The European Commission has approved, under EU State aid rules, a €687 million Finnish scheme to partially compensate energy-intensive companies for higher electricity prices resulting from the impact of carbon prices on electricity generation costs (so-called ‘indirect emission costs’), incurred between 2021 and 2025, under the EU Emission Trading System (‘ETS’). The measure will benefit…
Nuclear specialists have always been proud of belonging to the industry, feeling a certain superiority over representatives of other generations. They have in their hands not only the safe operation of the most complex equipment, but also the responsibility for the lives of people, without exaggeration, of the entire world. Without belittling the merits of…
Russia continues to use energy as a weapon and an instrument of political pressure, all in order to force the different governments of European countries to bend to the will of the Kremlin. Bulgaria is no exception, where there is a great danger that the Russian strategy may succeed against the backdrop of the war…
Commission president Ursula von der Leyen has welcomed a deal on coordinated demand reduction measures for gas. She said, “The EU has taken a decisive step to face down the threat of a full gas disruption by Putin. I strongly welcome the endorsement by Council of the Council Regulation on coordinated demand reduction measures for…
The S&D Group in the European Parliament said it considers the Winter Preparedness Action Plan, presented by the European Commission, as a “timely and yet insufficient step.” They say it can “go towards solving a possible energy crisis, that might hit our continent long before the cold months, due to the current heat wave in Europe and the increased…
Vulnerable households, already under severe cost of living pressure, have been “effectively ignored” by a commission plans for dealing with the energy crisis, says the European Left Group. It says new measures, drafted in collaboration with Europe’s major energy corporations, confirm that the EU is set to double down on its commitment to a failed…
Having declared force majeure on gas supplies, Russia turned to open blackmail of Europe, seeking to turn the energy crisis into a powerful weapon of influence on Western governments. The traditionally loyal, almost “friendly” to Russia Berlin fell under the main blow. The indicative effect of such an impact on Europe’s key economy and “almost friends and partners” should be the…
Yesterday in Baku, Commission President Ursula von der Leyen and Commissioner for Energy Kadri Simson met with President Ilham Aliyev and Azeri Energy Minister Parviz Shahbazov to strengthen the existing cooperation between the EU and Azerbaijan. The two Presidents signed a new Memorandum of Understanding on a Strategic Partnership in the Field of Energy. Currently, the EU and Azerbaijan are…
What do you do with infrastructure that your invading army has seized? In early March, the Russians captured the Zaporizhzhia nuclear power plant (ZNPP). This is the largest nuclear power plant in Europe which has six reactors with a total capacity of 6 GW. Despite being captured and having interim curator managers sent from the…
Dozens of activists from Ukraine and Europe within the Stop Bloody Energy initiative held a rally in Davos against the energy business, which continues to operate in Russia. Russia has unleashed the most brutal and bloodiest war of the 21st century. Russia has been destroying Ukraine for three months. Tens of thousands of people were…
