Europe: Oil, gas and CO2 futures see mixed trends in early May 2025 Read More »
During the first week of May 2025, Brent oil futures experienced a downward trend in the ICE market. On Monday, April 28, the settlement price for the Front Month contract reached its weekly peak at $65.86 per barrel. However, by Friday, May 2, the price dropped to its weekly low of $61.29 per barrel, representing […]
Europe: Electricity prices drop in early May amid increased wind and solar production Read More »
During the first week of May 2025, average electricity prices across major European markets dropped compared to the previous week. The Nord Pool market in the Nordic countries and the MIBEL market in Spain saw the largest percentage decreases, with prices falling by 59% in both cases. The UK’s N2EX market and Italy’s IPEX market
During the week of April 28, 2025, electricity demand decreased across most major European markets. Spain experienced the most significant drop, with a 13% reduction, followed by France and Portugal, which saw declines of 11% and 8.6%, respectively. Other markets also saw a decrease in demand, including Great Britain (down 7.6%), Germany (down 4.1%), and
Europe sees mixed solar and wind energy production trends in late April 2025 Read More »
During the week of April 28, solar photovoltaic energy production saw significant increases in Germany and France, rising by 30% and 22%, respectively. Italy also saw a more modest increase of 6.5%. These markets continued their upward trend for the second consecutive week. However, in Spain and Portugal, production dropped considerably. In Spain, the decline
Romania to prioritize stalled hydropower projects as national security issue Read More »
Romania plans to designate its incomplete hydropower projects as matters of national security, according to acting President Ilie Bolojan. Legislation aimed at fast-tracking these developments is expected to be drafted in May. Many of the projects, stalled for decades, are between 60% and 90% complete, with some dating back to before the 1989 fall of
Bulgaria sees strong growth in electricity production and consumption in early 2025 Read More »
Bulgaria experienced a notable rise in electricity production during the period from 1 January to 4 May 2025, reaching 15.53 TWh, which is an increase of 13.43% compared to the same period in 2024. At the same time, electricity consumption grew by 8.62%, totaling 14.51 TWh. As a result, the country recorded net electricity exports
Bulgaria: IBEX reports slight decline in April 2025 day-ahead trading volume Read More »
In April 2025, a total of 2,306,921.9 MWh of electricity was traded on the day-ahead market of the Independent Bulgarian Energy Exchange (IBEX), representing a 3.7 percent decrease compared to the previous month. Despite the decline, the traded volume was 6 percent higher than in April 2024. The average daily traded volume during the month
Bosnia and Herzegovina: RiTE Ugljevik suffers loss, while RiTE Gacko recovers Read More »
In the first quarter of 2025, Coalmine and Thermal Power Plant (RiTE) Ugljevik reported a loss of approximately 2.71 million euros, marking a steep decline from the 1.84 million euro profit recorded in the same period last year. The company’s latest financial report reveals a sharp drop in revenue, which fell to 18.81 million euros
Albania approves development of two new solar power plants totaling 54 MW Read More »
The Albanian government has greenlit the construction of two new solar power plants with a combined installed capacity of 54 megawatts (MW). Both projects must be completed within 36 months from the date of approval. The first project involves the development of a 30 MW solar facility in the village of Povelce, located in the
Europe: EU plans complete ban on Russian gas imports by 2027 Read More »
The European Union is preparing to introduce new measures aimed at ending all imports of Russian gas by the end of 2027. As a first step, the European Commission intends to ban all new contracts for Russian gas, including spot market deals, by the end of 2025. These spot deals currently represent about one-third of
