energy-market
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Explainer-How Could Europe Cap Surging Energy Prices?
Date: August 30, 2022
By Vera Eckert and Kate Abnett FRANKFURT/BRUSSELS (Reuters) – The European Union is preparing an emergency plan to separate power prices from the soaring cost of gas – as well as longer-term reforms aimed at ensuring electricity prices reflect cheaper renewable energy. Energy ministers from EU countries will meet on Sept. 9 to discuss how...
EU Sets Sights on Energy Market Reform as Prices Soar
Date: August 30, 2022
By Kate Abnett BRUSSELS (Reuters) -The European Union is drafting emergency plans to intervene in its energy market as pressure grows from member states to put a lid on surging electricity prices. European Commission chief Ursula von der Leyen on Monday said that Brussels was preparing an intervention to separate power prices from the soaring...
Eex Markets to Remain Open as Power Prices Soar – Statement
Date: August 30, 2022
FRANKFURT (Reuters) – The European Energy Exchange said on Monday the bourse would remain open in its transparent price-setting role following significant power price volatility since the end of last week. Concerns that Russia will further curb gas flows to Europe, technical and weather-related issues at French nuclear plants, as well as drought hitting coal...
Belgium Supports Energy Price Caps, Suspending Trading in EU Power Crunch
Date: August 29, 2022
BRUSSELS (Reuters) – Belgium has backed introducing price caps for European Union’s gas and electricity hubs, as well as suspending trade in case of “irrational market behaviour”, according to a note seen by Reuters on Monday. The 27-nation EU is looking for ways to tackle soaring energy prices, including discussing price caps for markets spooked...
Funds From Electricity Levy Could Help German Households, Says Renewables Association
Date: August 26, 2022
BERLIN – A multi-billion-euro account fed by a now-suspended surcharge on electricity prices could be used to provide German households facing high energy bills with 400 euros each in financial relief, according to the head of the BEE renewable energies association. Germany is looking for ways to help energy companies remain solvent as supply prices...
Factbox-How Far Are UK Energy Bills Set to Rise and What Help Are Consumers Getting?
Date: August 26, 2022
LONDON (Reuters) – Britain’s energy regulator Ofgem said on Friday the cap on domestic energy prices would rise to 3,549 pounds ($4,188.17) a year from the start of October due to soaring wholesale costs, increasing pressure on already-stretched household budgets. PREVIOUS AND FORECAST PRICE CAP LEVELS The price cap has more than tripled in the...