U.S. declares national energy emergency

U.S. declares national energy emergency

The United States declared a national energy emergency on June 6, 2022. The emergency – declared to exist with respect to the threats to the availability of sufficient electricity generation capacity to meet expected customer demand – will stay in effect for at least 24 months or until it’s declared terminated, whichever occurs first.

Energy prices skyrocket after Russia attacks Ukraine

Energy prices skyrocket after Russia attacks Ukraine

Gas and oil prices in Europe skyrocketed after Russia attacked Ukraine early Thursday morning, February 24, 2022. Meanwhile, stock markets around the world tumbled amid rising concerns while Euro plunged to its lowest level against the dollar since June 2020 and hit…

Kosovo introduces rolling power cuts as European energy crisis deepens

Kosovo introduces rolling power cuts as European energy crisis deepens

Kosovo's power system is already completely affected by global energy prices, forcing the country to introduce rolling two-hour blackouts for most of its 2 million people on Wednesday, December 22, 2021. Only emergency customers will stay unaffected. This wave…

Electricity prices in Europe surge to record highs

Electricity prices in Europe surge to record highs

European power prices surged to record highs over the past couple of days after France announced the closure of four of its largest nuclear reactors. The crisis is further exacerbated by already very high prices of natural gas and cold temperatures. By the end of…