Tag: Energy Regulation
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Mustapha Abdul-Hamid Denies Asset Seizure by OSP Amid Investigation Rumors
Background: Who is Mustapha Abdul-Hamid? Mustapha Abdul-Hamid, a former chief executive officer of the National Petroleum Authority (NPA), has been at the center of speculation surrounding investigations led by the Office of the Special Prosecutor (OSP). In recent days, he publicly stated that claims of asset seizures are false, underscoring his view that misinformation is…
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Watchdog: Synergy Isn’t the Only Energy Company Overcharging Amid $40 Million Bungle
Overview: A $40 Million Overcharging Bungle The Economic Regulation Authority of Western Australia (ERAWA) has revealed a significant governance lapse at WA’s largest energy retailer, Synergy, that led to about $40 million being charged to customers for non-existent bills since 2009. The episode is described by the watchdog as a serious governance failure with potential…
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EU Court’s Decision on Hungary’s Paks Nuclear Subsidies
Introduction The European Court of Justice (ECJ) recently made headlines by annulling the European Commission’s (EC) decision to approve state subsidies for Hungary’s Paks Nuclear Power Plant expansion. This ruling not only affects Hungary’s energy strategy but also raises significant questions regarding EU regulations and state aid policies. Background of the Case The Paks Nuclear…