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Energy

Gas Prices in Greece: Cheaper to Fly to Paris Than Drive to Thessaloniki

Gas prices have risen so much in Greece -- just as they have in the rest of the world -- that it is cheaper for an Athenian to take a flight to Paris than to drive to the northern...

US Senators Introduce Act to Ban Russian Oil, Energy Imports

US Senators introduced a bill that would ban Russian oil and energy imports on Thursday. The "Banning Russian Energy Imports Act" already has widespread support, says senator Joe Manchin, a Democrat from West Virginia, who said that the legislation...

Greece’s Annual Inflation Rate Jumped to 6.2% in January

Greece's annual inflation rate jumped to 6.2 percent in January from 5.1 percent in December and -2 percent in January 2021, the Hellenic Statistical Authority said on Tuesday. More specifically, all items included in the so-called "basket of goods" recorded...

Tilos, Greece’s First Energy-Self-Sufficient Island

The Greek island of Tilos in the Dodecanese has become the first in the entire Mediterranean to become fully self-sufficient in energy.

Electricity Prices Skyrocket in Greece, Europe as Winter Sets In

Greece and the rest of Europe are facing an energy crisis with electricity prices skyrocketing to new records on Wednesday as winter sets in. According to the European platform EEX, wholesale prices of electricity at over 400 euros ($450) per...

Greece Pushes For EU-Wide Response to Energy Crunch

Greece pushed for a EU response to the tackle the ongoing energy crunch at the summit of leaders that took place on Thursday and Friday in Brussels. However, EU leaders shunned sweeping action by adopting a moderate list of measures...

Could EU Energy Price Hikes Lead to a Global Energy Crisis?

Gas and other energy prices have spiked in Greece, Europe and globally in the past two weeks. Experts have been researching whether this could lead to a new global energy crisis, like the one in the 1970s. Analysts believe gas...

Greece Offers Power Subsidy to Households as Energy Price Soars

Greece announced on Friday a series of measures that would offer households subsidies to cope with soaring energy prices. “In this unprecedented energy crisis, we will not leave anyone unprotected,” said Environment and Energy Minister Costas Skrekas at a joint...

Elon Musk Bullish on Future of Nuclear Energy

Elon Musk, who has an outsize influence on public opinion, whether it be on alternative energy or Bitcoin, had some striking things to say recently, stating that nuclear energy should provide part of the world's energy needs in the...

Greece Sells Majority Stake of Public Power Corporation

Greece's Public Power Corporation (PPC) is expected to complete a share capital increase plan worth around 750 million euros by early November, following a decision reached by its board on Thursday. The process is set to bring the state’s share...