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Ørsted expects EBITDA excluding new partnership agreements of DKK 21.1 billion for 2022
Ørsted presents operating profit (EBITDA) for 2022 based on preliminary and unaudited reporting.It has been a year with unusual market conditions, not le…
Wind Farm
Delays to Onshore Wind Investment Increase Long-Term Power Prices in Ireland
Data from Cornwall Insight Ireland’s fourth - ‘All-Island Power Market Outlook to 2030’ – has forecast that energy prices will not retur…
Electricity Trade
Drop In Wholesale Energy Prices Sees Price Cap Predictions Fall Below the Energy Price Guarantee for Second Half of 2023
The latest forecasts for the Default Tariff Cap (price cap) released by Cornwall Insight, have shown energy bills for a typical household are predicted to be be…
Oil & Gas Trade
Exxon Sues EU in Move to Block New Windfall Tax on Oil Companies
Record profits by oil companies benefiting from high energy prices have boosted inflation around the worldExxon said it will factor in the tax as it considers f…
Electricity Transmission
UK to Extend Its Energy Price Support Scheme to Non-domestic Customers
The sun sets behind an electricity pylon, as fog develops, near Petersfield, Britain, December 1, 2022. REUTERS/Toby MelvilleDec 29 (Reuters) - The UK will exte…
Italy
New Italian Government’s Budget to Boost Spending to Fight Energy Crisis
Italy's new right-wing government plans to announce some 30 billion euros in new spending on Monday in a budget for next year, mainly focused on curbing the imp…
Oil Price
Iraq Wants Stable Energy Prices, Prime Minister Says
Iraq is keen to maintain stable oil prices at not more than $100 per barrel, Prime Minister Mohammed Shia al-Sudani told reporters on Saturday.
Exxon's Third-Quarter Record Profit Surges on Higher Energy Prices
The Texas-based company posted a net profit of $19.66bn for the three months to September 30.
Australia
Australian Energy Minister Does Not Rule Out Price Caps
Australia's Energy Minister Chris Bowen said on Friday the country could not rule out energy price caps, as it deals with rising fuel costs.
High Energy Prices Force the World’s Largest Chemicals Company to Downsize
The world’s biggest chemicals company, Germany-based BASF, will seek permanent cost-saving measures in Europe due to the high energy prices endangering its com…
Crude Oil
World Bank: Energy Prices Set to Decline in 2023 After Sharp Rise in 2022
The World Bank has predicted that energy prices will decline by 11% in 2023 after having surged 60% in the current year following the war in Ukraine.
Solar Power Plant
A Quarter of Europe’s Solar and Battery Manufacturing Capacity Is at Risk
Soaring energy prices are threatening Europe’s renewable supply chain.
United Kingdom
UK Energy Price Cap ‘Could Soon Be Scrapped’
Officials are considering scrapping the price cap when the UK government’s energy bill package ends in October 2024.
20th CPC National Congress
20th CPC National Congress | China’s Energy System Withstands Tests of COVID-19, Global Volatility
China's energy supply system has withstood the tests of the COVID-19 epidemic and major natural disasters, and effectively cushioned the impact of volatile inte…
Natural Gas
EU Leaders May Back New Gas Price Benchmark, Document Shows
European Union country leaders may support plans to launch a new gas price benchmark at a meeting next week, as they seek to curb energy prices for consumers an…
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