EU approves state aid to Greece for 900 MW in energy storage
Projects will be selected through a transparent and non-discriminatory bidding process, the European Commission said
EU asks member states to cut gas consumption by 15% by March
It has also proposed a legislation which would allow the commission to introduce a binding target for gas reduction
Timmermans: EU risks conflict, strife due to energy crisis
The EU's top official Frans Timmermans claims a short-term return to fossil fuels is needed to prevent the risk of civil unrest
Natural gas, nuclear energy remain part of EU taxonomy – NGOs to file lawsuit
The European Parliament rejected the motion to exclude investments in natural gas and nuclear energy from the sustainable finance taxonomy
Portugal, Spain cap gas prices for power producers to bring down wholesale prices
The payments to utilities will be calculated based on the price difference between the market price of natural gas and the gas price cap
EU sets out REPowerEU plan to speed up green energy transition
The REPowerEU plan calls for investing an additional EUR 210 billion by 2027 and increasing the share of renewables fto 45% by 2030
SEE countries set up regional taskforce to jointly diversify gas supplies, strengthen energy security
Representatives of Azerbaijan, Bulgaria, Greece, North Macedonia, Romania, Serbia, Ukraine, and Turkey also discussed decarbonization and the green transition
Eurelectric: unsuitable measures to tame electricity prices would hinder investments in renewables
Eurelectric has published its response to the European Commission's options for immediate price mitigation measures
