In Spain

The Rise In Gas (+200%) And CO2 (To 45 Euros Per Tonne) Is Pushing Up The Price Of Electricity In Europe

ASE Group | The rise in the price of CO2 emissions, up 36% so far this year to 45 euros per tonne (when a year ago it was around 15 euros per tonne) and in the price of gas, up 200%, is pushing up electricity prices across the continent, both current prices and those on the futures markets. Thus, for example, in Spain, the daily price of electricity on the wholesale market for the first 15 days of April stood at 58.13 €/MWh. This is 60% higher than at the end of March and also 60% above the average for the month of April in the last 5 years. If we compare it with April of last year, in the middle of the sanitary confinement, the price rises by 229%.

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O2 and Virgin Media Merger Puts £5.5 Billion In Telefónica’s Coffers

T.C. | The Competition and Markets Authority (CMA), the UK’s competition regulator, has provisionally cleared the merger of O2, Telefónica’s UK mobile subsidiary, and Virgin, the cable group controlled by US-based Liberty Global, into a company – 50% owned by the two partners – valued by the market at around 45 billion euros (more than £38 billion) and which will become, along with BT, the UK market leader. If BT has 46.3 million customers, the new company will have 46.5 million (32.6 million mobile, 5.3 million fixed broadband, 4.9 million fixed voice and 3.7 million pay TV).