Although pervasive, subsidies have long been accepted by economists as a generally inefficient, costly means of resource allocation that leads to wasteful consumption and distortion of international trade and local markets. Oil-exporting economies have adopted energy pricing reform since the collapse of the oil price in mid-2014, despite lingering fears that such efforts would hurt […]
The European Commission has presented guidelines to persuade Europe’s 28 governments to limit, rationalise and Europeanise their intervention in the electricity market through national renewable and capacity support schemes. This guidance could make renewable schemes more cost-effective, but shows little sense of the urgency needed to address the increasingly dire situation of conventional back-up capacity […]
The European Union’s integrated energy and climate policy is coming apart. This is due to the effects of recession, and the impact of national renewable energy and back-up generation schemes, on the EU blueprint for a single energy market. New Commission guidelines will seek to Europeanize these national schemes, but this Europeanization effort assumes faster […]
Germany has set itself a huge challenge in trying to move away from fossil fuels and abandon nuclear power, while remaining a major industrial power. This challenge to create an Energiewende – an energy turnaround or transformation – has ambitious targets. David Buchan argues that Germany is on track to meet only one of its […]
Contracts for Difference and the Evolution of the Brent Complex https://t.co/KYZEK0lFCC
The Druzhba Pipeline Crisis – The Lessons for Russia and for Europe https://t.co/CkMN5QDRgb
OIES study quoted in Reuters on how China appears to be diversifying gas supply, potentially importing more from so… https://t.co/3LEdHC9nqC
Anouk Honore on the pace of gas storage injections in Europe: There are some signs already that injection rates sho… https://t.co/xyhbo3bncY