Should windfall taxes be imposed on renewable energy firms that have benefitted from the current high electricity prices caused by the increases in oil, gas and coal prices triggered by Russia’s invasion of Ukraine? If so, how, and how much? The IEA has conducted a study of the EU to try to uncover who has (and hasn’t) made extraordinary profits, and how much. Up front they say this is difficult to do as the majority of installed renewable … [Read more...]
EU gas post-Russia: out-of-date regulations are preventing new gas flows from west to east, not infrastructure
### REGISTER NOW ### for our vitally important 2-panel event “The Energy Crisis and Russian Aggression Against Ukraine – Key Challenges for the Central European Energy Sector”, on Thursday December 8, 13:00 – 17:00 CET (Address: Rue Belliard 40, 1040 Brussels). High-profile confirmed speakers include Kadri Simson, European Commissioner for Energy, EC; Leszek JesieĹ„, Chairman of the Board, CEEP; Jerzy Buzek, MEP and former president of the … [Read more...]
Europe’s decoupling of electricity and gas prices: the crisis is temporary, so why do it?
The debate is intensifying over how to decouple power prices from the extraordinarily high natural gas prices in Europe. Simona Benedettini and Carlo Stagnaro warn that the current problem of high prices is not caused by the mis-functioning of electricity markets, but by the exceptional trend in gas prices. So should the markets be re-designed at all? Will we lose the benefits of the current design, one being the reliable profits that renewables … [Read more...]
Our Hydrogen future: 27 authors imagine the world in 2030-2050
Here’s something very different for our readers today, and an opportunity for you to register for our Webinar and Q&A on Wednesday Feb 16th at 09:00 CET (register here). It’s to mark the book launch of “Touching Hydrogen Future”, where 27 energy experts from around the world have written a chapter each. They are fictional accounts of what our world could like in the near future. The countries covered are the Netherlands (2029), Denmark … [Read more...]
TurkStream disruption: Turkey, Greece can become new gas hubs
For over 30 years the Trans-Balkan pipeline has been used to pump Russian gas to southeast Europe. But Russia’s construction of the new TurkStream pipelines can open the door for the Trans-Balkan to be re-purposed, explains Aura Sabadus writing for the Atlantic Council. Going forward, LNG can be imported into Turkey and Greece and pumped back up the same pipes to serve the region, reducing dependence on Russian gas. However, such a plan would … [Read more...]
Greece: lignite asset sale failure could shift focus to electricity market reform and renewables
This month Greece’s Public Power Corporation (PPC) admitted its effort to sell a third of its lignite assets had failed. Dr. Nikos Mantzaris, of the think tank The Green Tank, gives his explanation for why the numbers never added up for the buyers. He now fears the PPC will simply sweeten the deal. Instead, Greece should abandon failing lignite assets, reform the electricity market and refocus on renewables. … [Read more...]
