RENEWABLE SHUTDOWN
Germany, which has the European Union’s biggest economy, and other countries intend restarting mothballed coal-fired power plants and extending the life of their nuclear power plants to reduce their reliance on Russian gas and coal following its invasion of Ukraine.
2022, September, 1, 14:15:00
EUROPEAN ENERGY MARKET GAP
The EU’s energy agency, Acer, has warned against tearing up the market structure. In a report in April, it said that the EU’s wholesale electricity markets work well under normal conditions, ensuring secure electricity supply.
2022, September, 1, 14:10:00
RUSSIAN GAZPROM'S RECORD
Gazprom's gas exports to Europe have slumped in 2022, but record high gas prices meant the company was still able to post record revenues and net profit for the first half.
2022, August, 31, 11:25:00
EUROPEAN CRAZY GAS PRICES
Asked if there are guarantees that Gazprom will restart gas flows via Nord Stream 1, the Kremlin's Peskov said: "There are guarantees that, apart from technological problems caused by sanctions, nothing hinders the supplies."