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The sharp rise in crude oil prices brought the Saudi Arabian oil company Saudi Aramco a record profit in the first quarter of 2022. Compared to the previous year, the group increased its revenues by a good 82 percent in the same period. The additional revenue amounts to 39.5 billion US dollars. In the same […]

With the elimination of the EEG levy on the electricity price, the Federal Government wants to relieve citizens of the burden of energy costs from July 2022. The EEG levy, with the corresponding share of VAT, currently amounts to around 4.4 cents per kilowatt hour (kWh). A sample household with a consumption of 4000 kWh

As participants report in the Welt, Patrick Graichen, at an event, is said to have called on representatives of municipal utilities to plan the dismantling for their natural gas network. Graichen is State Secretary in Habeck’s Ministry of Economics. Graichen referred to the timetable for the decarbonisation of Germany. According to Graichen, there should be

There are clearly many more private charging stations for electric cars in Germany than the grid operators are aware of. However, the utilities fear major challenges, because they have to adapt their infrastructure to electric charging. The highest density of e-cars, and thus of unregistered charging stations, is probably in the better residential areas of

An astonishing change has taken place in the prices of used electric cars between December 2021 and May 2022: While just six months ago there was a drastic drop in prices even for young used e-cars, some models are now more expensive than new cars. How is this possible? Status December 2021 There have been

According to the Finnish energy company Gasum, Russia stopped gas deliveries to Finland on 21 May. This was also confirmed by the Russian state-owned company Gazprom Export. Gazprom Export refers to outstanding payments for gas delivered in April. The Finnish company Gasum has confirmed that it does not accept the Russian demand to pay for

The planned oil embargo against Russia is increasingly threatening to come to nothing. Although several states are already no longer importing Russian oil, Russia is selling more oil than before the war. Now the EU wants to ban European tankers from transporting Russian oil. However, Greece, Malta and Cyprus do not want to participate in

In France, the state-owned energy company Electricite de France SA (EDF) has revised its nuclear power target downwards for the third time this year. The power supply in France is thus becoming increasingly critical. The nuclear power plants operated by EDF form the backbone of the European interconnected system. France is traditionally an electricity exporter

The US is debating the regulatory process of modular nuclear power plants. The commissioning of a modular reactor helps to improve energy supply and reduces dependence on coal and gas. But to make it happen soon, the licensing process needs to be sped up. Building large, conventional nuclear power plants is slow and expensive. That

Federal government ministers want motorists to switch to electric vehicles. In doing so, they never miss an opportunity to point out the associated climate protection and, more recently, to reduce dependence on Russian energy sources. To this end, the government encouraged motorists to buy an electric vehicle with lavish subsidies. With so many arguments, one

Both to achieve climate protection targets and to reduce dependence on imports of natural gas, oil and coal, motorists should switch from combustion engines to electric drive. For this reason, the state subsidizes the purchase of an electric car with up to 6,000 euros. The question is whether an electric car really does produce zero

When politicians talk about a gas and oil embargo, they mainly talk about fuels, heating and power generation. It is impressive how little they know about the value chains in German industry. The fact that gas and oil are also important feedstocks for the chemical industry is virtually unnoticed. Gas and oil produce important basic

The drastic rise in energy costs is forcing not only private households to save, but also local authorities. Now, the first cities are planning savings in street lighting. High electricity price forces cities to save on street lighting Alexander Handschuh of the German Association of Towns and Municipalities considers reduced street lighting to be one

The horror scenario for power grid operators is a widespread power failure, a so-called blackout. A blackout can have many causes. Weather or natural disasters, hacker attacks, technical defects, sabotage or an overload of the networks can lead to it. The major network operators are now preparing for a large-scale blackout. Ampirion and TransnetBW, two