OMV Terminates Gas Contract with Russia
The energy firm says it has fully replaced Russian gas with alternative sources and there are no supply risks.
Upper Austria Proposes 250 Million Euro Wind Power Project
According to the Ministry of Environment, this could sextuple the current wind energy output in the state, which has so far resisted the expansion of wind power.
€800 Million Power Supply Project in Upper Austria
The project aims to replace the outdated 110-kV grid in the central region with a 220-kV supply ring.
Citizen-Owned Solar Power Plants on the Rise
Residents can invest in photovoltaic systems by purchasing up to five €250 “solar packages,” or individual solar modules.
Russian Gas ‘May Still Be Reaching Austria’
Analysts say OMV may be buying gas on the market to cover its losses, with some of it possibly still coming from Gazprom.
Smart Meter Rollout ‘Almost Complete’
More than 85% of meters have now been replaced with digital devices, but smaller operators may need more time to finish upgrades.
OMV Wins €230 Million in Dispute with Gazprom
Since Moscow’s invasion of Ukraine in February 2022, Austria, along with other EU countries, has been moving away from Russian energy.
Fuel and Heating Costs to Rise with CO2 Tax Increase
The tax rise is part of the government’s efforts to curb emissions and will be offset by an increase in the climate bonus scheme.
Austria to Cut Gas Network as Households Move Away from Gas
As more Austrian households turn to alternative heating, the remaining gas users risk ending up with higher bills.
Nearly 85% of Austria’s Electricity Comes from Renewables
The 84.73% derived from renewables comprised 61.65% hydropower, 12.15% wind energy, and 10.93% solar energy, biomass, and other renewables.
