The price of electricity continues to rise in Europe. The cause of this phenomenon stems from several supply and demand factors, one of the most important of which is the shortage of natural gas and the sudden reactivation of demand, linked to a reduced supply of CO2 emission allowances. Commission President Ursula von der Leyen […]
The CJEU rules that the financing regime of the social discount rate for electricity companies in Spain is unfair
The CJEU has decided that the criterion chosen by the national legislator to distinguish between the companies that must assume, to a greater or lesser extent, the cost of the social bonus is not objectively justified. The financing regime of the social bonus results in more than 99% of the cost of this bonus falling […]
Power-to-gas system enables massive storage of renewable energy
Power-to-gas (P2G) is bringing fresh momentum to the renewables field, providing a powerful approach to convert renewable power into ‘green’ hydrogen and methane. An EU-funded project developed flexible P2G technology that offers the renewables sector an array of possible lucrative use cases. Currently, the renewable generation capacity is estimated at around 20 %, but according […]
New electricity rules enters into force
On 1 January 2020, the Electricity Regulation EU/2019/943 entered into force. An important part of the new electricity market design, agreed under the Clean energy for all European’s package, the regulation establishes the fundamental principles for an efficient electricity market. It allows better integration of national markets and increased capacity for cross-border trade, generating lower prices. It […]
Slight rise in electricity prices, gas prices stable
In the first half of 2019, average household electricity prices in the European Union (EU) increased slightly compared with the first half of 2018 (€20 per 100 kWh), standing at €21 per 100 kWh. Average gas prices in the EU were stable and stood at €6 per 100 kWh in the first half of 2019. […]