The Greek government reassures that the country is well-equipped against disruptions in Russian gas supplies through Ukraine, despite rising price concerns. Over the past three years, Europe’s energy landscape has shifted significantly, reducing reliance on Russian gas from 35% in…
As of today, Russian gas supplies to European countries through Ukraine have officially been cut off due to the expiration of the contract between Russia and Ukraine, with no new agreements in place. The halt, confirmed by Slovakia, affects countries…
As of January 2025, energy prices, particularly for electricity and gas, are expected to change. While wholesale prices have stabilized, net fees and surcharges are projected to increase, leading to higher end-consumer prices. Experts predict a modest increase in electricity…
Natural gas storage facilities in the European Union are experiencing their fastest depletion since the energy crisis, with levels falling to 75%, about 19% lower since late September. European gas prices have rebounded significantly, reaching around 50 euros per megawatt-hour,…
In a notable weather phenomenon, the Netherlands has faced eight consecutive days without sunshine, marking a record not seen in over 30 years. This phenomenon, particularly felt in De Bilt, is attributed to stable high-pressure systems causing persistent cloud cover….
Germany is grappling with an energy crisis characterized by ‘Dunkelflaute,’ a term indicating a lack of sunlight and wind. On a recent day, energy prices soared to a record high of 936 euros per megawatt-hour due to insufficient renewable energy…
Chancellor Olaf Scholz has initiated a vote of confidence in the Bundestag as he balances his roles as caretaker and election candidate. Facing criticism from businesses over high energy prices, he aims to assure support for electric vehicle incentives. Despite…
Greece’s Minister of Environment and Energy, Theodoros Skylakakis, announced a new electricity subsidy of €0.015 per kilowatt-hour, expected to be officially announced soon. He reassured consumers that December prices for those on variable tariffs will match November’s rates, with no…
Electricity providers in Greece are mandated to continue offering green tariffs to both new and existing customers throughout 2025. Recent announcements indicate a push towards fixed tariffs. In the oil market, prices have declined over 4%, while natural gas prices…
In October, inflation in the UK increased to 2.3%, up from 1.7% in September, largely due to a hike in energy prices. Official figures reveal that annual gas and electricity bills surged by approximately £149. Despite the increase, the current…
Consultancy Cornwall Insight predicts that domestic energy prices in the UK will reach an annual average of £1,736 starting January, marking a slight increase from the current typical bill. With the energy price cap affecting millions of households, concerns grow…
The Greek government aims to reduce bureaucratic burdens for businesses by 25% over the next two years using new digital tools. The Openbusiness platform will simplify licensing and certification processes. Additionally, an early repayment plan for public debt totaling at…
