During the third week of August, Brent oil futures for the Front Month on the ICE market reached their weekly low of $65.79/bbl on Tuesday, August 19, before climbing to a weekly high of $67.73/bbl on Friday, August 22, marking a 2.9% increase from the previous Friday. Early-week optimism over potential peace talks in Ukraine […]
Europe: Electricity prices fall in most markets during third week of August Read More »
During the third week of August, average electricity prices fell in most major European markets compared to the previous week. The exception was the Nord Pool market in the Nordic countries, which saw a 60% increase. The MIBEL market, covering Spain and Portugal, recorded the largest percentage decline at 18%. Other markets analyzed by AleaSoft
During the week of August 18, electricity demand declined in most major European markets compared to the previous week. Portugal experienced the largest drop at 6.9%, continuing a downward trend for the third consecutive week. Spain saw the second-largest decrease at 5.7%, following two weeks of rising demand. In contrast, the UK recorded the smallest
Europe energy update: Mixed solar and wind trends across major markets in August 2025 Read More »
During the week of August 18, solar photovoltaic (PV) energy production in the Portuguese market rose by 1.2% compared to the previous week. In contrast, the Spanish, Italian, German, and French markets experienced declines. The French market recorded the largest drop at 23%, followed by a 12% decrease in Germany. Both markets reversed a three-week
According to data from the Statistical Office of the Republic of Slovenia, the country’s net electricity generation in July 2025 fell by 21% compared to the same month last year. Total net generation reached 1,095 GWh, a 4% decrease from June 2025. Electricity production at thermal power plants dropped 70% year-on-year, while hydropower output declined
According to data from the National Institute for Statistics (INS), natural gas imports in the first half of 2025 reached 1.066 million tons of oil equivalent, representing a 52.6% increase, or 439,900 tons more than the same period in 2024. In contrast, domestic natural gas production during this period totaled 3.731 million tons of oil
Romania opens new wind farm auction after previous tender falls short of 2 GW target Read More »
Romania’s Ministry of Energy has announced a new call for expressions of interest from developers to include additional wind farms in the upcoming Contracts for Difference (CfD) auction. This follows the previous tender, which awarded just 1.26 GW of wind capacity out of a 2 GW target. The Ministry is targeting projects that are sufficiently
Montenegro: EPCG launches tender for main design of 41.8 MW Krupac solar power plant Read More »
Montenegro’s state-owned power company EPCG has launched a tender to select a contractor for the main design of the Krupac solar power plant, with an estimated contract value of 125,000 euros. The plant is planned on the shore of Krupac Lake near Nikšić, with technical documentation outlining a total installed capacity of 41.8 MW. EPCG
In June 2025, North Macedonia’s total electricity consumption reached 296,651 MWh, while natural gas use amounted to 8.33 million cubic meters, coal consumption totaled 357,500 tons, and petroleum product consumption stood at 101,113 tons, according to the State Statistical Office. All electricity consumed during the month was covered by domestic production, and 99.9% of coal
Hungary: MOL CEO criticizes EU energy policy, warns against overreliance on LNG plans Read More »
MOL Group CEO Zsolt Hernadi has questioned the course of European Union energy policy, arguing that the company’s strong performance is rooted in its refining capacity, logistics network, and retail presence rather than any dependence on Russian crude oil. Hernadi criticized the European Commission’s goal of ending Russian natural gas imports by 2027, calling the
