Montenegro saw a notable decrease in electricity production in 2024, generating 3,447 GWh, which is a 15% drop compared to the previous year and 4.4% below the forecasted figures. The decline was largely attributed to unfavorable hydrological conditions, as reported by the Ministry of Energy. Hydropower production, which is a key component of the country’s […]
Hungary sets record low electricity consumption amid surge in solar power Read More »
Hungary set a new record for its lowest-ever electricity consumption on Easter Monday, thanks to exceptional solar energy production, as reported by Deputy Energy Minister and Government Commissioner Gabor Czepek. He noted that such low system loads were previously only observed in the early hours of the day before 2023. The previous record was set
Greece: Balancing market contributes 21% to earnings of electricity producers in 2023 Read More »
In 2023, the balancing market remained a crucial source of revenue for electricity producers, contributing approximately 21% of their total income, a trend expected to continue in 2024. Financially, the market generated €410 million last year, making up around 5% of the overall short-term electricity market. The balancing market consists of three main components: the
The installation of a new regasification module at the LNG terminal on the Croatian island of Krk is nearing completion, with operations expected to begin in October. This upgrade will increase the terminal’s maximum annual capacity, doubling it from 3.1 to 6.1 billion cubic meters of natural gas. An auction for the allocation of these
Banca Transilvania is extending €28 million in financial support to Simtel, a leading Romanian renewable energy company, to complete the development of a solar power plant in Giurgiu. The funding package includes a €16 million investment loan and a €12 million bridge loan, enabling Simtel to finalize the project, which is currently about 80% complete.
Romania: Eximprod Group completes 50 MW solar power plant in Prahova Read More »
Eximprod Group has successfully completed the construction of a 50 MW solar power plant in Ciorani, located in Romania’s Prahova County, marking a major milestone in the country’s renewable energy efforts. With an installed capacity of 49.5 MW, the solar facility is now undergoing final commissioning procedures and is in the process of being connected
Bosnia and Herzegovina: HPP Visegrad sees surge in electricity production in March 2025 Read More »
Hidroelektrane na Drini, a subsidiary of power utility ERS and operator of the Visegrad Hydropower Plant (HPP), reported a significant increase in electricity production for March 2025. The plant generated 120.21 GWh of electricity during the month, nearly doubling its February output of 63.97 GWh. Compared to March 2024, when production reached 103.63 GWh, this
In Week 16 of April 2025, Dutch gas prices saw a slight increase, despite the combination of warm temperatures and strong supply from Norway. TTF gas futures for contracts with delivery in May 2025 were slightly higher compared to the previous week but remained consistently below €40/MWh throughout the week. On Thursday, April 14, TTF
During Week 16 of 2025, electricity prices in the Southeast European (SEE) countries dropped across the board, influenced by a decline in electricity demand. Solar energy production also increased in most of the analysed markets. The week started with prices above €100/MWh but followed a downward trend throughout, ultimately dropping below €90/MWh by Sunday, April
In the third week of April, Brent oil futures for the Front Month on the ICE market continued to trade below $70 per barrel. The lowest settlement price was recorded on Tuesday, April 15, at $64.67 per barrel. However, prices increased in the last two sessions of the week, with the weekly maximum settlement price
