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Europe: Average weekly electricity prices ranged from 25 to 96 euros/MWh Read More »

Europe: Average weekly electricity prices ranged from 25 to 96 euros/MWh

According to AleaSoft Energy Forecasting, in the fourth week of May, prices in most major European electricity markets increased between Monday, May 20, and Friday, May 24. Although prices fell over the weekend, the weekly averages of all analyzed markets rose compared to the previous week. The Nord Pool market of the Nordic countries reached the highest percentage […]

Europe: CO2 emission allowance futures reached 74.2 euros/MWh in week 21 Read More »

Europe: CO2 emission allowance futures reached 74.2 euros/MWh in week 21

According to AleaSoft Energy Forecasting, CO2 emission allowance futures in the EEX market for the reference contract of December 2024, reached their weekly minimum settlement price, €74.22/t, on Monday, May 20. However, this price was already 5.0% higher than the last session of the previous week and 6.3% higher than the previous Monday. On Tuesday, May 21, these futures

Europe: TTF gas futures exceeded 34 euros/MWh in week 21 Read More »

Europe: TTF gas futures exceeded 34 euros/MWh in week 21

Accordin to AleaSoft Energy Forecasting, TTF gas futures in the ICE market for the FrontMonth, in the fourth week of May continued with the price increases initiated in the last sessions of the previous week. On Monday, May 20, they registered their weekly minimum settlement price, €31.77/MWh, which was already 7.4% higher than the previous Monday.

Europe: Wind energy production decreased in week 21 Read More »

Europe: Wind energy production decreased in week 21

Accroding to AleaSoft Energy Forecasting, in the fourth week of May, wind energy production declined in most major European markets compared to the previous week, reversing the upward trend of the previous week. The decreases were 49% in the German market, 41% in the Portuguese market and 30% in the Spanish market. The exceptions were the

Europe: Solar energy production increased in week 21 Read More »

Europe: Solar energy production increased in week 21

According to AleaSoft Energy Forecasting, in the week of May 20, prices in the main European electricity markets rose following increases in gas and CO2 prices. TTF gas and CO2 futures reached the highest values since the first half of December 2023 and January 2024, respectively. Even so, most markets registered negative hourly prices, primarily

SEE region: Electricity prices ranged between 64 and 96 euros/MWh in week 20 Read More »

SEE region: Electricity prices ranged between 64 and 96 euros/MWh in week 20

In week 20, SEE electricity prices increased compared to week 19 by 15% on average, due to a drop in wind production and higher gas prices. In the SEE region, electricity prices soared in all markets, except Hungary. Greece and Bulgaria registered the highest percentage increases by 26% and 24% respectively compared to the previous

EU strategic plans rely on Serbian lithium Read More »

EU strategic plans rely on Serbian lithium

The prospect of lithium extraction in Serbia has reignited fears of environmental devastation among its citizens, following the European Commission’s (EC) announcement of negotiations regarding a memorandum on critical raw materials. Despite vocal opposition to lithium mining, particularly concerning potential ecological disasters, Maroš Šefčovič, the European Commissioner for the “Green Plan,” revealed progress in finalizing the memorandum, focusing

Serbia: 10 MW solar park Saraorci commissioned Read More »

Serbia: 10 MW solar park Saraorci commissioned

The first phase of the construction of the biggest solar park in Serbia, Saraorci, has been completed. The total installed capacity in the first phase is 9.86 MW (11.8 MWp), whereas a power of 1.5 MW (1.86 MWp) is planned for the second phase. This is a photovoltaic power plant which is fully transferred to

Serbia: Overhaul of Pancevo oil refinery nearly completed Read More »

Serbia: Overhaul of Pancevo oil refinery nearly completed

The overhaul of the NIS Pancevo oil refinery, owned by the oil and gas company NIS, is in its final phase, according to the Serbian government. Diesel production has already been established and disruptions on the domestic market have been avoided, energy minister Dubravka Djedovic Handanovic said in a press release. The 95-million-euro overhaul began

Hungary to develop green transition action plan Read More »

Hungary to develop green transition action plan

Hungary is committed to supporting the production of technologies that promote the production and use of green energy, Minister of Economy Marton Nagy said at a high-level meeting about the implementation of the net-zero emissions industry regulation in Brussels. He added that green re-industrialization could be the main driver of Hungarian economic growth in the