electricity price

The Australian government has announced that it is funding new large scale batteries to deliver Australian households and industry reliable and affordable electricity. Through the Australian Renewable Energy Agency (ARENA), the Australian government is providing $100 million in grants for large-scale battery energy storage projects of 70MW or larger to provide essential system stability services to the electricity grid.
  • December 24, 2021
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Renewable energy projects across Great Britain can now bid for funding in the 4th round of the Contracts for Difference (CfD) scheme, which is aiming to secure 12GW of electricity capacity - more renewable capacity than the previous 3 rounds combined. The additional offshore wind capacity resulting from the funding alone could generate enough electricity to power around 8 million homes.
  • December 13, 2021
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In September 2021 and October 2021 (till date) alone, 14 suppliers serving over 2 million customers have ceased operations in the UK. Bohemia Energy, serving over 900,000 electricity and gas customers in the Czech Republic terminated its services with immediate effect on 13 October 2021. The wholesale electricity prices have increased by over 200% compared to 2019. Why are power prices surging in Europe? The European Energy Crisis: How did we get here and where do we go from here?
  • October 19, 2021
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Electricity price forecasting is a highly complex process that depends on numerous variables including demand, transmission conditions, weather forecasts, government regulations, market conditions, financial speculation, and more.
  • January 26, 2021
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TenneT, Sonnen, and Vandebron joined forces with IBM for two pilot projects in blockchain technology for managing the electricity grid in the Netherlands and Germany. Vattenfall has come out with Enerchain that focuses on the execution of bilateral trade of physical electricity and gas within Europe and now collaborates with 23 key power companies. What does this mean for the future of Energy trading? Will blockchain make it easier and economical for numerous distributed energy resources to participate freely in the grid?
  • January 26, 2021
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European energy market is witnessing a paradox of sorts. The curious case of a disconnect between decreasing renewable energy prices and the wholesale electricity market that shows a steady uptick at €21.6 per 100 kWh, according to Eurostat.
  • January 26, 2021
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