According to the Bruegel institute, Greece is the first among EU member countries in supporting housewives with subsidies reaching 3.6% of the country’s GDP, Energy Minister Kostas Skrekas told SKAI. He noted that €1.2 billion of the September subsidy will come from the new mechanism for recovering excess revenues from power companies, which go into […]
Tag: natural gas
Germany: Who benefits from the gas tax?
The additional burden on natural gas consumers may also benefit energy companies that are not at risk of bankruptcy. That is why the government will review it. The additional fee for natural gas, which will be borne by consumers in Germany from October 1 with the aim of supporting mainly the energy companies-importers of natural […]
Russia is wasting large amounts of natural gas by flaring it near the Finnish border
Russia is wasting large amounts of natural gas by flaring it near the Finnish border, while it has drastically cut deliveries to the European Union, scientists and analysts said on Friday, according to Reuters. Analysts at Rystad, a Norway-based energy consultancy, called the energy an environmental disaster and estimated that the amount of natural gas […]
Alarm in hundreds of thousands of apartment buildings: Communal ‘bomb’ is coming
About 600,000 households in many tens of thousands of apartment buildings, chose years ago to change the central heating burner by switching to natural gas. Back then, natural gas prices were up to 50% lower than their oil equivalents, and the payback of the “investment” for changing the burner, installation and connection to the grid […]
Bloomberg: The European policy of subsidizing electricity bills is at an impasse
European governments have already set aside about 280 billion euros to cushion the impact on businesses and households from soaring energy prices, but the aid risks deepening the crisis, according to Bloomberg. With Russia curbing natural gas deliveries and power plant outages further squeezing supply, wholesale energy prices have soared to more than 10 times […]
Natural gas prices exceeded 315 euros/megawatt hour, at a new high
Wholesale gas prices in the Netherlands and Britain rose to new record highs today on expectations of power outages in Norway in September, lower French nuclear output and uncertainty over Russian gas flows after the planned maintenance next week. The Dutch September delivery contract rose 15.95 euros to 315.95 euros per megawatt hour, a new […]
Natural gas also exceeded 315 euros
Wholesale gas prices in the Netherlands and Britain rose to new record highs today on expectations of power outages in Norway in September, lower French nuclear output and uncertainty over Russian gas flows after the planned maintenance next week. The Dutch September delivery contract rose 15.95 euros to 315.95 euros per megawatt hour, a new […]
Natural gas exceeded 320 euros
LAST UPDATE 19:40 Wholesale gas prices in the Netherlands and Britain rose to new record highs today in anticipation of power outages in Norway in September, lower French nuclear output and uncertainty over Russian gas flows after a planned maintenance next week. The European natural gas contract for September reached up to 323 euros megawatt […]
Germany ‘cuts’ natural gas
The goal is to save energy by 20% for this winter. The message of the Minister of Economy is clear: every contribution, every saving effort counts. From “August-winter” says the wise Greek people and this is the path Berlin chose to proceed with energy saving, by taking binding measures for autumn and winter. The cabinet […]
Germany: Headache for the natural gas industry
Inflation and especially gas supply constraints are causing headaches for the industry. An example from a factory that makes tiles. Even if Germany’s natural gas storage facilities are 75% full and Russia continues to supply Germany with even reduced gas, supplies for the winter may not be sufficient. Many branches of industry, such as the […]
