The Bulgarian government has finalized a state-backed guarantee agreement with Investbank to support a long-term loan of €25 million for the state-owned gas transmission operator Bulgartransgaz. The agreement, signed on 16 September, is intended to fund the expansion of Bulgartransgaz’s transmission network as part of the broader Vertical Gas Corridor program, which connects gas operators […]
According to data from the Bulgarian electricity transmission system operator (ESO), electricity production in Bulgaria between January 1 and September 28, 2025, increased by 7.1% compared to the same period in 2024, reaching a total of 30.08 TWh. During the same period, electricity consumption in the country rose by 5.3%, amounting to 27.93 TWh. This
Nuclearelectrica has awarded a major contract to the partnership of Concelex and Bog’Art for the expansion of the spent fuel intermediate storage facility at the Cernavoda nuclear power plant. Valued at 42.7 million euros, the contract covers the construction of six new storage modules and the installation of a high-capacity gantry crane. The project includes
Croatia: HEP ESCO launches 5.3 million euro tender for 90 rooftop solar projects Read More »
HEP ESCO has launched a public tender worth 5.3 million euros for the construction of 90 solar power plants on the roofs of its facilities across Croatia. Companies can submit bids until 3 November. The tender is divided into five regional groups covering the entire country. The first group targets Zagreb and surrounding areas, with
Croatia: CROPEX launches CRODAX hourly reference index for day-ahead market Read More »
With the launch of 15-minute products on 30 September, CROPEX has introduced the hourly reference index CRODAX for the day-ahead market. CRODAX represents the hourly index of the day-ahead market, reflecting the average price for each hour. It is calculated as the arithmetic mean of all 15-minute price intervals within that hour. It is important
OMV Petrom has completed the acquisition of a 50% stake in the Gabare solar project, developed by Enery in Bulgaria. The transaction, initially announced in June 2025, marks a significant milestone in the company’s regional expansion strategy and strengthens its renewable energy portfolio. The solar plant, located in the Gabare area of Byala Slatina, will
Electricity prices for businesses in Bulgaria decreased in the first half of 2025 compared to the second half of 2024, according to data from the National Statistical Institute. The only exception was the smallest corporate users consuming less than 20 MWh per year, who experienced a 6.9% increase. The largest reduction was recorded among major
Bulgaria approves 1% increase in October wholesale natural gas price Read More »
The Bulgarian Commission for Energy and Water Regulation (KEVR) has approved a 1% increase in the wholesale natural gas price for October 2025. The wholesale price has risen to approximately 31.2 euros per megawatt-hour, excluding VAT and excise duty. Previously, KEVR approved a 2.5% decrease in the wholesale natural gas price for September. The newly
Europe: Brent oil, TTF gas and CO₂ futures show mixed trends in late September Read More »
In the fourth week of September, Brent oil futures for the Front-Month on the ICE market saw their weekly minimum settlement price of $66.57 per barrel on Monday, September 22. Prices rose throughout the week, reaching a weekly maximum settlement of $70.13 per barrel on Friday, September 26. This represented a 5.2% increase compared to
In the fourth week of September, average electricity prices increased in most major European markets compared to the previous week. Exceptions included Italy’s IPEX market, which fell slightly by 0.9%, and the MIBEL market of Spain and Portugal, which dropped 18%. France’s EPEX SPOT market saw the smallest increase at 34%, while the Nord Pool
