Suppliers who took part in the first tender round offered more than 13.4 billion cubic metres (bcm) of gas, higher than the 11.4 bcm requested by buyers. But the price … Read More
The European Union’s platform to buy gas jointly in a bid to lower prices and ensure a steady supply in the coming months went online on Tuesday. Several companies have … Read More
European Union member states and members of the European Parliament on Thursday reached an agreement to double the production of renewables across the bloc by the end of the decade. … Read More
Savings have officially become a fixture of the European Union’s energy policy. Energy ministers from the 27 member states decided on Tuesday to extend the bloc-wide plan to voluntarily reduce … Read More
Europe’s winter has come to an end. While this winter had the standard duration of three months, it felt like the lengthiest season on record: it had arrived in the … Read More
The European Union’s 20-year-old electricity market is heading for a revamp. The market suffered its worst year on record in 2022 after gas prices spiralled out of control and pushed … Read More
The long-awaited reform of the European Union’s electricity market rejects fundamental change and instead bets on long-term contracts between suppliers and consumers, an arrangement that can help inject greater certainty into … Read More
With the European economy still figuring out how to grow amid Russia’s war in Ukraine, a fragile energy market and stubbornly high inflation, the European Commission has decided to delay … Read More
The European Union is moving ahead with novel plans to buy gas jointly in a bid to leverage the bloc’s purchasing power and secure lower prices from international suppliers. The … Read More
Core inflation in the euro area increased in February, a Eurostat flash estimate released on Thursday shows. According to the EU’s statistics agency, core inflation — which excludes energy and food … Read More
