Electricity

The European Union will overhaul its electricity market in a way that encourages the development of more wind and solar installations and discourages more fossil fuel generation. According to a draft of the proposal seen by Reuters, the overhaul will push fixed-price power contracts designed to protect consumers. The proposal …

Berlin is planning to introduce a special industrial electricity tariff ranging between €0.05 and €0.09 per kilowatt-hour in order to boost the country’s competitiveness and push back against US and Chinese subsidies. Electricity has always been pricey in Germany – a 2015 study by the Fraunhofer Institute found that the …

A year into an unprecedented energy crisis that rocked the European Union, officials in Brussels are ready to unveil their plan to prevent consumers from facing huge swings in electricity prices in the future. While some EU leaders pledged massive overhaul, what’s likely to emerge is anything but radical. Power …

The proportion of China’s electrical energy is expected to exceed 30 percent of the country’s total terminal energy consumption by 2025, according to a report released by China Electric Power Enterprise Federation on Friday. Statistics showed that China’s current terminal energy consumption electrification rate stands at 27 percent, higher than …

China commenced the construction of the world’s highest ultrahigh-voltage electricity transmission project, from Southwest China’s Sichuan Province and Xizang Autonomous Region to Central China’s Hubei Province, media outlet the Sichuan Daily reported on Tuesday. The transmission project will transmit about 40 billion kilowatt hours of electricity including hydro electricity from …

Asia will for the first time use half of the world’s electricity by 2025, even as Africa continues to consume far less than its share of the global population, according to a new forecast released Wednesday by the International Energy Agency, IEA. Much of Asia’s electricity use will be in …

Belgium played a key role in supplying energy to its main neighbours in 2022, as it was France’s largest electricity supplier and Germany’s main transit country for natural gas. “Belgium helped France and Germany overcame their energy difficulties in 2022. We can show solidarity with our neighbours thanks to our …

The long-awaited winter energy crisis has finally hit…but it wasn’t in Europe after all. On Monday, almost the entirety of Pakistan was left without power when a misguided energy saving strategy by the government backfired. Runaway inflation, a severely weakened currency, and rapidly emptying foreign exchange reserves have left Pakistan …

Exxon’s market capitalization rose above that of Tesla for the first time in two years as investors’ appetite for stable returns in energy stocks prevailed over their attachment to the tech and EV sectors. Bloomberg reports that since the start of the year the shares of the U.S. oil supermajor …

Irish and French energy regulators confirmed that the Celtic Interconnector will be completed by 2027, despite a substantial re-evaluation of the project’s costs. The French grid operator also confirmed the partial launch of the Savoy-Piedmont electricity interconnection. The network operators behind the Celtic Interconnector project, an electricity connection between France …