AGP Executive Report
Last update: 11 hours agoUK Bills: Chancellor John Healey will ask Ofgem to scrap gas standing charges for about 23 million homes in 2027, shifting the costs to unit rates. The Treasury estimates 60% of households could save around £45 a year. Gas Supply: Bulgaria’s Bulgargaz plans extra withdrawals from Chiren storage to limit a November price rise, as European gas prices climb and low storage leaves markets exposed ahead of winter. Nuclear Rules: The European Parliament is pushing to bring forward requirements for European-made components in new nuclear plants, potentially removing a four-year grace period and raising costs for projects including Temelín and Kozloduy. Investment: Spain’s largest standalone battery portfolio to reach financial close will add 55 MW of power and 220 MWh of storage across three projects. Infineon will invest €1.1 billion at its Austrian site to expand gallium-nitride chip production, with nearly 30% backed by EU subsidies. Oil Markets: Brent rose above $115 a barrel after Yemen’s Houthis claimed a missile strike on Saudi Arabia’s Ras Tanura refinery; Saudi authorities had not confirmed damage.
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