Germany urged to embrace radical โnodalโ electricity market
Opt for ambitious overhaul or suffer from higher bills, warn government advisors
Opt for ambitious overhaul or suffer from higher bills, warn government advisors
In today’s edition: Russian LNG, magnets, Norway
EU regulator says flawed assumptions downplayed benefits of German-Luxembourg bidding zone split
EU competition chief Teresa Ribera is due to announce a policy reversal on Wednesday.
A leaked memo reveals unease in Germanyโs economy ministry.
Friedrich Merz’s new administration promises tax cuts, energy price reductions and a blitz of public-private investment funds.
Octopus Energy boss Greg Jackson says he knows how to bring down bills. Others claim his ideas will starve the U.K. of green investment.
To avoid future electricity price hikes, the German government is looking to reverse the liberalisation of its electricity market and move towards a more interventionist approach with the establishment of fixed-price capacity markets.
* South Korea’s KHNP preferred to France’s EDF * KHNP to build two new units, more possible * Prague plans to sign deal with KHNP in Q1 next year * For a FACTBOX on KHNP’s winning bid, click here (Adds electricity price detail, KHNP comment, background…
LONDON โ Claire Coutinho has promised to cut your energy bills. But she could end up hiking your neighborโs in the process. The U.K. energy secretary is mulling sweeping reforms to the electricity market which, advocates say, could reduce bills by billions of pounds over the next 15 years. But critics warn the proposals could [โฆ]
The electricity price is set by the most expensive generating asset, but uncoupling the two would be very complicated
In a plea to coalition partners and the European Commission, German Economy Minister Robert Habeck (Greens) called for more subsidies to secure industrial production and jobs.
Xlinks project seeks 25-year contract with government to guarantee a fixed electricity price
Germanyโs regional chiefs descended on Brussels to seek support on contentious political and economic issues from European Commission President Ursula von der Leyen, who may in turn take the opportunity to ensure their support for her second term.
The extra pots of cash are used for major spending, but hide a ballooning debt.
The German government coalition is split on whether or not to subsidise electricity prices for energy-intensive industries, such as chemical industries and steel, with Chancellor Scholzโs own Social Democrats party turning against his position.