Electricity Prices Cut in Half: Consumers to Benefit Soon, Says Minister Síkela

Electricity Prices Cut in Half: Consumers to Benefit Soon, Says Minister Síkela

You can also listen to the article in audio version. Not even a whole year has passed and electricity prices are at half. While last April one megawatt-hour cost 161 euros on the stock exchange, at the end of February it dropped almost to 70 euros. According to the Minister of Industry and Trade, Jozef … Read more

Navigating Energy Upheaval: Michael Howard Discusses Solutions for Global Energy Crisis – Interview with TVNET+

Navigating Energy Upheaval: Michael Howard Discusses Solutions for Global Energy Crisis – Interview with TVNET+

The pandemic, the war started by Russia in Ukraine, the greed of oil-producing countries, etc. have contributed to more than one upheaval in the energy sector in recent years. We have experienced both a wild jump in the prices of gas and electricity, and we have also worried whether gas and other fuels will be … Read more

Energy Market Outlook for 2024: OPEC Oil Prices, Winter Gas Supplies, China Coal Projects

Energy Market Outlook for 2024: OPEC Oil Prices, Winter Gas Supplies, China Coal Projects

OPEC and the effort to increase the price of oil Next year, the efforts of the OPEC cartel and its partners to drive up oil prices will most likely continue. Miners from the group have been trying to return to the situation at the beginning of the war in Ukraine, when the commodity climbed to … Read more

Government Allocates 3.5 Billion Crowns to Assist Energy-Intensive Companies with Energy Prices

Government Allocates 3.5 Billion Crowns to Assist Energy-Intensive Companies with Energy Prices

The government decided two weeks ago that the state would release 3.5 billion crowns to help energy-intensive companies with energy prices. The money will be used to reduce the payments of companies at the level of high and very high voltage for renewable energy sources, by an average of two thirds. The assistance is intended … Read more

Competition is growing for gas power plants, battery storage is putting pressure on them – Seznam Zpravy

Competition is growing for gas power plants, battery storage is putting pressure on them – Seznam Zpravy

A number of countries that are converting their energy systems to renewable sources have to rely on “dirty” sources burning fossil fuels, especially gas. Power plants that use this raw material for production can be put into operation quickly to compensate for outages – to replace currently idle solar or wind sources or to cover … Read more

The Future of Electricity in the Czech Republic: Seven-Fold Increase in Solar Capacity by 2027

Within seven years, the new installed capacity for generating electricity from the sun could thus reach seven times the capacity of the Temelín Nuclear Power Plant. This follows from a study by the consulting company Deloitte for the Union of Modern Energy, which was presented by Miroslav Lopour from the Deloitte company on Thursday at … Read more

“Lidl Offers Affordable Balcony Photovoltaic Power Plants under PARKSIDE Brand”

Food, clothing, DIY equipment and many other items can currently be purchased in Lidl retail stores. Thanks to the acceptable quality and price of its products, it has become one of the largest retailers in the country in recent years. However, Lidl does not lag behind the current trends in the field of renewable sources, … Read more

Photovoltaic power plants on the roofs of houses suffer from frequent problems, but they can be prevented

The pace at which new installations of photovoltaic power plants on the roofs of domestic properties are increasing is still accelerating. In the same way, problems keep up with its speed, which in many cases occur and thus reduce the return on investment that owners of photovoltaic power plants spend. According to experts, however, most … Read more

“Everything is determined solely by the price.” The expert explains whether Latvia will have enough wood for energy needs

Since not only in Latvia, but also abroad, more and more specialists in the sector are switching from gas to wood chip heating boilers, it was anticipated in advance that, if it continues to be exported, a significant increase in the price of wood chips will be observed, which, of course, will affect the increase … Read more

Energy prices are not going down yet. The outlook for consumers continues to deteriorate

You are reading a sample from the Cash Only newsletter, in which Martin Jašminský, Zuzana Kubátová and Jiří Zatloukal comment on events in Czech business every Friday. If you are interested in Cash Only, subscribe newsletter. —— It’s summer, the solar power plants are running at full capacity and the windmills are spinning satisfactorily, yet … Read more