Energy
#StateAid – Commission opens in-depth investigation into #Lithuania electricity strategic reserve measure
The European Commission has opened an in-depth investigation to assess whether Lithuanian support to energy company AB Lietuvos Energija in the context of a strategic reserve measure, which was in place in Lithuania until 2018, may have unduly favoured the company and distorted competition in the Single Market, in breach of EU state aid rules. […]
Timely implementation of #Ukraine #ElectricityMarketReform
The energy sector is the foundation of the Ukrainian economy. Unfortunately, energy remains a highly politicized topic in Ukraine and the current political uncertainty means there is a very real danger that the vital process of energy market liberalization will be pushed back. This will have significant consequences for the economic development and security of […]
Blaming #Brexit, #BritishSteel collapses putting about 25,000 jobs at risk
By Ivana Kottasová, CNN Business Britain’s second biggest steel maker collapsed on Wednesday (22 May), putting about 5,000 jobs at the company directly at risk, and threatening another 20,000 at suppliers. The company was seeking a government bailout, but talks ended without agreement. The High Court ordered the company into compulsory liquidation, according to the government’s Insolvency […]
#ESG – Towards growth through sustainable development
The current volatile business market environment is increasingly characterised by valuations driven by sentiment. Investor attention and interest around the topic of Environment, Society and Governance (ESG). While solid company fundamentals remain the core of the story, it is critical for a company to shape a positive public and investor perception. The largest global investors already […]
#EnergyCharterTreaty – Commission asks for mandate to negotiate modernization of investment provisions
The Commission has adopted a draft mandate to engage on behalf of the European Union in the negotiations to modernize the Energy Charter Treaty (ECT), a plurilateral trade and investment agreement applicable to the energy sector to which the EU is part. These negotiations aim to revise the provisions of the Treaty in a way […]
#StateAid – Commission approves provisional measure ensuring security of local electricity supply in #Slovakia
The European Commission has approved under EU State aid rules the compensation granted by Slovakia to electric utility company Slovenské Elektrárne a.s. for temporarily supplying a mandatory quantity of electricity from indigenous fuel sources into the Bystričany electricity system node in Slovakia. Slovakia notified the Commission of its plans to entrust electric utility company Slovenské […]
Britain has first week free of #Coal in over a century
Britain, the birth place of coal power, has gone seven days without electricity from coal-fired stations for the first time since its 19th century industrial revolution, the country’s power grid operator said on Wednesday (8 May), writes Susanna Twidale. Britain was home to the world’s first coal-fuelled power plant in the 1880s, and coal was its […]
