energy-market
Top StoriesUK to Examine Petrol and Diesel Market in Depth
Top StoriesExplainer-Why a French Plan to Take Full Control of Edf Is No Cure-All
Top StoriesUK Oil Sector Secures Changes to Windfall Tax, Seeks More Amid Gov’t Chaos
TechnologyThe State of Play of Artificial Intelligence in the Electricity Sector
French PM Says Cost of Living a Priority, Urges Opposition to Help Pass Reforms
Date: July 6, 2022
By Dominique Vidalon and Michel Rose PARIS (Reuters) -French Prime Minister Elisabeth Borne said on Wednesday her minority government wanted to reform pensions, nationalise the main utility EDF and shield citizens from raging inflation, urging the opposition to work with her to avoid policy gridlock. President Emmanuel Macron’s centrist alliance lost its absolute majority in...
Forward Curve Sets Contract Highs Over Gas Questions
Date: July 6, 2022
PARIS (Reuters) -European forward curve power prices reached contract highs on Wednesday as the German labour union Verdi called for Berlin to step in quickly to rescue utility Uniper, and Germany said there are no plans to pass on higher energy costs to consumers. In France, the government is aiming for a full nationalisation of...
Britain’s Energy Security Bill Set to Become Law
Date: July 6, 2022
By Nina Chestney LONDON (Reuters) – The British government said on Wednesday that plans to bolster the country’s energy security, diversify away from fossil fuels and protect consumers from spiralling prices are set to become law. Britain’s energy security bill will be introduced to Parliament on Wednesday and includes 26 measures to reform the energy...
Resumption of Deliveries to Europe Boosts Venezuela Oil Exports -Data
Date: July 6, 2022
By Marianna Parraga and Mircely Guanipa (Reuters) -The first Venezuelan crude cargoes sent to Europe in two years helped lift the OPEC nation’s oil exports by 61% last month after a series of setbacks earlier in the year, tanker tracking data and documents from state-run PDVSA showed. Italy’s Eni and Spain Repsol started taking Venezuelan...
Greece Launches More Energy Subsidies to Curb ‘unbearable’ Power Costs-Minister
Date: July 5, 2022
ATHENS (Reuters) – Greece will extend subsidies to power bills at a cost of more than 700 million euros in July to shore up households and businesses following many months of rising energy prices, its energy minister said on Tuesday. Greece, like many other EU countries, is wrestling with a sharp rise in power bills...
Curve Lifted by Gas Market Uncertainty
Date: July 5, 2022
FRANKFURT (Reuters) – European power curve prices increased on Tuesday on uncertainty about gas supplies from Russia. The latest rises, with a risk of further increases, follow news that Germany is preparing to buy stakes in energy companies struggling with soaring prices of imported gas. “The (Dutch) TTF gas price continues to provide upside risk,”...