At the Delphi Economic Forum in Greece, Bulgarian Energy Minister Zhecho Stankov underscored the strategic importance of maximizing the use of existing gas infrastructure to enhance energy security across the region. He revealed that Bulgaria is close to sealing an agreement with Shell for natural gas exploration in the Black Sea, reflecting growing international interest […]
Bosnia and Herzegovina: ERS sees surge in electricity exports amid hydropower boos Read More »
Luka Petrović, Director of Bosnia’s state-owned power utility ERS, reported a significant rise in electricity exports over the past month—a trend he expects to continue. The increase comes thanks to recent rainfall that greatly enhanced hydroelectric output, especially from the Drina and Vrbas hydropower plants (HPPs). This influx of water also helped replenish the Bileća
Region: SEE electricity market sees price drop and decline in demand in Week 14 of 2025 Read More »
In Week 14 of 2025, electricity prices across Southeast Europe (SEE) saw a slight decrease, driven by lower electricity demand, falling gas and CO₂ prices, and increased solar energy production. Although prices initially surpassed €100/MWh, they gradually dropped throughout the week. Notably, Croatia and Serbia experienced the largest price reductions, with decreases of -23.52% and
Romania: Verbund acquires 272 MW wind project from Monsson Read More »
Verbund Wind Power Romania, the Romanian arm of Austria’s energy group Verbund, has acquired a fully developed wind project from renewables developer Monsson. The project, located in Caras-Severin county, has a planned capacity of 272 MW and is expected to generate approximately 569 GWh of electricity annually. The transaction involves a ready-to-build project, with all
In March 2025, electricity trading on North Macedonia’s day-ahead electricity exchange reached a total volume of 97,069.6 MWh. This represents a significant 44.9 percent increase compared to the 67,003.4 MWh recorded in March 2024, highlighting the continued development of the country’s electricity market. Despite the year-on-year growth, the traded volume was 15.3 percent lower than
Hungary has taken another step forward in its plans to expand the Paks nuclear power plant, as production begins on key components for two new reactor units. In Russia, fabrication is underway on the reactor vessel for Unit 6, while in France, the first parts of the turbine for Unit 5 are now being manufactured.
HDZ BiH leader Dragan Covic met in Mostar with Croatian Economy Minister Ante Susnjar and Ivica Arar, CEO of Croatia’s natural gas transmission system operator Plinacro. The meeting focused on energy cooperation, with Plinacro identified as a crucial partner in Bosnia and Herzegovina’s energy transition and the Southern Gas Interconnection project. According to a statement
Serbian state-owned gas company Srbijagas is currently in a dispute with Gas Promet from Pale, located in the Republic of Srpska (RS), over unresolved property and legal matters. The conflict arose after Srbijagas initiated legal proceedings against Gas Promet, which denies owing a debt of 1.5 million euros and refuses to record it in its
Hungary leads the world in solar power share as global renewables surge Read More »
A new report from the energy think tank Ember on global electricity trends in 2024 highlights Hungary as the leading country in terms of solar energy share, with solar accounting for 25 percent of its total electricity production. This pushed Hungary ahead of both Chile and Greece, which each had a 22 percent share. In
Plamen Mladenovski, the newly appointed Chairman of the Bulgarian Commission for Energy and Water Regulation (KEVR), has said that natural gas prices in the country could decrease by at least 10% in the near future, as global market prices continue to decline. He pointed out that KEVR has already reduced natural gas prices for April
