The renewables energy company GreenVolt has posted profits of €11.9 million for 2021. The company headed by João Manso Neto said that the biomass segment which includes power stations in Portugal [...]
Prices of electricity and gas will increase by 3% in April. The announcement was made by the energy regulator ERSE on Tuesday and will affect families that are in the regulated market. The [...]
Given the unprecedented increase in fuel prices, the Portuguese Government has decided to reduce the fuel tax ISP (Tax on Petroleum Products) on a weekly basis, but only in line with increases in [...]
The price of a litre of diesel will be 14 cents higher from today, while petrol will cost an additional 8 cents. It means a litre of 95 will cost €1.912 per litre and diesel €1.81 per litre, the [...]
As oil prices skyrocketed to US$120 a barrel and gas shot up by 21% to €199/MWh this week, the general-secretary of the Portuguese Association of Oil Companies (Apetro) says that “exceptional [...]
The Portuguese energy company Galp has suspended the purchase of fresh orders of petroleum products from Russia which is the largest supplier of gas oil in the world. The decision will have an [...]
The Administration of Sines and Algarve Ports (APS) has given assurances that there “is the capacity to build a new liquified natural gas terminal” (LNG) in Portugal. This would “up storage [...]
Millennium bcp (Banco Comercial Portugues), which holds a 50% stake in Polish bank Bank Millennium), says it is only facing “immaterial non-credit exposure” from regional instability [...]
Consumers have seen fuel prices skyrocket 11.1% and gas 7.2% over the past two years according to data from the National Statistics Institute (INE). “Rising energy and fuel prices” are the two [...]
Just before midnight on December 31, 2021, the European Commission published a proposal that paved the way to investments in gas and nuclear energy being considered ‘environmentally sustainable’. [...]
