Fire at Key U.K. Power Converter Knocks Out Link to France
A large fire at a key electricity converter station in the U.K. has shut down a major cable that brings power from France, worsening Britain’s energy crunch. Gas and power Continue Reading
Senate Republicans Vow to Block Treasury Nominations Until Nord Stream II Firm Is Sanctioned
Senior Senate Republicans on Monday threatened to indefinitely hold up the nominations of five top Treasury Department officials if the Biden administration doesn’t blacklist the firm managing Russia’s Nord Stream Continue Reading
Spain to cut energy tax, cap gas prices to curb soaring electricity bills, PM says
Spain will impose caps on gas prices and cut its special electricity tax to 0.5% from 5.1% as part of a package of measures to bring down soaring energy prices, Continue Reading
Europe’s Energy Crisis Shows the Downside of Fossil Fuels
High Gas Prices Today Are a Problem for Europe: Enel CEO The global rise in energy prices shows, in a way, what a chaotic transition to greener power looks like. Continue Reading
Poland Wants to Detail EU Role in Surging Electricity Prices
Facing a steep and unpopular increase in power prices, the Polish government wants electricity invoices to specify the additional costs households face due to European Union climate policies. The bloc’s Continue Reading
European Gas Notches Fresh Records as Supply Woes Mount
Sept. 3: High gas prices are a problem for Europe, says Enel’s CEO. Natural gas prices in the U.K. and the Netherlands soared to record highs as concerns over tight Continue Reading
Nord Stream 2 In Limbo As Germany Prepares To Decide On Key License
Germany’s federal networks regulator BNA said on Monday it would decide no later than January 8, 2022 whether it will certify Nord Stream 2 and issue an operating license for Continue Reading
Hit to oil output from Ida overshadows demand impact, says Goldman
A senior U.S. envoy said on Saturday he had delivered reassurances to Ukraine and Poland on mitigating any threat posed by Russia’s Nord Stream 2 gas pipeline, but that the Continue Reading
U.S. reassures allies over Nord Stream 2 but says it’s a ‘reality’
A senior U.S. envoy said on Saturday he had delivered reassurances to Ukraine and Poland on mitigating any threat posed by Russia’s Nord Stream 2 gas pipeline, but that the Continue Reading
Britain announces biggest auction round in renewable energy scheme
The British government announced on Monday the biggest auction round of its renewable energy scheme, hoping to build up enough extra offshore wind capacity to power about 8 million homes. Continue Reading