1 week ago Germany Eyes Cutting €4 Billion From Industries’ Power Costs

Germany plans to earmark between €3.5 billion to €4 billion ($4.7 billion) to ease the burden of high power prices for heavy industries over three years, a key lawmaker in the governing conservative alliance said Wednesday.

Economics

1 week ago UK Power Prices Climb Amid Colder Weather and Dip in Wind Output

UK day-ahead electricity prices climbed to the highest since June, as a lull in wind-power output coincides with colder weather that’s increasing energy demand.

Economics

1 week ago Nordic Data Center Boom Fueled By Low Prices, Empty Land and Cool Weather

Nordic power companies stand to win big from Europe’s data-center boom, as cool weather and lower power prices entice more mega-projects northward.

Economics

2 w. ago Tech Pledges From Trump’s UK Visit Will Test Strained Power Grid

Microsoft Corp. and OpenAI are among the US firms that have in recent days pledged to invest £31 billion ($41.8 billion) into artificial intelligence projects in Britain, but industry experts say the commitment could be undermined by the UK’s aging power grid and some of the world’s highest electricity prices.

Transport

2 w. ago Glencore to Meet South African Minister in Bid to Save Smelters

Glencore Plc will meet with the South African government this week to seek ways to prevent smelters that make a key stainless-steel ingredient from shedding thousands of jobs as they grapple with surging power prices.

Politics

last month Poland Seeks to Extend Power Price Cap, Enabling More Rate Cuts

Poland’s government is optimistic about quickly passing legislation to extend a cap on power prices, a move that the central bank governor said would boost the chances for another interest rate cut.

Economics