Energy

During the day, it's been around $120 a barrel, so G7 ministers have met and expressed their readiness to take action and release their reserves.

In the midst of the Iranian war, fuel prices are rising day by day. In the Basque Country, diesel is now EUR 1,767 per litre and petrol EUR 1,649. The Spanish Government approved aid when these fuels were EUR 1.91 per litre and EUR 1.81 per litre respectively by 2022.

As a result, the price of petrol and diesel has increased considerably.

The increase in the price could be felt more in light than in gas and will depend on the type of contract of each household.

Imanol Pradales, together with the Director of Industry, Energy Transition and Sustainability, Mikel Jauregi, visited the company Lointek in Urduliz (Bizkaia) on the occasion of its 30th anniversary. During his speech, Pradales highlighted the impact of the price of electricity on the competitiveness of the Basque industry, especially in the case of electro-intensive companies, "on which thousands of jobs depend."

The new Royal Decree, promoted by the Ministry for Ecological Transition and Demographic Challenge, provides that electrodependents and vulnerable persons may not be suspended from electricity even if they do not pay, and suspension of contracts shall not generally be punishable.  Penalties are also provided for companies for violations of the rules.

Dagoeneko hasi dituzte 100 megawatteko (MW) eskala handiko bigarren elektrolizagailu bat eraikitzeko lanak Petronorreko findegian, Muskizen (Bizkaia). Aurreikuspenen arabera, 2029an jarriko dute martxan, eta hasierako inbertsioa 300 milioi euro ingurukoa izango da.

The judge has ruled that "the facts investigated are based on an act of computer terrorism".

Repsol's leader and former PNV president, Josu Jon Imaz, has thanked the US president for "opening the door to a better Venezuela," and has shown his willingness to triple production.

TEPCO will reactivate the world's largest nuclear power plant in January after receiving approval from local authorities.

The purpose of this draft regulation is to strengthen security measures in the telecommunications sector, to prevent or reduce the impact of such incidents on the safety of users and to restore communications as soon as possible. Operators must legally ensure the efficiency of 'first level' infrastructures for at least 24 hours and 12 hours for 'intermediate level' infrastructures, which will be classified by the operators themselves.

These calm waters are at the heart of the world's biggest geopolitical storm, transporting more than 20% of the world's oil produced from this strait between Iran and Oman for sale across the globe.

The new project envisages installing four 110 metres high and 7.8 MW of unit power windmills (previously 7), as well as an anemometric tower of 99.5 metres. Although generators would be installed in Amurrio, the evacuation line would also affect the municipality of Ayala. With these changes the total power would rise to 31.2 MW and the investment would fall to 24.8 million.

Brazilian President Luiz Inacio Lula da Silva has accused the big banks of subsidizing the oil sector and the war in Ukraine of encouraging the exploitation of fossil fuels.

The Minister of Industry, Energy Transition and Sustainability has stated in "Egun on Euskadi" that "our dependence on Russia is over, but we are now creating dependence on North America."

The Basque Country network will be divided into two parts. According to the project designed by Enagás, the works will begin in 2028 and end in 2030 and will require an investment of EUR 400 million.

The final decision of the Spanish Government to reject once and for all the project that the Norwegian company Statkraft planned to build in Aramaio and Eskoriatza is "in line" with the criterion of the Basque Government, according to the Deputy General and Deputy of Sustainability of Gipuzkoa . 

In the first nine months of the year, investment has increased by 4%, to 8,964 million euros, of which more than 60% have been made in the United Kingdom and the United States, 55% of which have been earmarked for the network business. Iberdrola will propose a "record" dividend of at least 0.25 euros per share, 8.2% more than in the first nine months of 2024. 

Over the past two weeks, a number of incidents have been detected in the grid, including "sudden changes in voltage," which could lead to "disconnection of electricity demand or supply,"  and destabilization of the entire grid. 

The Basque Government requested an additional capacity of 6,000 megawatts, which would have meant the Basque Country moving from the current 12,000 MW to 18,000 MW.