Croatia: HEP ESCO launches 5.3 million euro tender for 90 rooftop solar projects Read More »

Croatia: HEP ESCO launches 5.3 million euro tender for 90 rooftop solar projects

HEP ESCO has launched a public tender worth 5.3 million euros for the construction of 90 solar power plants on the roofs of its facilities across Croatia. Companies can submit bids until 3 November. The tender is divided into five regional groups covering the entire country. The first group targets Zagreb and surrounding areas, with […]

Croatia: CROPEX launches CRODAX hourly reference index for day-ahead market Read More »

Croatia: CROPEX launches CRODAX hourly reference index for day-ahead market

With the launch of 15-minute products on 30 September, CROPEX has introduced the hourly reference index CRODAX for the day-ahead market. CRODAX represents the hourly index of the day-ahead market, reflecting the average price for each hour. It is calculated as the arithmetic mean of all 15-minute price intervals within that hour. It is important

Bulgaria: OMV Petrom completes 50% acquisition of Gabare solar project, expanding renewable portfolio Read More »

Bulgaria: OMV Petrom completes 50% acquisition of Gabare solar project, expanding renewable portfolio

OMV Petrom has completed the acquisition of a 50% stake in the Gabare solar project, developed by Enery in Bulgaria. The transaction, initially announced in June 2025, marks a significant milestone in the company’s regional expansion strategy and strengthens its renewable energy portfolio. The solar plant, located in the Gabare area of Byala Slatina, will

Bulgaria sees divergent energy price trends in H1 2025: Business costs fall, household bills rise Read More »

Bulgaria sees divergent energy price trends in H1 2025: Business costs fall, household bills rise

Electricity prices for businesses in Bulgaria decreased in the first half of 2025 compared to the second half of 2024, according to data from the National Statistical Institute. The only exception was the smallest corporate users consuming less than 20 MWh per year, who experienced a 6.9% increase. The largest reduction was recorded among major

Bulgaria approves 1% increase in October wholesale natural gas price Read More »

Bulgaria approves 1% increase in October wholesale natural gas price

The Bulgarian Commission for Energy and Water Regulation (KEVR) has approved a 1% increase in the wholesale natural gas price for October 2025. The wholesale price has risen to approximately 31.2 euros per megawatt-hour, excluding VAT and excise duty. Previously, KEVR approved a 2.5% decrease in the wholesale natural gas price for September. The newly

Europe: Brent oil, TTF gas and CO₂ futures show mixed trends in late September Read More »

Europe: Brent oil, TTF gas and CO₂ futures show mixed trends in late September

In the fourth week of September, Brent oil futures for the Front-Month on the ICE market saw their weekly minimum settlement price of $66.57 per barrel on Monday, September 22. Prices rose throughout the week, reaching a weekly maximum settlement of $70.13 per barrel on Friday, September 26. This represented a 5.2% increase compared to

Europe: Electricity prices surge in late September amid lower renewable output and rising demand Read More »

Europe: Electricity prices surge in late September amid lower renewable output and rising demand

In the fourth week of September, average electricity prices increased in most major European markets compared to the previous week. Exceptions included Italy’s IPEX market, which fell slightly by 0.9%, and the MIBEL market of Spain and Portugal, which dropped 18%. France’s EPEX SPOT market saw the smallest increase at 34%, while the Nord Pool

Europe: Electricity demand rises in Northern markets, falls in Southern markets in late September 2025 Read More »

Europe: Electricity demand rises in Northern markets, falls in Southern markets in late September 2025

In the week of September 22, electricity demand rose in most major European markets compared to the previous week. The United Kingdom and France saw the largest increases, at 5.6% and 5.3% respectively, continuing the upward trend observed the prior week. Belgium recorded the smallest increase, 2.2%, reversing the downward trend from the previous two

Europe: Solar and wind energy trends show mixed performance in late September 2025 Read More »

Europe: Solar and wind energy trends show mixed performance in late September 2025

During the week of September 22, solar photovoltaic (PV) energy production declined across major European electricity markets, reversing the growth observed the previous week. Germany experienced the largest drop at 34%, followed by Italy and France with decreases of 27% and 26%, respectively. In the Iberian Peninsula, the declines were more moderate, with Spain’s PV

Serbia: NIS requests U.S. license to delay sanctions and removal from SDN list Read More »

Serbia: NIS requests U.S. license to delay sanctions and removal from SDN list

Serbian oil company NIS has confirmed that it submitted a new request to the U.S. Treasury Department for a special license to delay the full implementation of sanctions, allowing the company to continue operations. In addition, NIS filed a separate application to be removed from the Specially Designated Nationals (SDN) list, a process described as

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