BRUSSELS, April 1 (Reuters) – The European Commission plans
to introduce stress tests for the power sector next year along
the lines of those carried out for the EU gas sector, Europe’s
energy boss said on Wednesday.
On Tuesday, a major power outage hit Turkey, including the
capital Ankara, and for Europe the issue was highlighted last
week when the Amsterdam region suffered a blackout of more than
BRUSSELS (Reuters) – The European Commission is aiming to broker more talks between Russia and Ukraine this month to try to extend a discount on gas prices for Kiev, Commission Vice President Maros Sefcovic said on Wednesday.
Russia, Ukraine and the European Commission held preliminary talks in Brussels last month.
BRUSSELS, April 1 (Reuters) – Smart power grids that balance
intermittent solar and wind energy with flexible power demand
are crucial for the European Union’s plans for a single energy
market, the EU’s climate and energy commissioner said.
Miguel Arias Canete said smart grids are central to the
European Commission’s vision of making the EU the world’s number
one in renewable energy and reforming European power markets.
BRUSSELS (Reuters) – Rich nations provided around five times as much in export subsidies for fossil-fuel technology as for renewable energy over a decade, according to OECD data seen by Reuters.
The Organisation for Economic Cooperation and Development (OECD) figures on export credits are central to a debate on targeting funding ahead of U.N. climate talks in Paris at the end of the year.
BRUSSELS (Reuters) – Europe’s reliance on imports of natural gas is likely to rise from half to three quarters over the next two decades and Russia will continue to supply around 30 percent of EU needs, BP’s chief economist said on Friday.
The figures are troubling for European Union policymakers striving to reduce dependency on Russia, which is in conflict with Ukraine, the main transit route for Gazprom’s gas to the EU.
BRUSSELS (Reuters) – EU nations were unable to agree a compromise date for implementing reform to Europe’s carbon market on Wednesday after more than two hours of talks failed to bridge a gap between those seeking early action and those seeking a delay.
Allowances on the EU Emissions Trading System (ETS) fell more than 3 percent on the news to 6.85 euros per ton.
BRUSSELS/MOSCOW (Reuters) – Russia, Ukraine and the European Commission will hold a new round of gas supply talks next month after an initial round in Brussels on Friday ended without a deal.
The talks had not been expected to yield major progress, with EU officials setting a target date of June for a new accord on how much Ukraine should pay Moscow for its gas.
BRUSSELS/MOSCOW (Reuters) – Russian Energy Minister Alexander Novak said Ukraine’s gas prices could rise to $348 per 1,000 cubic meters (tcm) in the second quarter as he arrived for gas supply talks with Kiev brokered by the European Commission.
Ukraine has been paying $329 per tcm for gas in the first quarter under a deal negotiated by the Commission last year.
BRUSSELS (Reuters) – Talks between Russian and Ukrainian energy ministers and the European Commission to take place on Friday are a preliminary step toward a deal by around June on ensuring future gas supplies, EU officials said.
Last year the Commission, the EU executive, brokered a series of three-way talks that led to an accord in October to keep gas flowing over the peak demand winter months despite acute tension between Kiev, Moscow and Brussels over Russia’s annexation of Crimea.
BRUSSELS, March 18 (Reuters) – A push to make gas contracts
agreed with countries such as Russia more transparent has
pitched Poland against Germany ahead of energy talks among
European Union leaders on Thursday.
The Brussels summit is meant to advance progress towards a
single energy union in which power and gas would flow freely
across borders, reducing the bloc’s reliance on Russian gas and
countering Gazprom’s divide-and-rule tendency.