Following the EU sanctions on refinery technology, importers expect higher prices even in the event of a possible total loss of Russian oil products, but no bottlenecks. Russia exports eight to 10 million tons of petroleum products to Germany annually, mainly diesel and, to a lesser extent, heating oil, Hans Wenck, managing director of the Foreign […]
According to the Federal Network Agency, the failure of the current security of supply report of the European power grid operators (Europe.Table reported) has “no further impact” on Germany, as a BNetzA spokesman announced on Thursday in response to a query. The day before, the European regulatory agency ACER had not approved the first “resource […]
In strong words, the regulatory agency ACER has rejected a report by European power grid operators assessing supply security. Misjudgments in the report threatened electricity consumers with higher costs, the Agency for the Cooperation of Energy Regulators (ACER) announced on Wednesday.The flawed report means there are no reliable, up-to-date forecasts of whether there will continue […]
Due to high electricity prices, many energy producers are currently making high profits. The EU Commission is now preparing recommendations on how member states could additionally tax some of the profits. The money raised could then flow back to households and companies. The recommendations can be found in the Commission’s draft communication on energy prices, […]
In the gas crisis, the EU Commission does not raise hope that the situation will ease soon. “Gas and electricity prices will remain high and volatile until at least 2023,” the authority writes in a draft communication on energy prices obtained by Europe.Table. Commission Vice President Frans Timmermans plans to present the final version of […]
In response to rising energy prices, new proposals for far-reaching market intervention were voiced on Tuesday. The EPP group in the EU Parliament proposed a safeguard clause in emissions trading. The German Ministry for Economic Affairs, on the other hand, wants to push ahead with the reorganization of the electricity market and is calling the […]
Tenders for offshore wind farms should include sustainability criteria in the future, according to the European Parliament. “The European Parliament recognizes that for the transition to clean energy, sustainability and the carbon footprint of the entire value chain must be taken into account when offshore wind and other energy technologies are used,” reads the resolution […]