During the first week of November, average electricity prices rose in most major European power markets compared to the previous week. The exceptions were the Nord Pool market in the Nordic region, which fell by 13 percent, and the MIBEL markets of Portugal and Spain, where prices dropped by 29 and 30 percent, respectively. The […]
Europe: Electricity demand rises in early November as temperatures drop Read More »
During the first week of November, electricity demand rose across the main European markets compared to the previous week. Belgium recorded the largest increase at 3.7 percent, while Portugal registered the smallest rise at 1.4 percent. In Italy, France, Spain, Great Britain, and Germany, demand grew between 1.9 percent in Italy and 2.9 percent in
Solar and wind power trends shift across Europe in early November Read More »
During the week of November 3, solar photovoltaic (PV) production increased across all major European power markets compared to the previous week. France recorded the highest growth at 16 percent, while Spain saw the smallest increase at 4.9 percent. Germany, Italy, and Portugal registered growth rates of 10, 11, and 13 percent, respectively. It was
Region: Romania, Greece sign MoU to boost LNG supply and regional energy integration Read More »
At the Partnership for Transatlantic Energy Cooperation 2025 (P-TEC 2025) forum in Athens, Romanian Nova Power & Gas, Transgaz, and Greek Atlantic-See LNG Trade signed a memorandum of understanding to enhance cooperation on liquefied natural gas (LNG) supply and regional energy diversification. The agreement aims to establish joint procurement mechanisms that will reduce reliance on
Romania: Day-ahead power prices surge 36% year-on-year in October 2025 Read More »
The average day-ahead electricity price on Romania’s OPCOM energy exchange rose to 121.9 EUR/MWh in October 2025, marking a 35.9 % increase year-on-year and 25.6 % higher than in September (97.05 EUR/MWh). Trading activity reached 1.47 million MWh, down 3.5 % from October 2024 but up 26.3 % month-on-month. The average hourly traded volume was
Hungary granted one-year US sanctions waiver to continue importing Russian energy Read More »
Hungarian Prime Minister Viktor Orbán announced that Hungary has secured an exemption from US sanctions on Russian oil and gas, following a meeting with US President Donald Trump in Washington. The waiver allows Hungary to continue importing Russian crude and natural gas via the TurkStream pipeline and the Druzhba oil network, despite the broader sanctions
EU regulator urges Greece to probe possible market manipulation by power producers Read More »
The European Union Agency for the Cooperation of Energy Regulators (ACER) has urged Greece to investigate whether electricity producers intentionally withheld generation capacity during the summer of 2024 to influence market prices. The agency also called for greater data transparency to improve monitoring and prevent potential market abuse. According to ACER’s analysis, generation behavior played
Greek state energy company DEPA and construction giant Aktor have signed a 20-year, €25 billion contract with US producer Venture Global to import up to 4 billion cubic meters of LNG annually starting 1 January 2030. The agreement, concluded through their joint venture Atlantic-See LNG Trade during the 6th Transatlantic Energy Cooperation Summit in Athens,
A planned shipment of 58,000 tons of Arab Light crude oil, scheduled to arrive on 6 November under an existing contract between Croatian pipeline operator JANAF and Hungary’s MOL Group, has been delayed due to what Slovak refinery Slovnaft calls logistical failures by JANAF. The disruption, according to Slovnaft, violates contractual obligations and threatens the
Bulgaria takes full control of Lukoil operations under new emergency law Read More »
Bulgaria’s Parliament has passed sweeping legislation granting a state-appointed special commercial administrator (SCA) full control over the Bulgarian assets of Russian oil giant Lukoil, effectively suspending shareholder authority. The administrator now has exclusive power over management decisions, share transactions, and asset sales. This marks the second major intervention involving Lukoil in two months, following an
