Europe: Electricity prices decline in late July, mixed outlook for early August Read More »

Europe: Electricity prices decline in late July, mixed outlook for early August

During the final week of July, average electricity prices declined across the major European power markets compared to the previous week. The smallest reductions were observed in the United Kingdom’s N2EX market and Italy’s IPEX market, with decreases of 4.9% and 5.0%, respectively. Meanwhile, the largest drop was recorded in the Nordic countries’ Nord Pool […]

Electricity demand drops across most major European markets in late July Read More »

Electricity demand drops across most major European markets in late July

During the week of July 28, electricity demand declined in the majority of key European power markets compared to the previous week. Italy experienced the largest decrease, with demand falling by 12%, while Spain recorded the smallest drop, just 0.8%. Germany, France, and the United Kingdom also saw decreases of 2.3%, 2.7%, and 2.8%, respectively.

European renewable energy update: Solar power breaks records, wind production set to decline Read More »

European renewable energy update: Solar power breaks records, wind production set to decline

During the week of July 28, solar photovoltaic (PV) energy production increased across most major European electricity markets, marking a reversal from the declining trend observed the previous week. France led the surge with an 8.6% rise in solar output, followed by Germany with a 2.9% increase. Spain saw a modest 1.3% boost, while Italy

Serbia: Desulphurization facility at TENT B nears completion, following TENT A’s successful launch Read More »

Serbia: Desulphurization facility at TENT B nears completion, following TENT A’s successful launch

The desulphurization facility at the TENT B thermal power plant is nearing the end of its construction phase. Civil works have been completed, and commissioning is underway with staged testing of individual components. The initial release of flue gases and limestone slurry through Absorber B1 was successfully conducted, with a similar trial for Absorber B2

Serbia: SEEPEX day-ahead market sees slight volume decline but price increase in July 2025 Read More »

Serbia: SEEPEX day-ahead market sees slight volume decline but price increase in July 2025

In July 2025, a total of 481,815.7 MWh of electricity was traded on the Serbian energy exchange SEEPEX’s day-ahead market, representing a 4.7 percent decrease compared to June and 2.4 percent less than July 2024. The average daily traded volume stood at 15,542.4 MWh. Despite the drop in traded volume, prices increased notably. The average

Montenegro: HPP Perucica receives usage permit after 65 years Read More »

Montenegro: HPP Perucica receives usage permit after 65 years

The Perucica hydropower plant, a key asset in Montenegro’s electricity system, has finally been granted its official usage permit after operating under a construction authorization since 1953, state-owned power utility EPCG announced. EPCG highlighted the lengthy delay as an example of slow institutional processes and questioned the reasons behind the long wait and the previous

Montenegro: Jugopetrol reports €3.44 million profit in H1 2025 amid lower sales and spending Read More »

Montenegro: Jugopetrol reports €3.44 million profit in H1 2025 amid lower sales and spending

Montenegrin fuel retailer Jugopetrol posted a net profit of 3.44 million euros in the first half of 2025, significantly down from 27.8 million euros recorded in the same period last year. Despite the drop, this year’s figure represents a 23.7 percent increase compared to earlier annual trends, with the company having earned 7 million euros

Hungary: KazMunayGas delivers first crude shipment, strengthens ties with MOL Group Read More »

Hungary: KazMunayGas delivers first crude shipment, strengthens ties with MOL Group

Kazakhstan’s state-owned oil company KazMunayGas (KMG) has successfully delivered its first shipment of crude oil to Hungary, marking a significant milestone in its strategic energy cooperation with Hungary’s MOL Group. The initial cargo of 85,000 tons was transported by sea from the Russian port of Novorossiysk to Croatia’s Omisalj port aboard the vessel Alatau, operated

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