Tag: electricity prices
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Malta needs cheap electricity: it can’t source it and can’t provide it
The fact that the government is increasing energy and fuel subsidies for next year by around €20 million to €172 million is a sign that Malta is struggling to acquire cheap electricity. The subsidies are indeed are keeping Malta’s electricity rates at the lowest level in the EU. On a year on year this expenditure…
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Sweden and Norway have vowed to stop using the European electricity grid as prices more than double within a week
Sweden and Norway are vowing to disconnect from the European electricity grid after electricity prices in Europe soared by more than double in one week. The high rise in electricity prices came from various factors including Germany’s closure of its nuclear power plants, the expensive price of natural gas that soared above above $3 during…