The energy crisis and pressure to reduce consumption following the invasion of Ukraine have driven further demand cuts as EU institutions join efforts to cut energy use and emissions.
EU countries, including Germany, have spent billions to help citizens get through the energy crisis, though measures have not been targeted towards society’s most vulnerable, the European Commission said on Tuesday (22 November).
Brussels outlined on Wednesday (7 September) five proposals to tackle the high energy prices gripping Europe, including a mandatory target for reducing electricity use, capping the revenues of energy firms, and recycling the money raised to help vulnerable households.
The 1,000 municipal utilities that are the last link in the German energy supply chain are feeling the pinch of record-high energy prices, raising fears that some of them might go bankrupt.
By Susanna Twidale and Elizabeth Piper LONDON (Reuters) -Britain will look at all options to boost the country’s energy supplies to try to tackle spiralling prices after Russia’s invasion of Ukraine, a spokesman for Prime Minister Boris Johnson said on Wednesday.
Britain’s biggest energy supplier is in talks with the Government about reopening a mothballed gas storage facility in a bid to protect the industry from surging power costs.
Several seemingly well-briefed stories in the Sunday newspapers last weekend indicated that China General Nuclear (CGN), which currently has a 20% stake in the new Sizewell C plant to be built in Suffolk, is to be removed from the project.
