Oil and gas companies have been the biggest winners of the energy price hikes of 2022. But as yet, there is scant evidence that companies have invested their windfalls in the energy transition. Is there hope that they will? Joelle Thomas reports. Read More
All posts tagged: energy Prices
When Germany Can’t Give it Away: Negative-Price Power Hours
In 2022, negative prices occurred during 69 of the total of 8,760 hourly prices in German day-ahead trading. Last year, there were 139 cases of hours when utilities had to pay to give away electricity. This adds to the high price of electricity in Germany, but it doesn’t explain it. Paul Hockenos has the details.
A recipe for the cold
The embargo on raw materials from Russia following its invasion of Ukraine exposed weaknesses in the Polish energy system as well as political errors. For many in Poland, this winter will serve as a reminder of communist-era shortages. Michał Olszewski has the details
Critical juncture: Poland’s government greenlights the country’s first nuclear power plant
The Polish government has taken a first step towards realizing its nuclear energy aspirations – building a reactor with a total capacity of 9 GW by the year 2043. At the beginning of November, an agreement was signed with the American, Pittsburg-based company Westinghouse to build its first nuclear project on the Baltic coast. It marks a significant pivot in the Polish energy transition. Nuclear has long formed part of the country’s energy plans, but scant action was taken in that direction, more hope was put into renewable energy sources. Now it looks like green-energy sources may take a hit. Agata Skrzypczyk has the details.