Tag: Electricity Prices

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Radioactive Leak at Europe’s Largest Nuclear Reactor – Investigation Underway

A radioactive coolant leak was reported at Finland’s Olkiluoto 3 nuclear power plant, Europe’s largest reactor. The incident occurred when a reactor pool hatch was not properly sealed, resulting in nearly 100 cubic meters of slightly radioactive coolant leaking into containment rooms and the drainage system. The plant’s operator, Teollisuuden Voima (TVO), stated that the leak posed no risk to personnel or the environment, and safety measures were immediately implemented. Finland’s Radiation and Nuclear Safety Authority (STUK) is monitoring the situation, while an investigation is underway to determine the cause and prevent future incidents.

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Cyprus to Monetize Gas with Egypt Deals

Cyprus and Egypt will sign two landmark natural gas agreements on Monday, marking the first-ever commercialization of Cyprus’s offshore reserves. These deals, involving major energy companies like ENI, Total, Chevron, Shell, and NewMed, are expected to significantly boost Cyprus’s economy and reduce electricity prices.

electricity

Eurostat: Tax Increases Dampen Gas Price Reductions and Raise Household Electricity Costs in Greece

In the first half of 2024, average household electricity prices in the EU rose slightly to €28.9 per 100 kWh, despite a decrease in energy costs and supply services. In Greece, the share of taxes in electricity bills increased significantly from 18.5% to 24.3%. Meanwhile, average gas prices fell by 7% across the EU, with Greece experiencing a notable 39% decrease. While gas prices are declining, rising taxes continue to challenge household electricity costs, impacting consumers throughout the region.

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Greece’s Prime Minister Kyriakos Mitsotakis Emphasizes Strong Voice in Europe and Domestic Reforms

Prime Minister Kyriakos Mitsotakis emphasized the importance of Greece’s strong voice in Europe during an interview with ANT1 TV. He discussed various topics, including the significance of Greece’s role in European decision-making, the new wave of populism, and his government’s achievements and future plans.