During the third week of January, Brent oil futures for the Front Month on the ICE market continued the upward trend that began at the end of the previous week, reaching their weekly maximum settlement price of $66.52/bbl on Tuesday, January 14. According to AleaSoft Energy Forecasting, this was the highest Brent Front Month price […]
During the third week of January, electricity prices in most major European markets showed an upward trend, although in many cases they remained below the levels seen in the first days of the previous week. As a result, weekly average prices in most markets fell compared to the prior week, with a few exceptions. The
Europe: Electricity demand shows mixed trends following epiphany holiday Read More »
During the week of January 12, electricity demand increased in most major European markets compared to the previous week. The Italian market recorded the largest rise, 6.8%, followed by a 5.0% increase in Spain. The Portuguese market showed the smallest growth, 1.7%, while Germany rose by 2.0%. Both the Italian and German markets marked their
Europe: Solar and wind output shows mixed trends in mid-January Read More »
During the third week of January, solar photovoltaic (PV) energy production increased in the German and Italian markets compared to the previous week. The German market saw the largest rise, 77%, following two weeks of declines, while the Italian market recorded a 7.1% increase. In contrast, production declined in the Iberian Peninsula and French markets.
Serbia has taken another institutional step in restructuring its gas sector by formally designating a company to oversee and manage the country’s natural gas transmission system. The government confirmed the move at its most recent session, finalizing a process that has been ongoing for more than a year. Transportgas Srbija has been named the national
Serbia: NIS sees major ownership shift as Russian stake sold to MOL Read More »
Serbian oil company NIS has entered a new ownership phase following months of US sanctions and negotiations over its shareholder structure. The Russian stake in the company has now been sold, marking a significant shift in control. The 56.15% share previously held by Russian interests has been transferred to Hungary’s MOL, making it the company’s
Verbund Green Power has taken a major step toward scaling up its European wind portfolio by formalizing a long-term cooperation with the Nordex Group, establishing a framework that could support the delivery of up to 700 MW of new onshore wind capacity through the remainder of the decade. The agreement outlines the conditions under which
Romania: Winter cold drives gas consumption up, prices surge on tight supplies Read More »
Winter demand is placing significant pressure on Romania’s natural gas system, as colder temperatures trigger rapid use of seasonal reserves and push domestic prices higher. Latest figures indicate that roughly one third of the gas set aside for the heating season has already been consumed. After a relatively mild December, January brought a sharp drop
Romania: Electricity and industrial output projected to grow gradually through 2029 Read More »
Romania’s electricity and heat generation is expected to see a gradual increase in the coming years, with modest growth projected for 2026 and steady gains extending through 2029, according to the autumn edition of the National Strategy and Forecast Commission’s outlook for 2025–2029. The Commission forecasts that energy production and supply will rise by 0.8%
Bulgaria: Power output falls as consumption rises, boosting imports in early 2026 Read More »
According to data published by Bulgaria’s electricity transmission system operator ESO, electricity production in Bulgaria declined by 2.45% year-on-year in the period from 1 January to 18 January 2026, reaching a total of 2.37 TWh. Over the same period, electricity consumption increased by 4.18%, amounting to 2.52 TWh, resulting in net electricity imports of 156
