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Natural Gas
EU to Propose Crisis Measures to Curb Energy Price Spike
The European Union is set to unveil plans on Wednesday to skim off windfall profits from energy companies and impose cuts in electricity usage across the bloc. …
Oil Price
Will Germany Introduce a Windfall Tax on Energy Firms?
As rising energy prices and a new gas levy in Germany are expected to triple fuel bills for consumers from autumn, pressure is mounting on the government to int…
Natural Gas
EU Mulls Energy Price Cap for Certain Generators - Document
The European Commission’s upcoming proposals to tackle surging energy prices should include a price cap for certain power generators that do not run on gas.
Clean Energy Transition
Australian Energy Crisis Gives Rise to New Gas Supply Need
Energy prices rose 400% up to AU$40 per gigajoule.
France
Iberdrola Responds to Rumours of Terminating French Power Contracts
Energy price hikes have reportedly forced the energy giant to terminate contracts with thousands of its French customers
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…
Australia
Energy Prices Across Australia to Remain High Until 2026
Research from Cornwall Insight Australia’s Benchmark Power Curve (BPC)1, which looks at power prices up until 2042, has forecast that all states in the Nationa…
Crude Oil
BP Profit Triples on Soaring Energy Prices
Oil company reveals profits increased to a 14-year high.
Oil Price
South Africa Authorities to Cut Fuel Pump Prices From Wednesday
South Africa will slash the pump price of fuel from the middle of next week, aiming to ease the burden on consumers of soaring energy prices since the Ukraine w…
Shell Reports Record Profit of $11.5 Billion
Shell on Thursday reported a profit of $11.5 billion for the second quarter, beating expectations, lifted by strong refining profits and energy prices.
Companies Call for Energy Rationing
EDF, TotalEnergies and ENGIE have said energy price hikes “threaten political and social cohesion”
Natural Gas
“Nord Stream Reductions Will Increase Energy Prices Further”
Reduced gas flows via Nord Stream poses risks to European gas storage refill, according to a new report.
United Kingdom
UK’s Ofgem Proposes New Rules to Protect Customers Amid Soaring Energy Prices
Britain's energy regulator on Monday proposed new measures to protect consumers' money and prevent energy suppliers from charging high direct debit payments, a …
Offshore Wind Power
Reflections on the UK’s Energy Strategy
After Ofgem announced a 54% hike to energy price cap which took effect on April 1, the sound of the UK Government’s new energy strategy landing on desks acro…
Which Businesses Are the Worst Hit by Soaring Energy Prices?
Aviation, shipping and chemical industries will be the first to be hit hard by the soaring energy prices.
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