The Energy Supply Board (ESB), the state-owned electricity company in Ireland, saw a significant increase in profits over the past year due to soaring wholesale electricity prices. The company announced that their profits more than doubled, highlighting the growing demand for energy in the country. As households and businesses continue to rely heavily on electricity, … Read more
EPA NOS News•today, 09:57 Like many other oil and gas companies, British BP’s revenues have risen by many billions. Excluding one-off write-offs, profit doubled to almost 26 billion euros. Below the line, BP appears to have lost 2.3 billion euros in 2022, while the other oil and gas companies reported profits of tens of billions … Read more
loading… A worker drains water from a gas filter at the Egas processing plant in Gujar Khan, Pakistan. Photo/REUTERS/Caren Firouz ISLAMABAD – Russia and Pakistan reached a “conceptual” agreement on the supply of Russian oil and petroleum products to Pakistan. The news was announced by Deputy Minister of Energy of Russia Sergey Mochalnikov at a … Read more
ANP extension ANNOUNCEMENTS•today, 15:24•Edited today, 15:42 Inflation and the energy crisis have made oliebollen more expensive, but we haven’t stopped eating the delicacy. The Dutch are buying as many oliebollen this year as last year, Arend Kisteman of the Dutch Bread and Pastry Bakers Entrepreneurs Association (NBOV) argues against the ANP news agency. Has a … Read more
Loading… Energy crisis, the European Union risks darkness. Photo/Illustration/Bloomberg OTHER – European Union (EU) has little chance of stopping blackout in the middle energy crisis exacerbated by the Ukrainian conflict and must prepare for its effects. This was the alarm raised by Austrian Defense Minister Klaudia Tanner on Tuesday (12/27/2022). Speaking to Die Welt, the … Read more
The 100 million euro emergency aid program for Berlin companies in the energy crisis is little used. Economy Senator Schwarz: good sign. There are subsidies for energy costs so cafes can continue to put their tables out Photo: picture alliance/dpa | Joerg Carstensen BERLIN dpa | So far, Berlin companies have barely used the state … Read more
The fact that the energy bill has risen sharply in the last year is not only due to the high price of energy. Federal energy watchdog Creg sees suppliers have increased all kinds of costs and margins over the past year. This involves hundreds of euros on an annual basis. This concerns, for example, the … Read more
EPA ANNOUNCEMENTS•yesterday, 18:48•Edited yesterday, 19:16 After more than a year of negotiations, the European Union’s energy ministers have agreed on a maximum gas price. The ‘market correction mechanism’, as it is called in Brussels, comes into force when the price of gas exceeds 180 euros per megawatt hour. The measure is expected to go into … Read more
Only one in eight Belgians thinks that the inflation and energy crisis will end soon. There are huge cuts in the supermarket. Half of Belgians are preparing for a protracted crisis. They expect that the economic situation will not have normalized by the end of 2024. The share that already predicts the end of the … Read more