Tag: Energy
-
Underwhelming Nationalist Party press conference on its pledge to reduce electricity bills
The Nationalist Party is holding a very underwhelming press conference with Opposition Leader Alex Borg and Energy spokesperson Mark Anthony Sanmut explaining their pledge to reduce electricity bills by a further 30%. The measures do not include macro-economic reforms or new systematic energy plans and projects. The measures include a list of mitigating price measures…
-
Labour government organises press conference to launch energy plan: no actual plan published
In a very pompous and well polished and markete4d press conference, Energy Minister Miriam Dalli announced her energy-plan for the next five years, but no actual plan was published or distributed to the press. A document was presented describing “Five pillars” which include already-existing concepts applied in government policy such as energy and fuel subsidies.…
-
Squinting with condescension and spite: the Super ONE journalist handling Malta’s energy and electricity contracts
The Super ONE journalist who was given responsibility over Malta’s energy and electricity contracts can’t even handle a little of bit of criticism as she squints with a patronising and spiteful look at her critic while she is told that subsidies should not go to people with super yachts. The Maltese public is effectively subsidising…
-
Only Third-World countries tamp down inflation with direct subsidies
The Labour government is currently running a very vexatious and dishonest campaign accusing the Nationalist Party of intended to remove electricity and fuel subsidies. At no point did the Nationalist Party or Opposition Leader Alex Borg declared such a policy. Contrary to what the Labour Party is declaring, Opposition Leader Alex Borg has clearly stated…
-
Finance Minister joins the Labour propaganda show: Energy Minister says subsidies are an “investment”
The Labour government continues to avoid questions about its energy purchases and instead keeps organising self-ingratiating and self-congratulatory propaganda shows to brag, for the 1000th time, about its great benevolence and financial acumen in issuing subsidies to keep electricity bills low. They also produced a Eurostat chart which has been public for some time, supposedly…
-
Oil basis goes down: Europe gets jet fuel from the US and Nigeria
The difference between the futures oil price and the spot price (often also referred to as the basis, spread or differential) has gone down significantly since the Iran war started, signaling that the oil shortage crisis may be coming to an end. Separately, multiple reports confirm that Europe is replacing jet fuel imports from the…
-
In total contempt of the Maltese people
Yesterday’s events in Malta were reminiscent of a dictatorial regime and Prime Minister Robert Abela is in total contempt of all Maltese people. The Maltese Herald has sent questions to the government on the government’s ongoing gas and electricity purchases. We asked at what price the government is buying electricity from Electrogas and we also…
-
Government refuses to answer questions on energy purchases: Prime Minister guarantees energy supply just as Iran declares the Strait of Hormuz is fully open
The government is once again refusing to divulge any information about its electricity and energy purchases. We have so far received no reply from the government about its purchases of electricity from Electrogas or of its gas and oil purchases. Instead, the Prime Minister has given a recorded interview with his own personal and publicly-funded…
-
Questions to the government over energy purchases and hedging agreements
Yesterday, the Labour government issued a press release that announced no details at all about Malta’s current energy deals and situation other than praising the government’s policy that is keeping electricity and fuel prices lower than the European average thanks to subsidies. You can read the full press release here. Statements by the Department of…
-
EU Commissioner President discusses rule of law and EU funds with Peter Magyar: EU’s future in energy is nuclear and renewables
EU Commissioner President Ursula von der Leyen, yesterday held a press conference to give an update about new energy-relief measures being rolled out by the EU. She warned that since the start of the war in Iran, the EU’s import-fossil fuel bill increased by up to €22 billion. One of the measures being undertaken are common…
-
Hedging after the event – ONE News
The Labour Party’s propaganda arm, ONE News, has announced, out of the blue that the government is making hedging agreements with “international banks” and securing fuel storage as part of international measures to guarantee fuel supply at stable prices in Malta. The announcement was made in the backdrop of a fuel-shock in Europe. Separately, the…
-
The Maltese public deserves full transparency about Miriam Dalli’s energy deals and soaring subsidies
An official source at the Ministry of Finance has confirmed with Times of Malta that the actual amount of subsidies spent by the government in the month of March was €100 million not €20 million. Meanwhile, the Energy Minister is refusing to publish its energy deals with Electrogas and its gas purchase deal which was…
