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Winter 2023-24 price cap forecasts fall further below EPG, but long-term prospects remain uncertain
The latest forecasts for the Default Tariff Cap (price cap) released by Cornwall Insight, have shown energy bill predictions for a typical household1 have falle…
Solar Power Plant
Niger 14326 Households Benefited From Solar Energy Infrastructure
Solar energy plays an essential role in all stages of the agri-food value chain, from production to processing and storage, to increase productivity and income,…
Electricity Trade
Drop In Wholesale Energy Prices Sees Price Cap Predictions Fall Below the Energy Price Guarantee for Second Half of 2023
The latest forecasts for the Default Tariff Cap (price cap) released by Cornwall Insight, have shown energy bills for a typical household are predicted to be be…
Hydropower Plant
Borealis Signs Power Purchase Agreement With Verbund to Supply Austrian Operations With Hydropower
Borealis and VERBUND have signed a ten-year power purchase agreement to supply a yearly 220 GWh of hydropower – reportedly comparable to the amount of ene…
Energy Subsidies
UK Government Borrows £22BN to Fight Energy Crisis
That’s according to official data from the ONSImage: Deatonphotos / ShutterstockSupporting UK households with paying their energy bills this year saw the …
Electricity Transmission
UAE Supplies Domestic Generators to Ukraine to Cope With Severe Winter Weather and Insufficient Power Supply
Agence Agency Abu Dhabi, December 24, 2022, today, the United Arab Emirates announced that it would deliver about 2500 household generators to civilians affecte…
Offshore Wind Power
Vattenfall Increases Capacity of Norfolk Offshore Wind Zone (UK) To 4.2 GW
The Swedish energy company Vattenfall has announced it will increase the capacity of the Norfolk Offshore Wind Zone off the UK’s coast from 3.6 GW to over…
Oil Price
Energy Suppliers Face Over £1.9bn Of Debt As Households Struggle To Pay Their Bills
A new report from Cornwall Insight and Complete Strategy – ‘Bad debt and energy suppliers: A systemic risk' – has shown domestic energy su…
LNG
German Energy Regulator Urges Consumers To Save More Gas
Households must reduce gas consumption by 20%, more than they’re currently doing, to avoid shortages in coming months, Bundesnetzagentur warns.
Energy Saving
Reduced French Energy Consumption Largely Owing to Mild Weather, Says Govt
Energy saving measures by households and businesses accounted for only a small amount of a reduction in French electricity consumption in November, most of whic…
United Kingdom
UK’s Ofgem Says Household Energy Bills to Rise to Nearly $5,200/Year
British energy regulator Ofgem said its price cap for average household energy bills would rise by about 21% to 4,279 pounds ($5,170.74) a year from January to …
Wind Power Project
Vena Energy’s 47MW Wind Project in Japan Goes Online
It can provide energy to around 22,000 households yearly.
Natural Gas
Germans Face More Power and Gas Price Hikes in January - Portal
Many German households face another 50%-plus hike in power and gas supplies in January due to the lag in suppliers passing on higher wholesale market prices and…
Czech Republic
Czech Lawmakers Back $3.4 Billion Power Revenue Cap Plan
The Czech lower house of parliament on Friday approved a government plan to cap revenues of power firms as part of efforts to fund measures to ease the burden o…
Net Zero Emission
COP27: India Lays Out Plan for Long-Term Decarbonization
India will prioritize a phased transition to cleaner fuels and slashing household consumption to achieve net zero emissions by 2070.
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