The Latest Breaking News from Energy

‘30 MUs of electricity being procured from exchanges to partly make up for shortage’

The Minister lays stress on making power utilities financially resilient

The Labour leader and Anas Sarwar have backed nuclear being part of Scotland's future energy mix.

The comments come ahead of a visit to Glasgow by Sir Keir Starmer and Scottish Labour leader Anas Sarwar.

The earnings season kickoff might be what the S&P 500 needs to shake its malaise. But a profit gusher is coming from a handful of companies.

Greek Prime Minister Kyriakos Mitsotakis urged Europe on Thursday to quickly find a way to address soaring gas and power prices, which have dented household income, or risk seeing the "forces of populism" reappear on the continent.

Energy companies could soon be forced to give more notice before they close under a proposal from the federal government.

The Federal Government is seeking new rules to ensure energy companies provide five years' notice before closing power stations, amid concerns about reliability and affordability.

The U.S. and its allies have already levied severe sanctions against Russia–with more sanctions in the offing–in response to its alleged killing of civilians in its war with Ukraine, leading to energy supply concerns and higher oil prices. Also, conflict in the Middle East is adding to oil supply concerns,…

The Lithuanian Government announced that from the start of April the country has been operating without Russian gas before slamming the EU - which gets 40% of its crude from Gazprom - for failing to cut off its reliance on Russian energy

Tuesday night’s federal budget confirmed the Morrison government will spend A$50.3 million on gas projects in the Northern Territory, South Australia and the east coast.