Electricity and gas prices in Serbia and Montenegro among lowest in Europe Read More »

Electricity and gas prices in Serbia and Montenegro among lowest in Europe

Electricity prices in Serbia and Montenegro remain among the lowest in Europe, according to the most recent Eurostat data. In the second half of the previous year, the average electricity cost for households in Serbia was 18.16 euros per 100 kWh, significantly below the European Union average of 28.49 euros. Montenegro reported similarly low prices, […]

Energy markets rise in early May: Brent, TTF gas and CO₂ prices climb on global demand and trade optimism Read More »

Energy markets rise in early May: Brent, TTF gas and CO₂ prices climb on global demand and trade optimism

During the second week of May, Brent crude oil futures for the Front Month on the ICE market showed a notable upward trend. On Monday, May 5, futures settled at a weekly low of $60.23 per barrel, the lowest level since February 6, 2021. However, prices increased steadily over the following sessions, reaching $63.91 per

Europe: Electricity prices rise across most markets in second week of May Read More »

Europe: Electricity prices rise across most markets in second week of May

In the second week of May, most major European electricity markets saw an increase in average prices. The only exceptions were Spain and France, where prices fell by 20% and 62%, respectively. Portugal and the Nordic countries experienced the highest percentage increases, with prices rising by 106% and 195%. Other markets such as Belgium and

Solar energy surges in Iberia and Germany, while wind power declines expected across Europe Read More »

Solar energy surges in Iberia and Germany, while wind power declines expected across Europe

During the week of May 5, solar photovoltaic (PV) energy production rose significantly in the Iberian Peninsula and Germany. Portugal led the growth with a 62% increase, followed by Spain with a 26% rise. This growth was largely driven by a rebound in production following a blackout on Monday, April 28, that had impacted both

Serbia pursues long-term gas deal with Russia to ensure energy stability Read More »

Serbia pursues long-term gas deal with Russia to ensure energy stability

Serbia is actively negotiating a new long-term gas supply agreement with Russia to secure stable energy access and maintain low prices for both businesses and households. Energy cooperation was a central topic during recent talks between Serbian President Aleksandar Vučić and Russian President Vladimir Putin, with a focus on extending the current agreement and preserving

Romania: Hidroelectrica launches first solar project at hydropower plants on Olt River Read More »

Romania: Hidroelectrica launches first solar project at hydropower plants on Olt River

Romanian electricity producer Hidroelectrica has signed a contract to fully implement a solar energy project at its hydropower plants (HPPs) along the middle and lower Olt River. This marks the company’s first foray into solar energy and represents a key step in diversifying its renewable energy portfolio. The project aims to capitalize on the solar

Romania: ENEVO Group to build largest solar power plant in Arad Region Read More »

Romania: ENEVO Group to build largest solar power plant in Arad Region

ENEVO Group has been appointed as the general contractor for the Helios Arad solar power plant, an ambitious renewable energy project with a planned installed capacity of 85 MW—making it the largest solar facility in the region. The project is financed by Unigea Solar Projects Romania, a subsidiary of the German-based Unigea Group. Under the

Hungary criticizes EU plan to end Russian energy imports by 2027 Read More »

Hungary criticizes EU plan to end Russian energy imports by 2027

Hungarian Foreign Minister Péter Szijjártó has strongly opposed the European Commission’s newly unveiled plan to phase out all imports of Russian gas, oil and nuclear fuel by the end of 2027. The proposed strategy, aimed at eliminating the EU’s dependency on Russian energy, has sparked backlash from Budapest, which relies heavily on Russian supplies. Szijjártó

Greece: Crete-Attica electricity interconnection enters final testing phase Read More »

Greece: Crete-Attica electricity interconnection enters final testing phase

Greece’s electricity transmission system operator, ADMIE, along with its project implementation arm Ariadne Interconnection, has reached a key milestone in the Crete-Attica electricity interconnection project. A final inspection at the Damasta converter station in Heraklion marks the beginning of the last phase of testing, ahead of the launch of the trial operation. The facility is

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