Energy

Euro zone to tighten fiscal policy in 2024, some still to spend too much

Euro zone fiscal policy will be tighter on aggregate next year but several countries, including France and Italy, plan to spend too much, breaking EU recommendations, the European Commission said…

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Italy to approve measures to boost energy security as gas prices rise

Italy plans hub for floating wind power Tries to speed up work on LNG terminals Also supports carbon capture facilities By Giuseppe Fonte and Francesca Landini ROME, Oct 23 (Reuters)…

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EU seeks to ease US tariff, green subsidy threats

The European Union will seek this week to ward off the return of Trump-era metals tariffs and to lessen the negative impact on the U.S. Inflation Reduction Act (IRA) and…

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Europe could become energy self-sufficient in $2 trillion push – study

FRANKFURT (Reuters) - Europe could wean itself off fossil fuels and create a self-sustainable energy sector by spending around 2 trillion euros ($2.1 trillion) on solar, wind and other regenerative…

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EU countries consider scrapping part of energy reforms – document

By Kate Abnett and Julia Payne BRUSSELS (Reuters) - European Union countries are considering scrapping a central part of reforms to Europe's electricity market, amid a deadlock between France and…

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EU risks depending on China for batteries after quitting Russian energy -presidency paper

By Belén Carreño MADRID (Reuters) - The European Union risks becoming as dependent on China for lithium-ion batteries and fuel cells by 2030 as it was on Russia for energy…

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Photo Story: Spain’s first prototype of floating offshore wind turbine connected to the grid

A view of Spain's first prototype of floating offshore wind turbine connected to the grid, named DemoSATH and created by Saitec, during the official commissioning at the BIMEP experimental field…

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French power prices could rise 10% in early 2024

PARIS, Sept 14 (Reuters) - French electricity prices could rise by about 10% in early 2024 if the government follows recommendations flagged by the head of the country's energy regulator…

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EU lawmakers vote for tougher crackdown on energy market abuse

A committee of European lawmakers on Thursday voted in favor of a tougher crackdown on manipulation in gas and electricity markets which would give an EU agency the teeth to investigate and…

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EU lawmakers vote for tougher crackdown on energy market abuse

BRUSSELS, Sept 7 (Reuters) - A committee of European lawmakers on Thursday voted in favor of a tougher crackdown on manipulation in gas and electricity markets which would give an…

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New subsea power link between Scotland and England gets planning consent

British authorities have given planning consent for a new 2 gigawatt (GW) subsea power link between Scotland and England, National Grid said on Thursday. The Eastern Green Link 2 will…

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Global power demand growth to rebound in 2024 after slowdown, IEA says

By Forrest Crellin PARIS, (Reuters) - An ongoing energy crisis and an economic downturn is expected to slow global power demand growth in 2023, but a probable rebound in 2024…

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Jul

PB Group acquires 100% of the Thomas Smith insurance and logistics businesses

PB GROUP, a Malta-based company specialised in the delivery of highly specialised engineering solutions in the Water & Energy sectors and a key regional logistics operator has acquired all the…

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Spain’s EU power market reform draft includes subsidies for existing plants

By Pietro Lombardi VALLADOLID, Spain, July 12 (Reuters) - Spain has proposed state aid for existing power plants, but with limits to avoid market distortions, in a bid to end…

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Pro-nuclear energy EU states ask for ‘level playing field’ with renewables

A group of pro-nuclear EU countries led by France will present a paper to the European Commission on Tuesday asking for a "level playing field" for nuclear energy in the…

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EU countries eye tighter subsidies in hunt for energy market deal – draft

By Kate Abnett BRUSSELS (Reuters) - European Union countries are considering stricter limits on state aid for power plants in an upcoming revamp of Europe's electricity market, after disagreements between…

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Renewables growth did not dent fossil fuel dominance in 2022, report says

Global energy demand rose 1% last year and record renewables growth did nothing to shift the dominance of fossil fuels, which still accounted for 82% of supply, the industry's Statistical…

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Italy sees no need for new anti-inflation package as energy prices fall

Energy price spike has largely reversed Italy's Treasury has budget leeway to renew some measures New EU budget rules require fiscal prudence ROME (Reuters) - Italy does not plan to…

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EU countries fail to agree energy reforms after coal subsidy clash

European Union countries failed on Monday to agree on planned new rules for the bloc's power market, having clashed over a proposal to extend subsidies for coal plants as part…

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Wind returns to top of list of German power sources

BERLIN (Reuters) - Just under a third of electricity generated in Germany came from wind power in the first quarter of 2023, according to data released this week, as wind…

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Oil price falls as global backdrop outweighs Saudi output cut

Oil prices edged lower early on Tuesday, coming off gains made the previous day as concerns about the global economic backdrop outweighed supply worries raised when Saudi Arabia announced its…

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EU recommends end to energy support in 2023 to help fiscal policy

By Jan Strupczewski BRUSSELS, May 24 (Reuters) - The European Commission recommended on Wednesday that all EU governments end support measures for energy prices by the end of this year…

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Energy costs for most British households to fall 18% from July -Cornwall Insight

LONDON, May 19 (Reuters) - Energy costs for most British households are expected to fall around 18% from July with regulator Ofgem poised to announce a cut in its price…

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Greece extends energy relief measures to end-September

ATHENS, May 18 (Reuters) - The Greek government has extended by three months to the end of September some of the measures it took last year to help households and…

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Fossil fuel-centred growth is obsolete, says EU’s von der Leyen

An energy mix based on fossil fuels cannot deliver sustainable economic growth for future generations, European Commission President Ursula von der Leyen said on Monday as she sought to add impetus to…

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Germany’s Baerbock calls for global target for renewable energy expansion

German foreign minister Annalena Baerbock on Tuesday called for a global target for the expansion of renewable energies. Speaking at the start of the Petersberg Climate Dialogue in Berlin, Baerbock…

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EU, Norway plan cooperation on carbon capture, hydrogen, draft shows

By Kate Abnett BRUSSELS, April 20 (Reuters) - The European Union and Norway aim to work together to develop infrastructure to capture and store CO2 emissions and scale up renewable…

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German cabinet approves bill to phase out oil and gas heating systems

By Riham Alkousaa and Markus Wacket BERLIN, April 19 (Reuters) - The German cabinet on Wednesday approved a bill that bans most new oil and gas heating systems from 2024,…

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Campaigners sue EU for labelling gas and nuclear investments as green

Greenpeace and other campaign groups are set to take the European Commission to court on Tuesday, seeking to overturn European Union rules that class nuclear energy and natural gas as climate-friendly investments.The…

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Wind and solar hit record 12% of global power generation last year

By Nina Chestney LONDON (Reuters) - Wind and solar energy represented a record 12% of global electricity generation last year, up from 10% in 2021, a report this week found.…

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EU launches LNG benchmark in attempt to tame price spikes

European Union energy regulators have launched a liquefied natural gas (LNG) benchmark price in an effort to avoid the market mirroring spikes in volatile costs for pipeline gas. The EU…

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UPDATED: Britain to set out plans to boost energy security

LONDON, March 30 (Reuters) - Britain laid out plans on Thursday to boost its energy security and independence through investment in moving towards cleaner, more affordable energy sources. Wholesale gas…

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EU reaches deal on service stations for EVs, alternative fuels

The European Union on Tuesday reached a provisional deal on the deployment of more service stations for cars running on electricity and alternative fuels as the bloc seeks to reduce the carbon…

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Siemens to provide technology for Italian energy project

Siemens Energy and Italy's FATA have been awarded a contract worth nearly 1 billion euros to supply transmission technology for a 970-kilometre power link connecting Sardinia and Sicily to the Italian mainland,…

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Nuclear row threatens EU deal on renewable energy goals

European Union countries are split over whether to allow nuclear energy to contribute to meeting their renewable energy targets, a dispute threatening to delay one of the EU's main climate…

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Half of Europeans concerned on ability to pay their bills

Almost half of European consumers (48%) were worried about being able to pay their bills, and a large majority (71%) took measures to reduce their energy consumption at home. In…

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EU to propose clampdown on companies using fake ‘green’ claims

The European Commission wants to require companies in Europe to back up climate-friendly claims about their products with evidence, under draft rules to stamp out misleading green labels for products from clothing…

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Steward to take hospitals judgement to European Courts / Malta News Briefing – Wednesday 15 March 2023

Updated 1700 The Times of Malta reports that Steward said it has also requested a European Court of Justice (ECJ) preliminary ruling since it viewed the judgement as undermining the…

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Britain extends household energy support scheme to June

LONDON, March 15 (Reuters) - Britain extended its support for household energy bills by three months to the end of June, the government said on Wednesday, keeping a lid on…

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Italy’s energy authority sees gas, electricity prices falling

MILAN, March 9 (Reuters) - Italy's energy authority Arera sees a fall in consumers' electricity bills of more than 20% in the second quarter of the year, its president Stefano…

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Italian court postpones decision over Tuscan LNG terminal to July

An Italian administrative court has postponed to July 5 a decision over a complaint against a new liquefied natural gas (LNG) terminal in the Tuscan port of Piombino, the court said on…

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EU rewrites climate diplomacy deal to resolve nuclear sticking point

European Union countries intend to push for a global phasing out of fossil fuels among their climate diplomacy priorities this year, which the bloc hopes to approve this week after…

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Spain maps out first boundaries for offshore wind parks

Spain's government on Tuesday approved its first ever delimitations for where wind farms can be developed off the country's coast, a significant step towards developing the offshore sector. Prime Minister…

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Oil price drops on concerns of global economic slowdown

Brent oil fell on Tuesday, reversing the previous day's gain, as fears that a global economic slowdown, and drop in fuel demand, amid aggressive interest rate hikes by the U.S.…

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IEA’s Birol warns of tighter energy supply next winter

By Andreas Rinke BERLIN, Feb 19 (Reuters) - International Energy Agency (IEA) head Fatih Birol has warned of possible energy shortages next winter as relatively little new liquefied natural gas…

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EU opens door to ‘green’ nuclear-derived hydrogen

The European Commission published rules on Monday that could allow some hydrogen produced in nuclear-based energy systems to count towards EU renewable energy goals, signalling a win for pro-nuclear France.…

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Brussels says EU exit from Energy Charter Treaty ‘unavoidable’

The European Commission has told member countries that a joint EU exit from a controversial international energy treaty appears inevitable, according to a document seen by Reuters, with some of…

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France’s nationwide strike hits power production, fuel deliveries

A nationwide strike in France against pension reform led to a drop in electricity output and stopped deliveries from TotalEnergies sites on Tuesday. French power supply has been reduced by…

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EU planning fast-track permits for clean tech

Producers of clean technologies like renewable hydrogen and batteries could receive faster permits under European Union plans to support industries facing U.S. and Chinese competition, a draft document showed on Monday.…

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UK’s Hunt pledges to boost growth but won’t budge on tax hikes

British finance minister Jeremy Hunt promised on Friday to tackle the country's weak productivity with post-Brexit reforms to boost growth, but signalled that he would stick to tax rises that…

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Italy plans to renew relief measures to soften energy prices

ROME, Jan 26 (Reuters) - Italy's government plans to review and extend existing relief measures aimed at helping families and firms cope with sky-high energy prices, Economy Minister Giancarlo Giorgetti…

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UK’s National Grid to pay people to use less power amid cold snap

LONDON, Jan 22 (Reuters) - Britain's National Grid said it would pay customers to use less power on Monday eveningand that it had asked for three coal-powered generators to be…

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New York state to forgive $672 million of overdue gas, electric bills

(Reuters) - New York state will forgive $672 million worth of unpaid gas and electric utility bills from the pandemic era for about half a million customers, in what the…

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Europeans dial down the heating, heed calls to save energy

By Thomas Escritt BERLIN (Reuters) - Europeans have dialled down their heating this winter, apparently heeding government calls to conserve energy amid the Ukraine crisis, with some delaying switching it…

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Fund groups warn over EU legal definition of ‘greenwashing’

European Union regulators should not define greenwashing in law, fund industry groups have told the bloc's markets watchdog, citing concerns this would complicate a sector in "constant flux". Trillions of…

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Eni, Chevron announce new Mediterranean gas discovery

Italian energy group Eni and U.S. energy major Chevron revealed that they had made a new gas discovery in an Egyptian offshore field in the Eastern Mediterranean sea. The Nargis-1…

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Environment risks dominate in “polycrisis” world – WEF survey

Failure to tackle climate change and environmental degradation dominate the ranking of top risks facing the planet in the next decade, a World Economic Forum (WEF) survey of global risk…

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