Electricity

High Electricity Taxes are Crippling European Industry

European countries need to work out ways to lower taxes on electricity to revive the competiveness of Europe’s energy-intensive industries, Leonhard Birnbaum, president of electricity lobby Eurelectric, told Reuters in an interview published on Monday. Power prices in the EU are up to three times higher than in the United …

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Germany’s Power Prices Rise as Market Tightens

Germany’s power margin, the available electricity supply to meet demand, is set to drop this week to the lowest level so far this winter, as low wind speeds and colder weather are straining the power system, according to models compiled by Bloomberg. This week, wind speeds in Germany have dipped …

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Germany Set to Cross 100 GW Milestone

Germany might exceed 100 GW of cumulative solar capacity in 2024, as new projections from Bundesverband der deutschen Energie- und Wasserwirtschaft (BDEW) estimate 17.5 GW in new PV installations. Germany’s renewable energy association, BDEW, said it expects 17.5 GW of new PV capacity in 2024, up from 15.3 GW in …

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U.S. Electricity Exports to Canada Jump

Reduced hydropower generation in Canada and low natural gas prices in the U.S. have resulted in a jump in U.S. exports of electricity to Canada since 2023, according to estimates by the U.S. Energy Information Administration (EIA). The U.S. and Canada have been each other’s main electricity trade partners for …

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Renewable Energy Surge Lowers UK Blackout Risk

The U.K. has been gradually boosting its energy security by increasing its renewable energy capacity while continuing to produce natural gas. It has done this while also moving away from the ‘dirtiest’ fossil fuel, coal. The diversification of the U.K.’s energy mix is helping the island country to develop its …

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