By Maria Tadeo The mayor of Vigo in Galicia, Spain has already started preparing for the town’s annual Christmas extravaganza. And this despite the effort of the Spanish government to reduce electricity consumption in cooperation with the European Union. Turning off the lights, the mayor argues, would give Vladimir Putin a victory if the holiday […]
Tag: electricity
Germany: 480 euro surcharge on households for electricity due to ‘natural gas levy’
The kilowatt hour will be increased by 2,419 euros from October 1 for residential and business customers, due to the so-called “natural gas levy”, the German Ministry of Economy announced today. According to estimates by the BILD newspaper, the levy could mean an additional burden of around 480 euros per year (excluding VAT) for a […]
Increased electricity prices ‘inflate’ the subsidy bill
By Haris Fludopoulos At a time when gas and electricity prices are on fire, inflated costs are translating into increases in electricity bills for end consumers. And this implies an additional need for significant increases in the September electricity tariff subsidies as well, i.e. above the 1.1 billion euros that will be allocated for August. […]
The electricity market is on a tightrope
By Haris Fludopoulos The electricity market is on a tightrope as the energy crisis and the jump in wholesale prices have sharply increased the costs of supply companies, but also the outstanding debts of customers, causing an acute liquidity problem to the extent that even the viability of businesses is threatened. In the past days, […]
Britain: New discount on electricity, the opposition bids
From October, consumers are expected to see an increase in their energy bills of up to 78%! The government is called upon to take relief measures and immediately. According to information, Finance Minister Nadhim Zahawi is moving in this direction, who is considering the possibility of reducing the ceiling on energy bills by 400 pounds. […]
German electricity at a record level – At 420 euros per megawatt hour
German electricity prices have risen to record levels, with the ongoing heat wave and drought severely limiting one of Europe’s main waterways for transporting energy supplies, Bloomberg reports. The summer heatwave is putting pressure on Europe’s energy system, while Russia is cutting gas exports to the continent. This is set to hit the finances of […]
Britain is drawing up plans for organized blackouts in January
Britain is drawing up plans for organized power outages to industry and households during the winter, when cold temperatures are likely to coexist with natural gas shortages, Bloomberg News reported yesterday, Tuesday. Reduced power generation capacity could account for 1/6 of peak power demand, according to the government’s latest “worst-case” scenario, even after the emergency […]
Britain: Plans for organized blackouts in January
Britain is drawing up plans for organized power outages to industry and households during the winter, when cold temperatures are likely to coexist with natural gas shortages, Bloomberg News reported yesterday, Tuesday. Reduced power generation capacity could account for 1/6 of peak power demand, according to the government’s latest “worst-case” scenario, even after the emergency […]
RAE: Electricity suppliers have complied with the advertisements of the new tariffs
The electricity suppliers have complied – except one – for the advertisements of the new electricity tariffs, as the Energy Regulatory Authority (RAE) states in its announcement. As RAE notes “in the event that the tariffs to be published on 20.8.2022 and their related entries are against the provisions of the law and the general […]
SOS is broadcast by electricity supply and generation companies
By Haris Fludopoulos Last week ESAI (Hellenic Association of Independent Power Producers) and ESPEN (Hellenic Association of Energy Suppliers) sent a letter-cry of anguish to the government addressed to the Minister of Environment and Energy Kostas Skrekas and the Deputy Minister of Finance Theodoros Skylakakis, underlining that “they are extremely critical conditions in the energy […]
