EU rolls out plan to cut demand for Russian gas by two thirds in 2022
The European Commission outlined a plan to make Europe independent from Russian fossil fuels well before 2030, starting with gas
Electricity prices hit record high on SEEPEX – EUR 540 per MWh
Brent oil hit USD 139.13 dollars per barrel, the highest since 2008, while Dutch TTF natural gas reached an all-time intraday record of EUR 345 per MWh
Timmermans: EU countries can delay coal phaseout to avoid Russian gas
A delayed coal phaseout in some countries is possible, but green energy deployment must be accelerated, The European Commission's Frans Timmermans says
EU accelerating push to reduce dependence on Russian gas
Experts say urgent measures can slash the need for gas in the EU as the European Commission is pushing for a reduction in reliance on Russian gas
Romania to extend energy price cap until March 2023, proposes bank loan moratorium
The government in Bucharest earmarked EUR 2.9 billion for mitigating the impact of electricity and gas price surge on citizens, institutions and firms
Hellenic Petroleum completes biggest solar power plant in Greece, acquires 303 MW PV portfolio in Florina
Greek refiner ELPE concluded the construction of the largest PV plant in Greece, a 204 MW project in Kozani
Energy firms sue four EU countries for disrupting their fossil fuel projects
Five energy companies including RWE seek almost EUR 3.7 billion in damages from the Netherlands, Italy, Poland and Slovenia
Croatia presents EUR 637 million package to mitigate surge in power, gas prices
The measures are planned to lower the expected increase of electricity and gas prices to 9.6 percent and 20 percent, respectively
