energy-market
Top StoriesUK Regulator Wants Quarterly Consumer Energy Price Cap Adjustments
Top StoriesBarclays Warns of Sub-Parity Euro, 5 Ppt GDP Hit if Russia Turns Off Gas Taps
Top StoriesRwe Expects Clarity Soon on Russian Gas Payment as Deadline Nears
Top StoriesIn U-Turn, Iea Sees World Weathering Lost Russian Oil Supply
The Inflation Quirk That Is Costing Spain Billions
Date: May 12, 2022
By Belén Carreño and Sergio Goncalves MADRID/LISBON (Reuters) – Surging energy prices pushed Spanish inflation to a peak of just under 10% in March, the highest in the euro area and nearly double the 5.3% in neighbouring Portugal – despite the fact the two Iberian economies share a wholesale electricity market. The disconnect lies in...
Veolia Protected From Inflation via Indexed Water Contracts
Date: May 12, 2022
PARIS (Reuters) – French water and waste group Veolia is shielded from the resurgence of inflation as its water contracts are indexed to the cost of living, CEO Antoine Frerot said, as the company reported first-quarter results. Consolidating for the first time the activities of former rival Suez, which it bought in April 2021, Veolia’s...
UK’s National Grid Wins Approval for 200 Million Stg Early Payment to Consumers
Date: May 11, 2022
LONDON (Reuters) – Britain’s energy market regulator Ofgem said on Wednesday it has approved National Grid’s request to make an early payment of 200 million pounds ($246.9 million) to consumers to help reduce household energy bills. Payments will be carried out over the next two years rather than at the end of the standard five-year...
Norway to Ramp up Offshore Wind in Drive to Go Green
Date: May 11, 2022
By Nora Buli OSLO (Reuters) – Norway unveiled plans on Wednesday for a major expansion in offshore wind energy by 2040, aiming to turn a country that has built its wealth on oil and gas into an exporter of renewable electricity. The centre-left government, which has come under fire from environmentalists for continuing to support...
Germany Prepares Crisis Plan for Abrupt End to Russian Gas – Sources
Date: May 10, 2022
By John O’Donnell BERLIN (Reuters) -German officials are quietly preparing for any sudden halt in Russian gas supplies with an emergency package that could include taking control of critical firms, three people familiar with the matter told Reuters. The preparations being led by the Ministry for Economic Affairs show the heightened state of alert about...
Exclusive-Germany Prepares Crisis Plan for Abrupt End to Russian Gas – Sources
Date: May 9, 2022
By John O’Donnell BERLIN (Reuters) – German officials are quietly preparing for any sudden halt in Russian gas supplies with an emergency package that could include taking control of critical firms, three people familiar with the matter told Reuters. The preparations being led by the Ministry for Economic Affairs show the heightened state of alert...