Tag: Energy Prices
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Rollback in Pump Prices Seen for Christmas Week as DOE-OIMB Forecasts Commodity Declines
Summary: A Potential Price Drop for Consumers Fuel buyers may see relief at the pump during the Christmas week as the Department of Energy – Oil Industry Management Bureau (DOE-OIMB) forecasts a rollback in pump prices. The agency indicated that a combination of softer global oil prices, regional supply dynamics, and local market factors could…
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Europe’s Industrial Anxiety: Is the Continent Doomed or Rebuilding for Resilience?
Introduction: A Crisis of Confidence in Europe’s Industrial Future Across Europe, a quiet but persistent question lingers: is the continent’s industrial base doomed to stagnation or collapse in the face of energy volatility, regulatory hurdles, and fierce global competition? The perception has grown sharper in recent years as legacy industries confront decarbonization, supply-chain disruptions, and…
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Albanese’s Salad Days: Navigating Stagflation, Soaring Bills, and Political Spectacle
Introduction: A Prime Minister in a Tight Spot Anthony Albanese returns from yet another international foray to find Australia grappling with stubborn inflation, rising energy and grocery costs, and a political climate quick to connect the dots between global turbulence and everyday wallets. The spectre of stagflation—slower growth paired with high prices—looms over the Prime…
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LPG Price Rollback Set for November 1, 2025: Household LPG Costs Ease Across the Board
What’s Changing in November 2025 Households across the country are set to enjoy a modest relief in their monthly cooking gas expenses as the price of liquefied petroleum gas (LPG) is scheduled to be rolled back on November 1, 2025. Petron Corp., one of the country’s leading LPG suppliers, announced a reduction of P0.50 per…
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Tomago Aluminium Smelter at Crossroads: Rio Tinto Considers Closure as Power Costs Rise
Overview: A Major Australian Smelter’s Future in Question Rio Tinto has disclosed it is weighing the potential cessation of operations at Tomago, Australia’s largest aluminium smelter, following concerns that current electricity costs render continuing operations commercially unviable. The company is currently in a consultation phase with its staff as it assesses options ahead of the…
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Australia’s Tomago Smelter Could Close as Rio Tinto Notes Not Commercially Viable
Overview: Tomago Smelter at a Crossroads Australia’s largest aluminium producer, the Tomago smelter in New South Wales, is facing a pivotal decision as Rio Tinto contemplates ceasing operations when the current electricity supply contract ends. The company has begun a formal consultation process with employees on the potential future of the site, but a final…
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Tomago Aluminium Smelter Faces Viability Questions as Rio Tinto Considers Closure
Background: Australia’s Largest Aluminium Smelter under Review Australia’s largest aluminium smelter, Tomago near Newcastle in New South Wales, is under consideration by owner Rio Tinto for potential closure as its current electricity contract nears expiry. The company disclosed that it is weighing options at the end of its existing electricity supply agreement with AGL Energy,…
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Norgepris: Norway’s price protection against high electricity costs
What is Norgepris and why is it getting attention? Norgepris, a government-backed safeguard against soaring electricity bills, has lately attracted interest beyond Norwegian borders. The scheme fixes a price at 40 øre per kilowatt-hour (kWh), excluding taxes and surcharges. If the market price rises above this level, the state covers the difference, effectively capping household…
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Understanding Why Your Electricity Bill May Rise Despite Tax Cuts
Introduction Despite the upcoming reduction of the electricity tax to 41.1 öre per kilowatt-hour on January 1, 2026, many households might still face higher electricity bills. This article explores the reasons behind potential cost increases, focusing on new pricing regulations and consumption patterns in the Nordics. Norge Pricing: What It Means for Sweden Starting October…
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The Romanian Government: The Biggest Player in Energy Profits
Introduction The energy sector in Romania has witnessed substantial transformations in recent years, particularly with the government’s role increasingly coming into focus. As the largest ‘smart player’ in the market, the Romanian government has been capitalizing on substantial profits generated by state-owned companies, which account for three-quarters of the sector’s total profits. This trend raises…