energy-market
Top StoriesEU Considers More Action to Tame Energy Prices, Fix Liquidity Squeeze
Top StoriesEU Windfall Tax Would Cost TotalEnergies More Than 1 Billion Euros – CEO
Top StoriesFactbox-Reaction to UK’s Energy Support Package for Businesses
Top StoriesUK Government to Cap Energy Bills for Businesses – Bloomberg
Spain Readies System of Flexible Energy Use in Peak Hours
Date: September 20, 2022
MADRID (Reuters) – Spain will create a system allowing energy-intensive companies to disconnect from the grid for up to three hours a day during peak usage in exchange for compensation amid the European energy crisis, Energy Minister Teresa Ribera said on Tuesday. Industry Minister Reyes Maroto said on Monday the government could resort to forced...
Europe Pays up to Grab Russian Diesel Ahead of Difficult Winter
Date: September 20, 2022
By Rowena Edwards LONDON (Reuters) – European diesel buyers are willing to pay more for Russian cargoes than they were in May, as traders look to get their hands on supplies ahead of a difficult winter and global shortage of the fuel, industry sources said. The European Union will stop buying all Russian crude oil...
EU Proposes Windfall Levies on Energy Firms to Ease Price Pain
Date: September 14, 2022
By Kate Abnett BRUSSELS (Reuters) -The European Union’s executive plans to raise more than 140 billion euros ($140 billion) to shield consumers from soaring energy prices by skimming off revenues from low-cost electricity generators and making fossil fuel firms share windfall profits. The European Commission published the proposals on Wednesday as the 27-member European Union...
France Caps Energy Price Increase at 15% Next Year to Shield Consumers
Date: September 14, 2022
By Tassilo Hummel and Leigh Thomas PARIS (Reuters) -France will cap power and gas price increases for households at 15% next year, Prime Minister Elisabeth Borne said on Wednesday, to ease the pain of Europe’s worst energy crisis in decades on consumers. The caps will cost the state 16 billion euros ($16 billion) and prevent...
EU Will Propose Windfall Levies on Energy Firms, Von Der Leyen Says
Date: September 14, 2022
BRUSSELS (Reuters) – The European Union will propose measures to cap revenues from low-cost electricity generators and force fossil fuel firms to share the profits they make from soaring energy prices, European Commission President Ursula von der Leyen said on Wednesday. “In these times it is wrong to receive extraordinary record revenues and profits benefitting...
Europe Props up Energy Firms Amid Liquidity Crunch
Date: September 13, 2022
FRANKFURT/OSLO (Reuters) – More European energy companies have secured extra funds from governments and banks as soaring gas and power prices following Russia’s invasion of Ukraine have driven up margin call requirements and burnt up their cash. Several European governments had already announced measures to provide loans and guarantees to cash-strapped companies, before the European...