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29th Mar 2024

Ticker

Storms play havoc with electricity prices

Storms in Northern Europe have sent wind turbines spinning and turned wholesale electricity prices in Germany, the Nordic region, the Czech Republic and Slovakia into the negative because the extra electricity produced cannot be stored in high volumes, reports Reuters.

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Opinion

EU Modernisation Fund: an open door for fossil gas in Romania

Among the largest sources of financing for energy transition of central and eastern European countries, the €60bn Modernisation Fund remains far from the public eye. And perhaps that's one reason it is often used for financing fossil gas projects.

'Swiftly dial back' interest rates, ECB told

Italian central banker Piero Cipollone in his first monetary policy speech since joining the ECB's board in November, said that the bank should be ready to "swiftly dial back our restrictive monetary policy stance."

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