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Economy

Three years on: How Russia's invasion reshaped energy prices across EU

Euronews Business looks at how residential electricity and gas prices have evolved since Russia's invasion of Ukraine and compares prices with pre-invasion levels.

Europe News

Ukrainian women bolster coal mining workforce to aid energy supply

Our international correspondent Valerie Gauriat travelled to south-eastern Ukraine to meet the women who have recently joined the efforts to secure critical energy supply — in the coal mines.

Economy

Fixed vs variable electricity tariffs: Which one saves you more?

Fixed and variable electricity tariffs each have their own advantages and drawbacks, which vary across Europe. As of January 2025, fixed prices are slightly lower than variable contracts on average in 14 countries.

Economy

Who pays the most and least for electricity and gas across Europe?

Residential end-user electricity and gas prices vary widely across European capitals. When adjusted for PPS, country rankings shift significantly.

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Markets

European gas prices spike to 2-year highs as storage levels falter

European gas prices have surged 30% in the past month as colder weather, weak renewables, and supply concerns strain storage levels, now at their lowest since 2022. With refilling costs rising, Germany is weighing subsidies, while markets watch for potential Russian gas flows.

No Comment

Baltic States join European electricity grid

The Baltic States are celebrating their accession to the European energy network, marking the end of electricity transmission with Russia.

Europe News

Baltic states connect to EU electricity after ditching Russian supply

The Baltic states connected to electricity supplied via Finland, Sweden and Poland after disconnecting from Russia, which had supplied them electricity for decades.

Europe News

Baltic states cut Russian electricity ties, ending decades of reliance

Lithuania, Latvia and Estonia all disconnected from the Soviet-era grid on Saturday morning and will merge with the European energy system on Sunday.

Green News

What four years of Trump will risk for climate and the environment

As Donald Trump prepares to become the 47th president of the United States, what will his first actions be on climate and energy, and how will they impact the rest of the world?

Business

BP to axe thousands of jobs after warning over oil and gas production

The energy giant announced earlier this week that weaker oil and gas production would hit its fourth-quarter results for last year.

Europe News

Ukraine shuts down power supply after missile attack

Russia launched a large-scale missile attack targeting Ukraine's energy infrastructure on Wednesday morning, Ukraine’s Air Force reported.

Business

Germany mulls sale of energy supplier Uniper to Canadian group

A potential bidder is Brookfield, the investment group run by Mark Carney, who was Bank of England governor between 2013 and 2020. Uniper has a range of UK assets that are seen as valuable for any would-be purchaser.

Economy

Energy price surge risks pushing EU economy into stagflation

Natural gas and crude oil prices have surged recently amid rising demands and the US's wider sanctions on Russia. Elevated energy prices could jeopardise the eurozone's inflation outlook and push the regional economy into stagflation.

Europe News

Slovakia ramps up anti-Zelenskyy rhetoric amid gas transit spat

Slovakia's prime minister claims Ukraine is jeopardising Europe's global competitiveness by refusing to allow Russia to export gas into the EU over its territory.

Markets

Crude oil prices hit three-week high as concerns over supply grow

Crude oil prices rose to a three-week high amid mounting concerns over supply disruptions and increasing demands. However, technical analysts caution that oil markets may be over-bought.

Markets

European gas prices soar after Russian gas flow via Ukraine stops

European natural gas futures climbed the highest since October 2023 after Russian gas flows to Europe via Ukraine stopped on New Year's Day.

Europe News

Moldova braces for energy crisis as Russia halts gas supplies

Moldovan leaders have implemented energy-saving measures and assured residents of temporary gas reserves, but fears of a humanitarian crisis in Transnistria remain.

Economy

Central and Eastern European clean tech exports on track to triple

Poland, Bulgaria, Croatia and Romania are on track potentially to rapidly scale up their clean tech exports, which could go a long way in helping the EU meet its net zero 2050 target, as well as increase its global competitiveness.

Markets

Moldova declares an energy emergency over fears of Russian gas cut-off

Moldovan PM Dorin Recean said his country faces an “exceptional situation” in which Moscow could deliberately weaponise energy.

Ukraine

Explosions and power outages across Ukraine after missile attack

Russia launched a large-scale missile and drone attack against Ukraine on Thursday morning, targeting energy infrastructure across the country. President Zelenskyy said several regions have been attacked with cluster munitions.

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