Brent oil futures for the Front Month on the ICE market declined in most sessions during the fourth week of July, marking the second consecutive week of losses. The only exception was Thursday, July 24, when the settlement price rose by 1.0% compared to the previous day. The weekly high was recorded on Monday, July […]
In the fourth week of July, average electricity prices declined in most major European markets compared to the previous week. Exceptions included the EPEX SPOT markets of the Netherlands and Germany, as well as the Nord Pool market covering the Nordic countries, which experienced price increases of 0.9%, 1.2%, and 20%, respectively. The MIBEL markets
Europe: Electricity demand declines amid cooler weather during third week of July Read More »
During the week of July 21, electricity demand decreased in most major European electricity markets compared to the previous week. The most significant declines were observed in the Spanish and Belgian markets, with drops of 7.3% and 6.7%, respectively. The smallest reductions were recorded in Portugal and Italy, where demand fell by 1.6% and 1.7%.
European renewable energy trends: Solar declines, wind gains in late July Read More »
During the week of July 21, solar photovoltaic energy production declined across the main European electricity markets compared to the previous week. The largest drop was observed in the German market, where production fell by 21%. Portugal registered the smallest decrease, with a reduction of 2.0%. Other markets also experienced declines: Italy by 8.1%, Spain
According to data from the Statistical Office of the Republic of Slovenia, the country’s net electricity generation in June 2025 dropped by 25 percent compared to the same month in 2024. Total net production for the month amounted to 1,145 gigawatt-hours (GWh), which also represents an 8 percent decline from May 2025. Thermal power plant
The Serbian Government has expressed interest in taking over the Plandište wind power project, currently jointly owned by Serbian oil company NIS and Swiss-based MET Renewables. The news surfaced after a recent NIS Board of Directors meeting, during which board members acknowledged the state’s readiness to collaborate with MET Renewables to complete the development. The
In May 2025, North Macedonia’s total electricity consumption reached 376,989 megawatt-hours (MWh), while natural gas usage totaled 3.7 million cubic meters. Coal consumption stood at 341,047 tons, and petroleum product usage amounted to 97,186 tons, according to the State Statistical Office. Domestic production covered 89 percent of the electricity consumed during the month, and nearly
Croatia: RP Global begins construction of largest solar power plant with EBRD backing Read More »
In late April, Austrian renewable energy company RP Global began construction of the 21 MW Novalja solar power plant on the Croatian island of Pag. This project is set to become the largest solar facility in Croatia to date. The European Bank for Reconstruction and Development (EBRD) is supporting the development with a senior, non-recourse
ICGB, the independent operator of the Greece-Bulgaria interconnector pipeline, has implemented the DAMAS MMS:G commercial dispatching platform as a central component of its digital transformation efforts. This new system automates all of ICGB’s business and operational processes, allowing the company to manage international gas flows with increased speed, consistency, and transparency. Currently, the IGB pipeline
While energy markets across Europe have begun to stabilize following the disruptions of 2021 and 2022, Greece continues to experience electricity prices well above the European Union average. This ongoing disparity has drawn attention from EU officials, including Energy Commissioner Dan Jørgensen, who acknowledged the issue and suggested that European support may be considered. The
