Nine EU states, including Germany, on Monday (25 October) rejected a French-led bid to reform Europe’s wholesale energy markets as prices soar.
Gas price spike exposes rift at EU summit
The first topic leaders discussed at the EU summit on Thursday (21 October) were the continent's soaring gas prices, which have lead to a spike in household energy bills - amid widespread...
Energy price crunch risks derailing UN climate talks, Iberdrola warns
The current hike in energy prices is threatening to overshadow the COP26 climate summit this November as countries scramble to tackle the rising costs of electricity, oil and gas, warned a senior...
France Slams EU’s Single Electricity Market as ‘Aberration’
French Finance Minister Bruno Le Maire called for a profound review of the European Union’s single electricity market, saying it operates under rules that have grown obsolete.
EU prepares ‘toolbox’ of measures to tackle energy price spike
The European Union executive will produce a “toolbox” of measures EU countries can take to tackle energy price spikes without breaching the bloc’s energy market rules, it said on Wednesday, as...
Spain’s energy prices continue to hit record highs despite government intervention
The seemingly unstoppable surge of wholesale energy prices in Spain continued on Thursday with a new record of €188.18 per megawatt-hour, a rise of 22% this week, despite government efforts to bring...
Soaring power prices drive anxiety over EU climate plans
Surging energy prices are weighing on European wallets — and the bloc’s climate plans. Concerns over a popular backlash were evident Tuesday when members of the European Parliament debated the...