POWER: Austria Orders Utilities to Prioritise Cheaper Power
Dec-12 13:36
Austria has approved new rules forcing state-owned utilities to prioritise cheaper electricity for consumers by capping profit margins and mandating faster pass-through of wholesale savings, the government said, cited by Bloomberg.
- The mandate will be implemented within six months and will impact state-owned firms like Verbund, Energy Minister Wolfgang Hattmannsdorfer.
- The Low-Cost Electricity Act also caps feed-in tariffs at €0.50/MWh, restricts solar and wind curtailments, and exempts most household PV systems from feed-in charges.
- Additionally, it enables subsidised power prices for around 280,000 participants and enables “peer-to-peer” power sharing in energy communities.
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MNI: CANADIAN SEP BUILDING PERMITS +4.5% MOM
Nov-12 13:30
- MNI: CANADIAN SEP BUILDING PERMITS +4.5% MOM
- CANADA RESIDENTIAL BUILDING PERMITS +4.8% MOM; NON-RESIDENTIAL +4.0% MOM
US: MNI POLITICAL RISK - House Tees Up Votes To End Govt Shutdown
Nov-12 13:25
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- At 19:30 ET 00:30 GMT, President Donald Trump will host a White House dinner for finance leaders, including the chief executives of Nasdaq and JPMorgan Chase. White House Press Secretary Karoline Leavitt will brief at 13:00 ET 18:00 GMT.
- Secretary of State Marco Rubio will participate in G7 sessions in Canada on Ukraine and maritime security. A meeting with Canadian Foreign Minister Anita Anand will offer an opportunity to reset trade talks.
- The longest government shutdown in US history appears set to end tonight. The House of Representatives will gavel in at 16:00 ET 19:00 GMT to begin voting on the Senate's CR/minibus package. A final vote is expected at around 19:00 ET 00:00 GMT.
- The White House appears to be taking steps to dial down tensions with key trading partners. Trump’s tariffs may be weakening a key security alliance in the Indo-Pacific.
- The White House took another step towards shuttering the Consumer Financial Protection Bureau.
- Washington and Riyadh are finalising agreements ahead of Crown Prince Mohammad bin Salman's visit next week.
- Russia's Foreign Ministry said Moscow is ready to resume talks with Ukraine.
- The most advanced US carrier fleet arrived in Southern Command yesterday. Trump's end goal in Venezuela remains unclear, but experts say the buildup of military assets in the southern Caribbean is inconsistent with small-scale strikes on alleged drug boats.
- Poll of the Day: Nearly half of Democrats disapprove of the government shutdown deal.
Full Article: US DAILY BRIEF
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Nov-12 13:15
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