The non-application of the adjustment clause in the fluctuating electricity tariffs from August 1, 2022 to July 1, 2023 is provided by an amendment submitted to the Parliament by the Ministry of Environment and Energy. The “freeze” in the adjustment clause comes as a result of the operation of the new intervention mechanism for electricity […]
Tag: energy crisis
Britain: Retail petrol and diesel prices hit new high – Cost of living crisis intensifies
Retail petrol and diesel prices in the UK reached a new high on Thursday, intensifying pressure on the cost of living of British consumers, according to Bloomberg. The average price of gasoline reached 1.9022 pounds-pounds per liter, setting the cost of filling a 55-liter tank of a family car reaches 104.62 pounds, according to the […]
Alexander de Croes: The EU must form an energy bloc
There are no plans at the moment to hold an emergency EU summit in July to find ways to tackle rising gas prices, a European official said. “There are no plans,” he said when asked about information about holding an emergency summit next month. The official said that Italian Prime Minister Mario Draghi proposed in […]
Mitsotakis demands a ceiling on the wholesale price of natural gas in Brussels – Athens-Rome joint line
By Dimitris Gatsios In coordination with the other capitals of the European South regarding the need for joint responses and initiatives to the energy price rally and to inform the partners about the new challenges of Turkey, Athens is heading to the Summit of the “27” leaders in Brussels. The Prime Minister, who met late […]
EU: Turkey-Ukraine Summit kicks off with energy in focus
The leaders of the EU and the Western Balkans are meeting in Brussels today for a summit that will reiterate the region’s importance to the EU as their accession process is delayed. “We need to revitalize the enlargement process and promote the integration of our partners in the Western Balkans,” European Council President Charles Michel […]
Nuclear power is the future – and Bill Gates knows it
By Anjani Trivedi As energy security becomes a source of growing stress, it is clear that large-scale, reliable use of renewable energy sources remains a distant reality for many countries. This allowed a more controversial – but almost perfect – alternative to return: nuclear energy. The problem is that no one wants a reactor in […]
K. Mitsotaki Lunch with CEOs of Young Presidents’ Organization
Prime Minister Kyriakos Mitsotakis, accompanied by his wife Mareva Grabowski-Mitsotakis, attended a working lunch at noon attended by more than 40 CEOs and members of the Young Presidents’ Organization (YPO) of Southern California. YPO is an international business community featuring top CEOs of companies, up to 50 years old from around the world, while the […]
Spain: The government announced a new reduction of VAT on electricity
The Spanish government today announced a new reduction in VAT on electricity, to 5%, in order to reduce the effects of inflation, which has reached record levels, fueled by the war in Ukraine. “A year ago we reduced the VAT on electricity from 21% to 10%. In the next cabinet we will reduce it from […]
Solts: ‘Prerequisite for domination and prosperity’ is the energy transition
Chancellor Olaf Soltz thanked German companies for their support of the “difficult economic situation” and spoke of the “solidarity price we are ready to pay”. He described the energy transition as a “condition of sovereignty and prosperity”. Speaking at the German Industry Conference, Mr Soltz reiterated that “Ukraine belongs to Europe”, a belief which, he […]
Netherlands launches energy crisis plan – Lifts ceiling on lignite production
The Netherlands announced on Monday that it was launching the first phase of its plan to tackle the energy crisis and lift the ceiling on electricity generation from coal-fired power plants, in a bid to reduce its dependence on Russian gas in the wake of sanctions. of the West at the expense of Moscow over […]
