EU Commission feared effects of taxing energy traders

Several concerns abounded prompting the Commission to refrain from suggesting a price cap on traders dealing renewable energy – central caveats being disincentive risk, and ”that market liquidity would fall significantly,” says EU source.

Ørsted declines Taiwan tender bid

Quite atypically, the Danish market leader publicly rejects to bid in Taiwan’s solicitation for 3GW offshore wind due to poor framework conditions. The green transformation will wilt if developers build uneconomic projects, says CEO.

Ørsted makes group changes again

The Danish power company shakes up its organization once again, now parting ways with offshore wind chief of many years, while also moving other profiles up the corporate ladder.

Ørsted forced to delay coal phaseout

The Danish authorities have ordered Ørsted to continue operations of one coal-fired power plant and resume operations of two others until 2024. The utility maintains aim of CO2 neutrality in 2025.

EnergyWatch launches Norwegian clone

Watch Media’s latest Norwegian launch now goes online providing close coverage of energy affairs, companies, and profiles within the domestic sector.

Ørsted supports windfall tax

While voicing support for the proposed EU levy, the Danish utility claims that 90% of its earnings stem from fixed price deals at prices below going rates.

Fortum sells Uniper to German state

The Finnish utility is now selling its interest in crisis-stricken Uniper to the German state, which will try to save the German power company by raising around EUR 8bn in capital via an equity emission.

EU to cap power price at EUR 180 per MWh

The EU Commission now proposes a concrete price ceiling on electricity generated by sources like wind and solar, while also ensuring achievement of Europe’s climate commitments.

EU airs road map for new energy market next year

By spring next year, overhaul details for Europe’s electricity market will likely be announced. The market will be reformed to accommodate ”current challenges”, EU Commissioner for Energy Kadri Simpson tells EnergyWatch.

Vattenfall concerned about EU proposal

The Swedish utility acknowledges the importance of supporting vulnerable consumers, but nevertheless argues that the EU Commission’s proposal will pose a risk for investments in renewables.

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