Electricity market
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Business
TotalEnergies raises buybacks to $2.5bn and promises higher dividends
TotalEnergies will buy back $2.5 billion (€2.2bn) of its own shares in the fourth quarter, up from $1.5 billion (€1.3bn) authorised for the third, and raise its dividend by more than 5% a year through 2030, as high oil prices boost the French energy giant’s earnings.
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Europe News
Five countries push back against Commission's electric grid plans
The five capitals argue that the European Commission oversteps member states’ national competences and misunderstands how energy systems operate. They call for a European Union based on coordinated regional systems rather than a fully centralised energy union.
Europe News
Commission to unveil €1.2tr plan to revamp EU power grid, leak shows
The European Commission has identified eight key energy projects under the "Grids Package" to be announced this week, Euronews has learned. The plan aims to increase electricity transmission across the EU27. The EU executive will also endorse storage and hydrogen projects.
Economy
Electricity trade in Europe: Who imports and who exports the most?
Energy is an essential part of our daily lives and the backbone of our economies. After Russia’s invasion of Ukraine, energy security became a hot top in Europe — as did affordability. Euronews takes a closer look at the electricity trade, revealing the continent’s net importers and exporters.
World News
France and Switzerland shut down nuclear power plants due to heatwave
To cool down, nuclear power plants pump water from local rivers or the sea, which they then release back into water bodies at a higher temperature. However, this process can threaten local biodiversity if water is released which is too hot.
Europe News
Europe prepares for attacks on power grid while battling soaring costs
The EU has identified building up its power grid as an essential, and somewhat neglected, element in its efforts to move away from fossil fuels and cut energy bills – but it is also waking up to the need to prepare for attacks by hostile powers.