European gas prices are on course for a third weekly gain as continued worries about Russian supply raise the risk of shortages, Bloomberg reports. Dutch natural gas futures, the European benchmark, are 5.9% higher this week, adding to last week’s rise when Moscow cut supplies through the main Nord Stream pipeline to just 20% of […]
Tag: energy crisis
Germany: One in six at risk of poverty
One in six people in Germany were threatened with poverty last year, with single-parent families and one-person households particularly vulnerable. Concern is growing in the face of winter and the evolving energy crisis. According to the Federal Statistical Service, in 2021 approximately 13 million people or 15.8% of the population were at risk of slipping […]
Spain: First energy saving measures
Air conditioners at 27 degrees, heating at 19 and teleworking are some of the measures that Madrid is launching to contribute to the European effort to save energy. “Emergency measures” to save energy were launched by the Spanish government in response to the joint decision of the EU member states to limit the consumption of […]
Government: Assurances for continuous support of Society and Economy through budgeting
By Niki Zorba The signals sent by the Government for continuous support of Society and Economy in the face of the crisis, the “invasion” that the country receives from imported inflation, as characteristically stated by the Prime Minister from Kefalonia, where he toured yesterday. Energy shielding of the country and exhaustion of the fiscal margin […]
Germany: At 69% the completeness of natural gas reserves
Germany’s natural gas tanks are 69% full ahead of winter, while German households are already saving energy. Providers, however, are preparing to pass on the increased costs to their customers. According to the head of the Federal Network Agency Klaus Müller, natural gas storage has reached 69%, despite the much reduced volume that Russia is […]
The G7 is considering ways to impose a cap on Russia’s oil profits
The Group of Seven (G7), through which the Kremlin is financing the war against Ukraine, is considering ways to strengthen stability in the global energy market and to limit Russia’s profits from soaring energy prices. In particular, with regard to the second goal, the G7 is considering ways to block the transfer of Russian oil […]
JP Morgan: ‘Bull’ for US stocks, ‘Bear’ for Europe – Recession certain in the Eurozone, with or without a report
By Eleftherias Kourtalis JP Morgan sees “opposite lives” for US and European stocks. The US bank sees opportunities in US stocks where it estimates that despite the recent rally and significant de-rating the risk-reward profile is attractive, while predicting that the economy will manage to avoid recession despite weak data of the last two quarters. […]
RAE warning about misleading advertisements from electricity suppliers
RAE has detected misleading advertisements from Electricity Suppliers in relation to the subsidies for electricity bills granted by the State through the Energy Transition Fund and warns that on Thursday 4 August 2022 it will publish these cases on its website. Specifically, the Authority states: “Taking into account that the subsidy in question of consumers’ […]
The Spanish sun as a factor of economic growth
Anyone who has traveled to Spain is amazed by the numerous rooftops with solar panels. The country has 3,000 hours of sunshine a year. Germany has just 1,600 hours. Malaga, Murcia and Alicante are among the eleven Spanish cities with the most sunshine in Europe, according to a study by the Spanish Photovoltaic Union (UNEF). […]
The new electricity price lists effective from today – Last minute revisions
The regulation of the Ministry of Environment and Energy brought about last-minute adjustments to the electricity tariffs that apply from today for the whole of August, with which a ceiling was placed on the fixed charges of 5 euros per month and at the same time the indirect application of the adjustment clause was prohibited. […]
