Tag: Energy
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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…
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No oil-shortage in Europe reported except for jet fuel in Italy
The Times of Malta has published an article on energy and the oil crisis which needs some background reading. The EU has not officially called for energy rationing measures. EU Energy Commissioner Dan Jørgensen has called on Europeans to cut back on unnecessary travel and work from home to cut back on energy use. This…
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Up to €20 million additional subsidies on fuel and electricity spent in March
According to a very conservative estimate, if the government is forking out up to €250 million of subsidies every year to keep oil and gas prices at a $60 level, with gas set at an oil price benchmark, and purchasing the oil at an average of $70, the government would have spent at least up…
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There are no cushions and no hedges: the Labour government is naked
When the war in Iran broke out, Finance Minister Clyde Caruana went to Parliament and said that the government has a cushion which will enable the country avoid the negative affects of the war. The Finance Minister said that the government can spend up to €250 million more in subsidies to ward off energy inflation…
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Is Europe headed to an energy crisis?
The European Union has not announced any emergency measures on energy so far. The European Commission is working on a set of measures to address electricity prices in Europe. Energy subsidies and tax cuts are increasingly becoming more popular in Europe to address the situation in the short and medium-term. Australia is one of the…
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Energy crisis declared in several countries: war in Iran ongoing
The Philippines has been the first country to declare a national emergency over an ongoing fuel and energy crises as a result of the ongoing war in Iran and the Battle of Hormuz. Bangladesh, Pakistan and Sri Lanka have declared energy rationing measures while fuel shortages have also been reported in India. Energy saving-measures have…
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Energy Minister announces new Hydrogen mega-project with North Africa: no plans or details announced
This week, Energy Minister Miriam Dalli casually announced that the government will invest in a renewable energy project with a North African country. No plans or details were announced: just an announcement for the press which supposedly is going to serve as propaganda for the Labour government. The amateurishness and the delusion in all of…
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No change to Europe’s direction over Russian sanctions – President Von der Leyen
European Commission President Ursula von der Leyen told the European Parliament that the European Union will not change course on sanctions against Russia despite rising energy prices and geopolitical pressures. Speaking during the plenary debate in Strasbourg, President Ursula von der Leyen warned that returning to Russian fossil fuels would be a “strategic mistake” that…
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Maltese government remains mum on energy purchases policy
Net News ran a report that the government is refusing to disclose details about its energy purchases. Concerns are growing about the government’s energy purchases and its overall energy policy after the war in Iran has shocked oil and gas prices upwards. Malta’s electricity system relies on a combination of imported natural gas, electricity generated…
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Nuclear energy in Europe keeps electricity prices low: France leads
Nuclear energy is one of the key energy sources keeping electricity prices in Europe low with France being the major user of nuclear energy Europe whilst having some of the lowest electricity prices in Europe. This is in deep contrast to Denmark which has an overwhelming use of renewable energy sources but some the highest…
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EU ban on Russian gas becomes law
Yesterday, the EU has signed a law officially banning the purchases of Russian gas imports in the EU. The law was signed co-jointly by the European Parliament and the European Council. The ban on Russian has imports will take effect by the end of 2026, and pipeline gas imports will be prohibited by September 30,…
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Nearly 50% of electricity in the EU generated from renewable sources but electricity prices remain high
According to the latest statistics issued by Eurostat, up 47.5% of all electricity in the EU was generated from renewable energy sources with a 2.1% increase from the previous year. The renewable energy sources were composed of wind, with up to 38%, hydro-power with up to 26.4% and solar power with up to 23.4%. Austria…