Gas Industry

Europe: ERS rules out electricity price hike in Republic of Srpska Read More »

Europe: ERS rules out electricity price hike in Republic of Srpska

Luka Petrovic, General Director of the state-owned power utility ERS, announced that there are no plans to increase electricity prices in the Republic of Srpska. He emphasized that the electricity system is expected to remain stable in the coming period, eliminating the need for any price adjustments. Petrovic highlighted that ERS has implemented several measures […]

Europe: EU boosts fossil fuel power as wind and hydropower decline in early 2025 Read More »

Europe: EU boosts fossil fuel power as wind and hydropower decline in early 2025

A sharp decline in electricity output from wind and hydropower plants prompted the European Union to increase its reliance on gas and coal generation in the first half of 2025. This shift led to the largest annual rise in fossil-fuel electricity production since 2017 and caused a 9 percent increase in carbon dioxide emissions compared

Region: Heatwave drives SEE electricity prices to summer highs in Week 30 of 2025 Read More »

Region: Heatwave drives SEE electricity prices to summer highs in Week 30 of 2025

In Week 30 of 2025, electricity market prices rose significantly across most Southeast European (SEE) countries compared to the previous week. All markets recorded weekly average prices above €100/MWh, with the exception of Türkiye. This marked the highest price point since the start of summer. The price increase was mainly attributed to elevated electricity demand

Romania: INVL Renewable Energy Fund I secures €29.3 million loan for 71 MW solar project Read More »

Romania: INVL Renewable Energy Fund I secures €29.3 million loan for 71 MW solar project

INVL Renewable Energy Fund I, managed by INVL Asset Management and focused on renewable energy projects, has obtained a €29.3 million loan from Kommunalkredit Austria to finance the construction of a 71 MW solar power plant in Dolj County, Romania. This loan represents the second financing line from the European infrastructure lender Kommunalkredit to the

Bulgaria: Bobov Dol thermal power plant reports reduced profit despite revenue growth in H1 2025 Read More »

Bulgaria: Bobov Dol thermal power plant reports reduced profit despite revenue growth in H1 2025

The Bulgarian thermal power plant Bobov Dol posted a net profit of approximately €150,000 in the first half of 2025, down from €380,000 in the same period last year. Total revenues increased significantly by 68.8%, reaching €108.3 million compared to the first six months of 2024. However, total expenditures also rose by 69.6%, amounting to

Bosnia and Herzegovina: Bosanski Brod oil refinery reports €15.3 million net loss in first half of 2025 Read More »

Bosnia and Herzegovina: Bosanski Brod oil refinery reports €15.3 million net loss in first half of 2025

The financial report for the first half of 2025 shows that the Bosanski Brod oil refinery incurred a net loss of €15.3 million, increasing its total accumulated losses to approximately €467 million. During the first six months of 2025, turnover rose to €13.3 million, up €5.1 million compared to the same period last year. However,

Bosnia and Herzegovina: Republic of Srpska considers 40% increase in electricity distribution network fee Read More »

Bosnia and Herzegovina: Republic of Srpska considers 40% increase in electricity distribution network fee

Distribution companies in the Republic of Srpska (RS) have formally requested a 40% hike in the electricity distribution network fee. Vladislav Vladičić, Chairman of the Regulatory Commission for Energy (RERS), confirmed that the proposal has been submitted. The Commission’s next meeting is scheduled for July 31, but it is still uncertain if the fee increase

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