Asu

OPEC

OPEC Oil Cuts Bad for Global Economy, Treasury Secretary Janet Yellen Tells Financial Times

U.S. Treasury Secretary Janet Yellen said a decision by the OPEC+ grouping to cut oil production was "unhelpful and unwise" for the global economy, especially e…

Wind Turbine

Danish Company to Build World’s Tallest Onshore Wind Turbine

Vestas, a Danish wind energy firm, announced in September that it would be establishing an onshore wind turbine tower with a hub height measuring 199 meters.

Natural Gas

Europe's Crisis Measures to Tackle Energy Price Spike

European Union countries on Friday approved a package of emergency measures aimed at pulling down surging gas and power prices that are stoking inflation, hampe…

EU

EU Countries Eye Delay to Levy on Fossil Fuel Windfall Profits - Document

European Union countries are considering an option to delay by a year a levy on the windfall profits of fossil fuel companies, as they hunt for a deal on emerge…

Distributed Grid

Dutch DSOs Make Bold Moves to Tackle Grid Bottlenecks

Holland’s grid is at capacity. Bottlenecks have been appearing in Dutch cities and to expand grid capacity Liander and Stedin – two DSOs – have announced dif…

Energy Storage Battery

EC Announces €19.8MN for Croatian Grid Balancing Batteries

The European Commission has approved, under EU State aid rules, a €19.8 million Croatian aid measure aiming to help with the procurement and installation of gr…

Carbon Emissions

Swiss Could Hit CO2 Target With $156 Billion Package-Study

Switzerland could hit the target of halving carbon emissions by 2030 via a package of measures that would cost around 150 billion Swiss francs

EU

Emergency Measures on Electricity Market: Avoid a Patchwork That Undermines Renewables Investments

The European Commission has proposed new rules that would cap the price of wind energy and other so-called inframarginal power generation at €180/MWh.

Natural Gas

EU to Propose Crisis Measures to Curb Energy Price Spike

The European Union is set to unveil plans on Wednesday to skim off windfall profits from energy companies and impose cuts in electricity usage across the bloc. …

Germany

Germany to Subsidise Basic Level of Power for Homes, Businesses - Ministry Paper

Germany plans to subsidise a basic level of electricity usage for households and set aside cheaper power for small and medium-sized businesses, according to mea…

Oil Price

Will Germany Introduce a Windfall Tax on Energy Firms?

As rising energy prices and a new gas levy in Germany are expected to triple fuel bills for consumers from autumn, pressure is mounting on the government to int…

Natural Gas

Netze BW Releases Gastacho Gas Speedometer

EnBW subsidiary Netze BW has announced the ‘Gastacho’, an online tool for private households to measure their gas use.

EU

EU Approves €110M Austrian Scheme to Support Agri-Producers Hit by Rising Energy Costs

The measure will be open to companies active in the primary agricultural production sector that have been affected by the increase in energy prices, fertilisers…

Natural Gas

Germany Likely to Miss Gas Storage Target Without Additional Measures

The energy crisis could be worsened, the German gas regulator has said

Smart Meter

CEDIS Extends AMI Project With 20,000 Smart Meter Replacements

Montenegrin Electric Distribution System (CEDIS) has started work on an extended phase three of the modernisation of their electricity consumption measurement (…