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Energy costs
Oil & Gas Supply
Europe’s Efforts to Shield Households From Soaring Energy Costs
Europe is facing a sharp rise in power bills driven by sky-rocketing gas prices, as war in Ukraine and European sanctions on Russia heighten concerns over the s…
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…
Energy Transition
UK Readies Competition in Onshore Electricity Networks
The competition aims to reduce energy costs and speed up connections.
United Kingdom
UK Automotive Manufacturers Face £90 Million Energy Cost Hike
Rising energy costs risk harming the UK automotive sector as manufacturers of vehicles and components face a £90m cost hike.
Hydrogen Technology
Hydrogen Blending in Gas Grid Would Lead to 'Limited CO2 Benefits and a Large Increase in Energy Costs': Irena
Adding green H2 to networks would equate to emissions abatement costs of more than $500 per tonne of carbon dioxide, study calculates.
Microgrid
Microgrid to Supply Clean Energy via Solar and Tesla Energy Storage Batteries
A Washington, D.C. university will install a microgrid on its campus in an effort to improve resilience, produce clean energy, and reduce its energy costs.
United Kingdom
Energy Costs Extremely Volatile After Russia Invades Ukraine
Cornwall Insight’s modelling for the Default Tariff Cap shows extreme volatility in the market, with Winter cap predictions jumping by over £200 from 23 Feb t…
Offshore Wind Power
Growth of Offshore Wind Energy Threatened by Planning Delays, Committee Told
Ireland’s plan to be a global player in offshore wind energy and to export green hydrogen is realisable but risks being derailed by planning delays, uncertaint…
Joe Biden
Biden Set to Push Plan to Lower Energy Costs
President Joe Biden will focus on bringing down consumer prices during his first State of the Union address on 1 March, in part by outlining plans to lower cost…
Oil Price
Asia Shares Skid, Oil Surges as Ukraine Tensions Smoulder
Asian share markets slid and oil surged on Monday amid warnings Russia was set to invade Ukraine, risking sanctions that could trigger a further spike in energy…
Crude Oil
Marathon to Receive Second Release from U.S. Strategic Petroleum Reserve
The U.S. Energy Department awarded a second batch of crude oil from the strategic reserve to Marathon Petroleum Corp. as part of the Biden administration’s eff…
Crude Oil
Biden Announces Global Effort to Ease Energy Costs
US president orders 50 million barrels of oil to be released from nation's strategic petroleum reserve
Crude Oil
China Begins Releasing Oil from Its Strategic Reserves
China is releasing some oil from its strategic reserves days after the U.S. invited it to participate in a joint sale, suggesting the world’s two biggest oil c…
Oil Price
Oil Prices Plunge into Close, Roiled by Inflation Fears
Oil prices slumped on Thursday, hit by a surge in the dollar after U.S. President Joe Biden said his administration was looking for ways to reduce energy costs …
Smart Grid
Black & Veatch to Design, Build Canada's First Electric 'Smart Grid'
Ontario project seeks to cut consumer energy costs, lower emissions and bolster electric grid's resilience, reliability
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