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Electricity market

Europe News

Commission to unveil €1.2tr plan to revamp EU power grid, leak shows

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World News

France and Switzerland shut down nuclear power plants due to heatwave

To cool down, nuclear power plants pump water from local rivers or the sea, which they then release back into water bodies at a higher temperature. However, this process can threaten local biodiversity if water is released which is too hot.

Europe News

Spanish power cut highlights fundamental weakness in EU power grid

While the precise sequence of events that led to the catastrophic power outages across the Iberian peninsula has yet to be established, the events have highlighted the urgency of bolstering Europe’s power grid.

Green News

Did wind and solar really make Spain's power grid more vulnerable?

Investigations are ongoing into what went wrong with the electricity system, which impacted some 60 million people.

Europe News

Europe prepares for attacks on power grid while battling soaring costs

The EU has identified building up its power grid as an essential, and somewhat neglected, element in its efforts to move away from fossil fuels and cut energy bills – but it is also waking up to the need to prepare for attacks by hostile powers.

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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

Norway finance minister blames EU energy rules for coalition collapse

Norway’s prime minister Jonas Gahr Støre is left heading a minority government after coalition partner pulls out over EU market rules it says make it impossible to shield citizens from high electricity prices.

Business

Rivalry intensifies between French watchdogs over electricity pricing

The French competition watchdog warns artificial pricing is unhelpful for consumers and stifles market rivalry. The energy regulator disagrees.

Cuba

Some power restored after blackout leaves millions in Cuba in the dark

Cuba says some electricity was restored on the island after one of the country's major power plants failed and left millions without electricity.

Europe News

Suppliers spooked by Draghi’s calls to reform EU electricity market

Mario Draghi’s EU competitiveness report, launched with much fanfare in Brussels yesterday, included a proposal for an electricity market reform that the European Commission shied away from during the energy crisis of 2022.

Business

Electric Ireland announces gas and electricity price reduction

Electric Ireland’s most recent announcement is the third price cut in one year, with the previous two reductions having come into effect in November 2023 and March 2024.

Europe News

Commission nominee says energy transition boosts European integration

Spanish minister tipped for key role in the next EU executive says power grid expansion should be a core European project for the second von der Leyen Commission.

Green News

Allow battery makers to benefit from green power, governments urge

Proposed small print to EU rules on battery manufacturing could have wider consequences for Europe's energy transition, policy makers have been warned.

Green News

Ministers give green light to new electricity market rules

EU governments have waved through new electricity market rules intended to limit price spikes, protect vulnerable consumers and businesses, and accelerate the deployment of ever more zero-emissions power capacity.

Green News

European Parliament approves energy market overhaul

MEPs have approved a sweeping reform of EU gas and electricity market regulations, with the aim of accelerating the clean energy transition, and including provisions that could further restrict Russia's ability to continue selling natural gas to Europe.

Ukraine

Kyiv endures third Russian bombardment in five days

Ukrainian city of Kyiv was hit by missiles for the third time in five days by Russian armed forces, with President Zelenskyy asking for more air defences.

Business

What's in store for Europe's nuclear energy sites?

As France holds on to its title as Europe's top nuclear energy producer, Germany has finally called time on its nuclear energy plans. Meanwhile, countries with smaller capacities have ramped up production.

Green News

Coal gets free pass under electricity market reform

Poland, backed by France and Bulgaria, won its lobbying campaign for a coal exemption.

Economy

Germany unveils costly new plan to cut electricity prices

The scheme is set to run for around five years and will likely cost up to €12 billion in its first year.

Europe News

EU energy ministers strike deal on electricity market reform

EU energy ministers reached a long-awaited agreement on Tuesday on the so-called electricity market reform, aimed at protecting consumers from volatile prices and speeding up the deployment of renewables.

Green News

Upgrade electricity grids or miss 2030 green goals, industry warns EU

Electric cars and heat pumps require ‘loads’ new capacity. So why are Europe’s grids lagging behind, and who will foot the bill?