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Repsol

Spanish economy 22nd October 2021

Repsol CEO Asks Brussels To Put More Emission Rights On The Market

According to Josu Jon Imaz, Repsol CEO, “it is not acceptable that there are industries which have to stop because they cannot assume the energy costs”. So he has asked the European institutions to immediately put more CO2 rights on the market which, in his opinion, would have an “immediate effect” on consumers’ electricity bills and on the competitiveness of industry. Imaz said that “European consumers are paying an oversized…

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Ignacio Galan Boris Johnson

European economy 22nd October 2021

Iberdrola To Invest £6 billion In An Offshore Wind Farm In The UK

Iberdrola will invest £6 billion (7.1 billion euros) in the UK through its subsidiary Scottish Power to develop the East Anglia Hub offshore wind farm complex. Iberdrola’s chairman made the announcement at the Global Investment Summit organised by Boris Johnson to boost foreign investment. The British PM thanked “for the investment and commitment to the country. You are always welcome”. The East Anglia Hub will be one of the largest…

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merchbank

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World economy 22nd October 2021

The Freight Rate For A Standard Container Almost Tripled To Around USD 10,000

Bert Flossbach (Flossbach von Storch) | Delivery times for goods are rising worldwide due to a lack of intermediate products. The acute shortage of semiconductors, which are used in almost all devices, machines and cars, is causing particularly large problems for many companies. Ford therefore stopped production at its plant in Cologne until the end of October and Opel even stopped production in Eisenach until the end of the year….

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interviews

Herman Simon

“I Hope That The New German Government’s Climate Change Plan Is Realistic”

Lidia Conde (Francfort) | Herman Simon, founder of Simon-Kucher & Partners, is best known for his 30 books, translated into 26 languages. His works on pricing and price management have become classics in the academic world. According to Manager Magazin, he is the world’s foremost pricing expert. Q: There will probably be a red-green cabinet supported by the Liberals. What do you expect from the new government “in the Chinese…

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“All Neighbouring Electricity Markets Have Been At Record Highs For Days. The Rules Are The Same Throughout Europe, And They Are Not Going To Change Them”

Almudena Díez | Red Electrica’s Director -Socorro Fernández Larrea- explains why the current price of electricity in Spain (140€ MW/h) has been at record highs for days: Q: How do you explain to consumers that the system can have such sharp fluctuations in the price of electricity that directly affect their pockets? A: Very easily, by telling the truth, if you like. The problem arises because the price of energy…

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