Energy use in the European Union increased 1 percent in 2017 compared to 2016, Eurostat figures published on Thursday showed. It was the third consecutive year that energy consumption went up, moving the EU away from its commitment to reduce consumption by 20 percent in 2020 compared to 1990. In 2017, final energy consumption fell compared to 2016 in only four EU states; Belgium, the UK, Italy, and Slovenia. Read and decide Support quality EU news Get instant access to all articles — and 18 year's of archives. 30 days free trial. … [Read more...] about [Ticker] EU energy use on the rise despite climate goals
Energy
Energy consumption continues to rise in Europe: Eurostat
Energy consumption in Europe rose for the third consecutive year in 2017, pulling the EU further away from its 2020 energy efficiency objective, according to official figures published on Thursday (7 February). Energy consumption in the EU increased by 1% in 2017, according to Eurostat. Primary energy consumption amounted to 1,561 million tonnes of oil equivalent (Mtoe), while final energy consumption reached 1,222 Mtoe. Both indicators increased by around 1% compared to the previous year, Eurostat said. In 2017, primary energy consumption in the EU was 5.3% above the efficiency target for 2020, while final energy consumption was 3.3% above the target. And the long-term trend is not encouraging either. Since 1990, consumption has fallen by only 0.4%, Eurostat indicated. “The gap to energy efficiency target for 2020 continued to widen,” the EU’s statistical agency said in a note. “It’s the economy” Samuel Thomas is a senior advisor at the Regulatory … [Read more...] about Energy consumption continues to rise in Europe: Eurostat
Australia, Latin American energy, & eurozone growth!
While Mexico and Venezuela tackle energy and political issues, what kind of energy problems does Latin America face as a whole? Lisa Viscidi of Inter-America Dialogue brings her expertise to the table. Will Netflix fall in the trial with Fox? Lionel of Lionel Media and Holland Cooke of the Big Picture have thoughts! Will Huawei get the boot in Canada? Alex Mihailovich has the story! Check us out on Facebook: http://www.facebook.com/BoomBustRT Follow us on Twitter: https://twitter.com/bartchilton?lang=en https://twitter.com/BoomBustRT … [Read more...] about Australia, Latin American energy, & eurozone growth!
Consumers set to see energy bills soar as price cap hiked
0 Have your say Consumers are set to see their energy bills rocket after watchdog Ofgem said it was to increase a price cap on standard tariffs just six weeks after the measure was introduced.The cap will be raised to £1,254 a year for someone with typical usage from 1 April – £34 more than companies were charging in December when the cap was brought in and adding £117 to the average bill.Consumer groups hit out at the rise, which they said “conned consumers”, who had believed the regulation would keep their energy bills steady. They said householders should switch to try to find the best deal.Ofgem said that rising wholesale prices had prompted the move and insisted that suppliers would not profit.Richard Neudegg, head of regulation at uSwitch.com, said: “People could be forgiven for feeling that they’ve been completely and utterly conned by the government’s energy price cap. Ofgem proudly proclaimed that the … [Read more...] about Consumers set to see energy bills soar as price cap hiked
‘Price cap con’ as 15million homes face hike in energy costs
Some 15million households will be hit by a hike in energy costs despite a price cap. Regulator Ofgem gave suppliers the nod yesterday to unleash a wave of price rises in April. Sites specialising in supply switching claim £1.3billion in total will be added to bills. Richard Neudegg of uSwitch said: “People could be forgiven for feeling that they’ve been completely and utterly conned by the Government’s energy price cap. “With the cap being reviewed every six months, those on default tariffs should be prepared for a state-sanctioned shock to household budgets twice a year.” The cap on standard variable tariffs as well as other default deals will go up by an average £117 to £1254 a year, hitting 11million homes. And four million with pre-payment meters could see annual bills leap by £106 to £1242. Yet Ofgem’s chief executive Dermot Nolan denied there was “supplier profiteering” and said the rises are needed … [Read more...] about ‘Price cap con’ as 15million homes face hike in energy costs