The bloc is also considering mandatory cuts in electricity use and taxes on oil and gas companies.
Tag: Prices (Fares, Fees and Rates)
Breaking Taboo, Germany Extends Life of 2 Nuclear Reactors
The step is intended to cushion a growing energy crisis in Europe but could upend the country’s plans to become the first industrial power to shutter its program.
Hawaii Closes Its Last Coal-Fired Power Plant
A state law bans the use of coal for energy production beginning next year.
Spain Offers Free Train Tickets Through End of Year
Rail passengers will be able to take free train journeys under 300 kilometers (186 miles) until the end of the year.
Will a Renewed Iran Nuclear Deal Cut Energy Prices?
A successful deal to restrain Iran’s nuclear program would mean that Washington lifts tough sanctions on Iran’s oil and gas exports. But it may already be too late for that to help this winter.
How German Companies Are Staring Down Putin’s Threat to Cut Off Gas
Industrial producers across Germany are coming up with unique ways to cut their dependence on natural gas as Russia’s war in Ukraine keeps prices high.
U.K. Energy Price Cap to Rise 80%, Regulator Says
A regulator detailed the latest increase in gas and electric charges, driven up by the war in Ukraine and expected to further stoke inflation.
As Soaring Prices Roil Britain, Its Leader Vacations and a Likely Successor Sidesteps the Issue
Britain is facing multiple economic shocks, from soaring energy prices to the hollowing out of the labor market by Brexit. But these issues seem disconnected from the fight to replace Boris Johnson.
Heat and Drought in Europe Strain Energy Supply
The dry summer has reduced hydropower in Norway, threatened nuclear reactors in France and crimped coal transport in Germany. And that’s on top of Russian gas cuts.
Leadership Vacuum Heightens Worries as Crises Loom in U.K.
As energy prices and inflation soar under a caretaker prime minister, critics say transition at the top is leaving Britons in limbo at a tumultuous moment.