On 4 April 2022, the German government announced that it had placed Gazprom Germania GmbH under a temporary trusteeship. Germany's federal energy regulator, Bundesnetzagentur, will serve as the temporary trustee of the German entity of the Russian Government majority-owned Gazprom until 30 September 2022.
Germany
Russia supplies over 30 percent of the European Union's natural gas requirements, setting up for extraordinary disruption events. In this follow up to our previous Ukraine scenario analysis we'll take a deeper look at the ongoing crisis and how NUS is approaching the energy market during these unprecedented times.
Europe
During the past several months, we saw gas prices in Europe reach a peak of €180 MWh. In the event of a Russian invasion and takeover of Ukraine, we most likely will eclipse this level – significantly elevated prices could remain in place for several weeks/months.
Europe
Utilizing California's Direct Access system and purchasing energy from Electric Service Providers (ESPs) can provide more stable pricing through long-term fixed contracts, which provide the customer greater visibility of its future electricity costs.
United States
Last week President Andrés Manuel López Obrador of Mexico hosted US Energy Secretary Jennifer Granholm for talks about his government's controversial plans to tighten control over the energy sector. Since taking office in late 2018, the President has led an assault on the Mexican Reform Act of 2014.
Mexico
Last Thursday, the French Government announced several significant changes concerning the country's domestic electricity market. These changes were designed to address and alleviate some of the impacts of the steep rise in electricity prices.
France