Limits on foreign reactor technology may limit India's nuclear ambitions
Experts say that a new draft framework could dilute India's largest?nuclear?reform in decades, by adding additional approval requirements for foreign reactors. This would force companies to choose domestic technology and imports over the latter, and restrict the flow of new capital and expertise. The draft framework is a follow-up to 'New Delhi's' new nuclear law passed last year. This opened up the country's tightly controlled nuclear sector to private companies, and sought to attract foreign technology.
The British cap on energy prices will rise by 4% due to the Iran war.
The majority of British households will see their energy costs?rise in October, after the energy?regulator?Ofgem announced an increase of 4% in its domestic price caps as wholesale prices are pushed up by the war in Iran. The increase will be a major blow to Andy Burnham who pledged to reduce cost of living pressures. It also more than cancels out the measures that he announced in December to lower tax on electricity bills. High international?gas costs continue to drive up energy prices in the UK.
Australian watchdog accepts EnergyAustralia's undertaking over violation of electricity rules
A regulator in Australia announced on Monday that it had accepted a court-enforceable commitment from EnergyAustralia, after the retailer admitted to violating electricity retail regulations by failing to offer eligible customers a plan with 'three hours free electricity during daytime by the deadline of July 1. The Australian Competition and Consumer Commission said EnergyAustralia (owned by Hong Kong listed CLP Holdings) failed to make available its Solar 'Sharer Offer on time, as required under Electricity Retail Code.
Inpex will seek an order from Australia's workplace Tribunal to stop the labour action at Ichthys LNG
Japan's Inpex announced on Tuesday that it will seek urgent orders from Australia's Fair Work Commission in order to stop?protected?industrial action?at its Ichthys?liquefied?gas?facilities. The Offshore Alliance (Maritime Union of Australia, Australian Workers' Union) announced on Monday that it would escalate its strike at Inpex's Ichthys plants in Australia, after the Fair -Work Commission's facilitated negotiations failed to resolve important pay and condition claims.
Norway and Sweden will see increased power prices this summer due to low hydro, nuclear
The wholesale electricity prices in Sweden and Norway will be higher than usual this summer because of the low filling level of hydropower reservoirs, and due to ongoing nuclear power outages. This was announced by an energy regulator on Wednesday. Inga Nordberg is the head of energy and concessions at the Norwegian Energy Directorate. She said that the reservoirs in central and southern Norway would fill less than usual during the summer, despite the beginning of snowmelt, which?typically supplies many of these sites.
Rio Grande Requests Extension to Build Texas Export Facilities
Rio Grande LNG has sought a three-year extension from the U.S. Federal Energy Regulatory Commission to construct an export facility in Texas, according to a filing.The company requires the time to build certain project facilities and make the liquefied natural gas export plant at the Port of Brownsville available for service by November 2031, it said in the filing to the energy regulator on Friday.Rio Grande LNG is an under-construction facility owned by NextDecade…
Merafe Resources' profits plunge after soaring electricity costs close smelters
Merafe Resources, a South African company, reported a 72% drop in its full-year profits on 'Monday. This was after it suspended operations at its ferrochrome smelters because of high electricity prices. Merafe’s headline earnings per shares fell from 42.9 South African Cents to 12.2 South African Cents for the year ending December 31, 2025. The?company that operates a joint venture ferrochrome with Glencore?idled their plants in April 2025, citing rising power costs and increased competition from Chinese smelters.
Cornwall Insight predicts that Britain's energy cap will rise by about 10%.
Analysts from Cornwall Insight said on Wednesday that the UK's energy price cap will rise by about 10% this July due to an increase in wholesale prices linked to a war in Iran. The rise in energy prices would not be welcome news for the Labour government of Prime Minister KeirStarmer, who is under pressure to keep its promise to reduce household energy costs. This would also wipe out any savings from the decision to scrap the policy which forces energy providers to pay for measures like insulation and new heating systems.
After regulator reduces cap, energy bills for most Britons will fall
Energy regulator Ofgem announced a 7% price cap on Wednesday, allowing the government to reduce costs. The move follows the plans in last year's Budget to shift some costs of renewable energy to general taxes and to scrap a program requiring suppliers fund measures like insulation for low income households. Tim Jarvis said that the main reason for the reduction in today's prices is the new policy costs announced by Chancellor George Osborne.
EDF, France's EDF, aims to boost electricity demand while low prices hurt profit
EDF, the French state-owned utility, expects its profit to fall again this year due to low electricity prices. This will put pressure on EDF ahead of major investments in its nuclear reactor fleet. EDF, France's largest power producer, operates in a market that is significantly oversupplied. Benchmark power prices have recently reached their lowest level since the COVID-19 epidemic began in 2020. As more renewable energy is brought online, prices are dropping. However, industrial electricity demand remains low.
Germany's Uniper stresses diversification and downplays the increasing reliance on US Liquefied Natural Gas
DOHA, February 4 - The top executive of a German utility Uniper played down European concerns about the growing dependence on liquefied gas from?the United States while he emphasized the need for diversification in supply sources. The pursuit by President Donald Trump of "energy dominance", has increased European concerns over the heavy reliance on U.S. LNG. This has replaced volumes previously provided by Russia. Data from analytics firm Kpler revealed that U.S.
Germany's Uniper stresses diversification and downplays the increasing reliance on US Liquefied Natural Gas
DOHA, February 4 - A top executive of German utility Uniper played down European concerns about increasing reliance on liquefied gas (LNG), which is imported from the United States. He said that companies sign contracts with 'firms, not governments', and stressed the importance of diversification. The transactional diplomacy of U.S. president Donald Trump and his pursuit to "energy dominate" have heightened European concerns over their heavy dependence on U.S. LNG.
Germany's gas production in numbers
Katherina Reiche, Germany's Economy minister is in Saudi Arabia seeking closer ties with the country on energy. Berlin is looking to diversify this sector as its dependence on U.S. Liquefied Natural Gas grows. Why is?GAS Supply a Problem in Germany? Germany was dependent on Russia to supply most of its natural gas for decades. This provided Europe's largest economy with a relatively cheap source, which was a major advantage for industry.
S.Africa energy regulator approves power cost relief for ferrochrome makers
South Africa's Energy Regulator approved Eskom's application on Thursday to reduce electricity rates?by 35 percent for two distressed ferrochrome plants that are battling high power costs. In recent years, more than a dozen smelters in South Africa have closed, resulting in thousands of job losses. This is largely because electricity prices have increased by over 900% since 2008. In December, Eskom sought approval from the National…
Wind power surge cuts spot prices but frost-related demands lend support
The European prompt power price fell on Tuesday, ahead of a near-tripling of German wind power expected on Wednesday and a more-than-doubling of French wind energy volumes. However, the prices remained relatively high as icy weather?supported?demand. The LSEG analyst Naser Hazemi wrote that "higher wind energy generation leads to a lower residual load on several markets, including Germany." He was referring to fewer thermal plant requirements. He added that "demand is expected in many countries to increase".
Poland allocates 3.4GW of offshore wind power in its first auction
?Poland's energy regulator URE announced on Thursday that 3.4 gigawatts of capacity were allocated in the first?competitive auction for offshore wind power. URE reported that the auction resulted in 25-year contracts with a range of prices between 476.88 zlotys (133.09 dollars) and 492.32 zlotys for each megawatt hour. As a test of investor confidence for?offshore investment? after failed tenders elsewhere in Europe where low price caps and lack of state assistance have deterred bidders.
Eskom reports that South Africa is looking for ways to assist ferrochrome companies.
Eskom, the state-owned power utility, announced on Monday that it is looking for ways to support South Africa's ferrochrome sector. Eskom stated in a press release that the memorandum with the two companies was the result of constructive discussions on Friday between the minister of electricity and the energy of the country and the trade unions. Samancor Chrome, the joint venture between Glencore & Merafe Resources and Samancor Chrome have announced that they are looking at job cuts due to pressures such as the cost of energy.
UK consumers face higher energy bills after regulator approves $37 billion grid upgrade
The British Energy Regulator has approved an investment of 28 billion pounds ($37.33 billion), over the next five-years, to ensure that the energy system is reliable and safe in the future. This is part of a plan to upgrade the energy system which will increase consumer bills by 108 pounds per year. The investment exceeds the provisional estimate of 24 billion pounds made by regulator Ofgem back in July, despite the British Government's promise to lower energy prices.
Documents show that Alberta oil regulators stopped enforcing gas flare limits after government pressure.
Documents seen by have revealed that the regulator responsible for environmental enforcement in Canada’s largest oil-producing province, bowed to pressure from both the provincial government and major oil companies in order to remove a limitation on natural gas flare ups as Canadian oil production increased. Alberta's decision to remove its 20-year old flaring limit, after companies exceeded the limit twice in a row with no objections…
India's energy regulator is considering auctioning grid slots if renewable projects fail.
According to a paper posted on the website, India's regulator of power is considering auctioning off transmission connectivity that was left idle due to renewable energy developers failing to sign power purchase contracts. According to the Central Electricity Regulatory Commission, approximately 31.8 gigawatts were granted as grid access for projects based on award letters. The connectivity is still unused, as no power purchase agreements were executed. This has blocked transmission capacity, and slowed the clean energy rollout.