energy-market
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German Industry to Pay 40% More for Energy Than Pre-Crisis – Study Says
Date: January 30, 2023
FRANKFURT (Reuters) – German industry is set to pay about 40% more for energy in 2023 than in 2021, before the energy crisis triggered by Russia’s invasion of Ukraine, a study by Allianz Trade said on Monday, citing contract expiries and delayed wholesale pricing effects. “The large energy-price shock still lies ahead for European corporates,”...
Oil Mixed as Investors Weigh China Demand and U.S. Outlook
Date: January 24, 2023
By Mohi Narayan (Reuters) – Crude oil prices edged higher in Asian trade on Tuesday amid hopes of a fuel demand recovery from top importer China, although concerns about a slowdown in the U.S. economy capped gains. Brent crude was down 7 cents to $88.12 per barrel by 0715 GMT, after rising to a session...
EU’s Planned Reforms Aim to Better Protect Power Bills From Market Swings
Date: January 23, 2023
By Kate Abnett BRUSSELS (Reuters) – European Union proposals to overhaul its electricity market will attempt to better protect consumer energy bills from short-term swings in fossil fuel prices, the European Commission said on Monday. The EU is reforming its power market to attempt to avoid a repeat of last year, when cuts to Russian...
Oil Prices Hit 7-week High on Stronger China Outlook
Date: January 23, 2023
By Stephanie Kelly NEW YORK (Reuters) -Oil prices rose by around 1% on Monday to a seven-week high, extending last week’s gains on the back of a stronger outlook thanks to an expected economic recovery in top oil importer China this year. Brent crude was up $1.12, or 1.3%, at $88.75 a barrel at 1:14...
UK’s National Grid to Pay People to Use Less Power as Cold Snap Bites
Date: January 23, 2023
LONDON (Reuters) -Britain’s National Grid said it would pay customers to use less power on Monday and Tuesday evenings this week, the first time it has used a new scheme designed to help prevent power shortages. More than a million households and business are signed up to the Demand Flexibility Service (DFS), which rewards people,...
Massive IoT Enables Massive Opportunities for Utilities
Date: January 17, 2023
Massive IoT, alias massive Machine-Type Communications (mMTC), is already impacting multiple industries. From fleet management to environmental monitoring and smart grid management, to a host of consumer applications including smart watches, smart buildings and, ultimately, entire smart cities. It’s truly a worldwide phenomenon, aggregating the power of myriad sensors, connectivity, and data processing to create new...