The Consumer Protection Commission (CCP) has launched a thorough investigation into the pricing strategies used by Lukoil for its fuel sales, with the aim of determining whether consumers’ economic interests have been adversely affected in the retail fuel market. This decision follows a joint exchange of information between the CCP and the Commission for the […]
PPC Group is strengthening its renewable energy presence in southeastern Europe by securing ownership of a solar power plant upon completion of its construction and commissioning. Located in central Bulgaria, the solar installation will have an installed capacity of 88 MW. The project is currently under construction by Chint Green Energy, a subsidiary of the
Bulgaria: KEVR approves slight decrease in wholesale natural gas price for June 2025 Read More »
The Bulgarian Commission for Energy and Water Regulation (KEVR) has approved a 0.1% reduction in the wholesale price of natural gas for June 2025. The new wholesale price stands at approximately €32.8 per megawatt-hour (MWh), excluding VAT and excise duties. This follows a previously approved 14.2% price decrease for May. KEVR stated that Bulgaria’s natural
Bosnia and Herzegovina (BiH) is facing a serious financial challenge following the missed payment deadline for a significant debt owed by the coal mine and thermal power plant (RiTE) Ugljevik to Slovenia’s electricity transmission operator, ELES. The outstanding amount currently totals 67 million euros. If this issue remains unresolved, it could lead to an international
Serbia: Egesa Enerji launches first solar projects with 8.6 MW capacity Read More »
Turkish company Egesa Enerji has begun work on two solar power plant projects in Serbia’s Vojvodina province, in the towns of Aradac and Odzaci. The total installed capacity will be 8.6 MW—4.2 MW in Aradac and 4.4 MW in Odzaci. Local firm Solarna Energija Buducnosti will supply the necessary solar equipment, including photovoltaic panels, inverters,
Romania’s top oil and gas company, OMV Petrom, has resumed fuel production at its Petrobrazi refinery near Ploiesti after a scheduled 20-day shutdown. The pause was used for inspections, infrastructure upgrades, and maintenance work worth around 20 million euros. A key part of the overhaul included installing a new catalyst in the diesel hydrotreater unit
The coal-fired thermal power plant Stanari, operated by the EFT Group, recorded a net profit of 19.7 million euros in 2024. The plant generated revenues of 116.4 million euros, down from 140 million euros in 2023. This decline in income significantly affected profitability, as net profit fell from 42 million euros the previous year. Despite
Romania: Electrica reports strong Q1 2025 performance with significant profit growth Read More »
Electrica delivered a robust financial performance in the first quarter of 2025, posting a net profit of approximately 39.4 million euros. This represents a 53.2% increase compared to the same period in 2024. The growth was primarily driven by improved results in the electricity distribution segment, supported by higher distributed volumes and increased tariffs. The
Hungary: New oil well in Somogysamson boosts energy output Read More »
A significant breakthrough in Hungary’s energy sector has come from Somogysamson, located in the southwest of the country, where a newly operational oil well is producing 1,400 barrels per day. This discovery marks the first new oil field in the Transdanubian region in nearly a decade and contributes about 1.5% to the MOL Group’s overall
Bulgaria: Bulgargaz proposes slightly lower wholesale gas price for June 2025 Read More »
Bulgarian state-owned gas supplier Bulgargaz has proposed a marginally lower wholesale natural gas price to be applied for June 2025. The suggested price stands at approximately 32.8 euros per megawatt-hour (MWh), representing a modest decrease of 0.11 percent compared to the approved price for May, which was 32.9 euros/MWh. This comes after a more substantial
