MOL Group and MVM Group have launched a strategic oil trading partnership aimed at expanding and stabilizing energy supply for Central Europe, particularly for landlocked countries like Hungary and Slovakia. The collaboration seeks to increase the volume of non-Russian crude processed in MOL’s refineries by up to 160,000 tons annually, contributing to regional diversification goals. […]
Greece: May GOs auction sees full allocation despite lower prices and holiday timing Read More »
The May guarantees of origin (GOs) auction, held on 8 May, concluded with all available certificates sold, despite lower prices and scheduling challenges. The auction, organized in separate rounds for solar and wind energy, offered GOs linked to renewable electricity generated in the last quarter of 2024 from installations that began operating after 1 January
The Croatian Power Exchange (CROPEX) set a new trading record on its intraday continuous market for the delivery day of 21 May 2025, reaching a total volume of 23,176.3 megawatt-hours (MWh). Of the total, 20,697 MWh were traded in 60-minute products, while 2,497.3 MWh were exchanged through 15-minute products. This new milestone reflects the increasing
Bulgarian Energy Minister Zhecho Stankov confirmed that coal-fired power plants and coal-based heating facilities will remain in operation throughout the upcoming winter. He emphasized that there will be no shutdowns or restrictions imposed on these energy sources. Stankov announced that Bulgaria has submitted a detailed proposal to the European Commission, which includes an indefinite postponement
Bulgaria: IBEX sets new daily record on intraday market with over 22,500 MWh traded Read More »
The Independent Bulgarian Energy Exchange (IBEX) set a new daily trading record on its intraday market segment using the continuous trading mechanism for the delivery day of 21 May 2025. A total of 22,546.78 megawatt-hours (MWh) were traded, marking a new high. Of this amount, 17,547 MWh were exchanged through 60-minute products, while 4,999.78 MWh
The Agency for the Cooperation of Energy Regulators (ACER) has released a report highlighting recent changes in the European LNG market and offering strategies to manage risks related to fluctuating prices and supply. With uncertainty surrounding the EU’s climate goals, future gas consumption remains unclear. LNG demand could vary by up to 90 billion cubic
North Macedonian fuel retailer Makpetrol has announced a gross dividend of approximately 68.3 euros per share for 2024, marking an increase from the previous year. The decision was approved by shareholders and reflects the company’s improved financial results. The total dividend payout for 2024 will amount to around 6.91 million euros. In comparison, the gross
PPC Group has published its financial results for the first quarter of 2025, reporting an adjusted EBITDA of 450 million euros. The figure reflects the impact of seasonal factors, particularly unfavorable weather conditions in Greece and Romania that reduced renewable energy output. Lower rainfall and weak wind conditions led to a decline in generation across
Greece: Alpha Bank backs €316 million solar power investment Read More »
Greek Alpha Bank has committed to financing the construction of four new solar power plants in Greece, with a total capacity of 267 megawatts. These projects will be developed by local subsidiaries of the investment fund managers Foresight and Mirova. The financing package, coordinated solely by Alpha Bank, includes support from Greece’s Recovery and Resilience
A meeting was recently held at the headquarters of power utility EPBiH, bringing together key representatives from the energy sector to address the ongoing legal unbundling of electricity distribution from other energy-related activities. This separation, however, depends on amendments to existing legislation, as the creation of new distribution companies cannot proceed under the current legal
