Price control starts April 1 The proposals are subject to statutory consultation Should increase the use of renewable energy Green energy would be supported by nuclear, hydrogen LONDON, Nov 30 (Reuters) – Britain’s energy watchdog has proposed price controls for electricity distribution companies for the next five years, which it says will boost investment in …
UK energy watchdog proposes electricity price checks Read More »
First full budget of Meloni’s new government Most of the funds are intended to help with high energy bills Windfall Energy Tax, Welfare Cuts Expected ROME, Nov 20 (Reuters) – Italy’s new right-wing government plans to announce some 30 billion euros in new spending on Monday in a budget for next year, mainly focused on …
The Italian government’s new budget will increase spending to tackle the energy crisis Read More »
ECB review of price betting risks follows Uniper bailout Examination exposes multi-trillion transactions to rare scrutiny Regulators concerned about risk to financial stability FRANKFURT, Nov 10 (Reuters) – The European Central Bank is examining the use of derivatives by energy companies to make huge bets on future electricity and fuel prices, to see if such …
Includes 31 billion euros of expected gas losses Uniper has drawn 14 billion euros from KfW credit lines Russian unit attracts interest from potential buyers Shares down 3% FRANKFURT/DUESSELDORF, Nov 3 (Reuters) – Soon-to-be-nationalized gas importer Uniper (UN01.DE) reported a record net loss of 40 billion euros ($39.3 billion), among the biggest in the world. …
‘Massive scars’: German Uniper posts record net loss of 40 billion euros Read More »
EU offers 1.5 billion euros per month to lead Ukraine in 2023 Berlin to host October 25 conference for long-term reconstruction EU divided over more Russia sanctions, asset seizure and war tribunal BRUSSELS, Oct 21 (Reuters) – The European Union will pay Kyiv 1.5 billion euros a month in 2023 to help lead Ukraine in …
EU to give Kyiv 18 billion euros next year to help run Ukraine Read More »
PRAGUE/BRUSSELS, Oct 12 (Reuters) – The European Union will unveil proposals next week to launch joint gas purchases within months and develop an alternative gas price benchmark, but a meeting of EU countries on Wednesday declined to determine whether the package would include a gas price cap. The 27-nation EU is preparing its next move …
