Of X.Mars Floudopoulos Next week (the most optimistic scenario) or within 15 days from today, the announcements about the national plan for the absorption of the increase in electricity that will be presented by the government are placed in time. The issue was discussed yesterday at the government meeting under the Prime Minister, but there […]
Tag: energy market
G. Economou: Interventions are coming for a big reduction of the electricity bills
The decisive intervention that will be announced soon and will have the result that all consumers will see horizontally, smaller electricity bills for a long time, said again the government spokesman, Giannis Oikonomou in a TV interview with Mega. “All the previous time there has been a support from the government, which mainly gave to […]
The Ministry of Energy met today for an extraordinary meeting on the method of payment for natural gas
The government and the energy market expect a united European stance on payments to Gazprom for the gas market and clarification of the model of payments that does not violate the framework of European sanctions against Russia, from today’s extraordinary meeting of the Council of Energy Ministers, in Brussels. Sources from the Greek energy companies […]
Hungary: EU should avoid Russian energy sanctions
Hungary has reiterated its opposition to extending European Union sanctions against Russia on energy, with a high-ranking official warning that such a move would hurt Member States more than Moscow, according to Bloomberg. The EU is set to propose a ban on Russian oil by the end of the year due to its war in […]
Industry intervention for energy market reforms
Of Thanks to Floudopoulos The conditions prevailing in the Greek electricity market do not allow suppliers and large consumers of electricity to hedge the risk of a sharp rise in prices, unlike what happens in other markets in Europe. This is pointed out, among others, by the Association of Industrial Energy Consumers (EVIKEN), which represents […]
Britain: Rising energy prices next winter will be ‘horrible’
Rising energy prices next winter will be “horrific” and could plunge 30 to 40% of British consumers into energy poverty, energy companies warned today, urging Downing Street to take action. “During the summer, consumption (of British households) will decline, so managing bills will be easier,” but with further increases expected in October for individuals, the […]
Germany: The Minister calls for a reduction of energy consumption by 10%. Economy
The German government wants to get rid of Russian oil and gas – which is why it is calling on all Germans to save energy. Economy Minister Robert Habeck (Greens) calls on all German citizens to immediately reduce energy consumption by 10%. For example, Habeck suggested to the Funke newspapers that people could leave their […]
Spanish proposal for a ceiling at the wholesale price of electricity
Of Thanks to Floudopoulos The Spanish government has reportedly submitted a proposal to the European Commission to reduce wholesale electricity prices without causing a budgetary burden, as part of another initiative by a European Union member state to tackle the energy crisis. The central idea of ​​the proposal is that gas-fired power plants will be […]
Rising gas prices in the shadow of the Russian ultimatum
Of Thanks to Floudopoulos In the wake of developments with the Russian ultimatum to repay Moscow’s gas exports in rubles, the price of fuel has come under new upward pressure. It is characteristic that last Friday the price of TTF was up to 133 euros / MWh to then fall to 112 euros / MWh. […]
In the Eurogroup measures-embankment to be exact
Of Tasos Dasopoulos Closer to joint European action to tackle the energy crisis, but also food inflation, are the “anti-sanctions” that Russia is preparing to implement on food and fuel. The first topic of discussion for the Eurozone finance ministers in Luxembourg will be the assessment of the effects of the war on European economies. […]
