energy markets

The Energy Ministry of Greece plans to scrap a surcharge on electricity bills imposed by power companies. The move comes as part of government efforts to alleviate the impact of soaring energy costs on consumers.
  • June 29, 2022
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Market sources have questioned whether an upcoming UK government’s consultation on wholesale electricity market reform can deliver over the tight three-month time-scale intended on grounds that “previous electricity market reform took four years”.
  • June 25, 2022
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European Union countries are considering a one-year delay to the launch of a new European carbon market for buildings and transport, pushing back the start to 2027, as they seek a compromise on more ambitious climate policies, draft documents show.
  • June 19, 2022
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Germany will back Gazprom Germania (the energy business abandoned by Russia’s Gazprom in April) with a loan of close to €10 billion to help bolster the security of Europe’s energy supplies.
  • June 17, 2022
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In an about-turn, the President of the European Commission, Ursula von der Leyen, acknowledged that the EU’s electricity market “does not work anymore” and needs to be adapted to the “new realities of dominant renewables.”
  • June 16, 2022
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Ukrenergo is considering starting electricity exports to European countries as an opportunity to infuse the electricity market with additional liquidity and generate extra income. "Under martial law and active hostilities, the Ukrainian energy sector is struggling to maintain its pre-war financial indicators. Taking this into account, the start of electricity export could become an economically substantiated alternative to new borrowings and loans," the company said.
  • June 12, 2022
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