In June 2025, a total of 505,516.5 MWh of electricity was traded on the day-ahead market at the Serbian energy exchange SEEPEX, marking a 0.4% increase compared to May. The average daily traded volume stood at 16,850.6 MWh. Compared to June of the previous year, traded volumes rose by 21.2%. The average daily base price […]
The Kazakh-Romanian Energy Investment Fund (FIEKR), through its subsidiary Rompetrol Energy, is nearing completion of its largest initiative to date—a cogeneration plant at the Petromidia refinery. With an investment exceeding 160 million dollars, the facility is expected to be fully integrated with both the refinery’s operations and Romania’s national electricity grid by the end of
Montenegro’s state-owned power utility EPCG has received two bids for the construction, delivery, installation, and commissioning of the new A8 turbine at its Perucica hydropower plant. The first bid was submitted by a consortium consisting of Voith Hydro from Austria, Končar from Croatia, and Elnos from Serbia. The second offer came from Slovenia’s Litostroj Power.
Bulgaria: KEVR approves modest increases in gas, electricity and heating prices Read More »
The Bulgarian Commission for Energy and Water Regulation (KEVR) has approved a 0.6% increase in the wholesale price of natural gas for July 2025. The new price stands at approximately 33 euros per megawatt-hour (MWh), excluding VAT and excise duties. This follows a 0.1% decrease in the wholesale gas price approved for June. According to
Region: Romania and Serbia sign MoU to launch cross-border gas interconnection Read More »
Romania’s natural gas transmission system operator, Transgaz, and Serbia’s state gas company, Srbijagas, have signed a Memorandum of Understanding (MoU) to advance the development of a gas interconnection between the two countries. The agreement lays the foundation for cooperation by defining the main principles and organizational framework for future joint projects. As part of the
Region: North Macedonia and Serbia advance cross-border gas pipeline project Read More »
The national gas transmission operator of North Macedonia, Nomagas, and Serbia’s state gas company, Srbijagas, have signed a Memorandum of Understanding (MoU) to enhance their cooperation and accelerate the development of a cross-border gas interconnector. This agreement is a significant step toward streamlining the preparatory work for a key pipeline that will connect the gas
During the fourth week of June, Brent crude oil futures prices experienced a decline. On Monday, June 23, the price settled at $71.48 per barrel, already 7.2% lower than the last session of the previous week. Prices continued to fall on Tuesday, June 24, dropping 6.1% from Monday and reaching the week’s minimum settlement price
Europe: Electricity prices fall in late June amid lower gas costs and high renewables Read More »
In the fourth week of June, average electricity prices declined across most major European markets compared to the previous week. The United Kingdom’s N2EX market experienced the largest drop, falling by 28%. Other markets saw decreases ranging from 1.3% in Italy’s IPEX market to 14% in the Nordic countries’ Nord Pool market. France’s EPEX SPOT
Europe: Electricity demand rises in most markets amid seasonal shifts and holidays Read More »
During the week of June 23, electricity demand rose across most major European markets compared to the previous week. Germany and Italy saw the largest increases, with demand growing by 8.2% and 8.1% respectively. France experienced the smallest increase at 2.6%, while Portugal’s demand grew by 3.9%. The demand spikes in Portugal and Germany were
During the week of June 23, solar photovoltaic (PV) energy production rose in both Italy and Spain compared to the previous week. Italy experienced the largest increase at 9.4%, while Spain saw a more modest rise of 0.6%, marking its third consecutive week of growth. Conversely, Germany, France, and Portugal experienced declines in solar PV
