Hungary accelerates energy storage expansion to tackle soaring negative power prices Read More »

Hungary accelerates energy storage expansion to tackle soaring negative power prices

The rapid expansion of weather-dependent renewable energy sources is creating an unusual trend in European power markets: negative electricity prices. On days with strong winds or abundant sunshine, solar and wind farms often generate far more electricity than the grid can consume, leading to an oversupply that pushes prices below zero. A recent report from […]

Serbia: EPS issues tender for supervision of Kostolac 66 MW wind farm construction Read More »

Serbia: EPS issues tender for supervision of Kostolac 66 MW wind farm construction

Serbia’s state-owned power company EPS has opened a public tender for professional supervision services for the construction of the Kostolac wind farm, with the contract valued at approximately 275,000 euros. The decision follows significant delays and deviations from the original construction timeline, prompting EPS to strengthen oversight to ensure both safety and quality standards are

Romania: Installed electricity capacity surpasses 19.6 GW, driven by solar growth Read More »

Romania: Installed electricity capacity surpasses 19.6 GW, driven by solar growth

According to Romania’s electricity transmission system operator Transelectrica, the country’s installed electricity generation capacity reached 19.6 GW on 1 September 2025, reflecting an increase of just over 1 GW since the start of the year. These figures do not include contributions from prosumers. The growth has been driven primarily by solar energy, with 925 MW

Hungary: Day-ahead and intraday electricity prices drop significantly in August 2025 Read More »

Hungary: Day-ahead and intraday electricity prices drop significantly in August 2025

In August 2025, the average price of electricity on the Hungarian energy exchange HUPX day-ahead market (DAM) was 80.51 euros/MWh, marking a 22% decline from July, when the average baseload price was 102.56 euros/MWh. The average peak price on the day-ahead market fell even more sharply, reaching 57.34 euros/MWh, 34% lower than in July. Traded

Greece: Wind energy permitting plunges 65% in 2025 amid licensing delays Read More »

Greece: Wind energy permitting plunges 65% in 2025 amid licensing delays

WindEurope’s autumn report indicates a significant slowdown in Greece’s wind energy market during the first half of 2025. New installation permits fell sharply by 65% compared to the same period in 2024, with only 214 MW of permits issued, down from 618 MW a year earlier. Industry stakeholders attribute the decline primarily to persistent licensing

Bulgarian section of Vertical Gas Corridor to be completed by October 2026, says Bulgartransgaz CEO Read More »

Bulgarian section of Vertical Gas Corridor to be completed by October 2026, says Bulgartransgaz CEO

Vladimir Malinov, CEO of Bulgarian natural gas transmission operator Bulgartransgaz, announced that the Bulgarian segment of the Vertical Gas Corridor will be completed by October 1, 2026. Speaking at an energy conference in Thessaloniki, Malinov said the project has progressed from concept to construction through the coordinated efforts of nine operators from seven countries: Greece,

Bosnia and Herzegovina needs €700 million grid investment by 2030 to support renewables and rising demand Read More »

Bosnia and Herzegovina needs €700 million grid investment by 2030 to support renewables and rising demand

Zijad Bajramović, President of the Bosnia and Herzegovina Committee of the International Council on Large Electric Systems (CIGRE), said that more than 700 million euros must be invested in the country’s electricity distribution networks by 2030. He noted that the rapid growth of renewable energy is already causing congestion in transmission and distribution systems, a

Albania: Albanian electricity exchange reports sharp year-on-year growth in August 2025 trading volumes Read More »

Albania: Albanian electricity exchange reports sharp year-on-year growth in August 2025 trading volumes

The Albanian electricity exchange ALPEX reported that the total volume of electricity traded in the day-ahead market reached 175.1 GWh in August 2025. This represents an increase of 1.4% compared to the previous month and a surge of 125.8% compared to August 2024. Out of the total, 106.1 GWh was traded for the Kosovo bidding

Europe: EU stands firm on plan to end Russian oil imports by 2028 despite opposition Read More »

Europe: EU stands firm on plan to end Russian oil imports by 2028 despite opposition

US President Donald Trump has urged European leaders to stop buying Russian oil as part of efforts to end the war in Ukraine. Energy remains Russia’s most profitable export, and fuel revenues continue to help finance the conflict. In response, the EU is negotiating legal proposals to phase out oil and gas imports from Russia

Serbia: SEEPEX reports slight decline in day-ahead electricity trading for August 2025 Read More »

Serbia: SEEPEX reports slight decline in day-ahead electricity trading for August 2025

A total of 478,334.3 MWh of electricity was traded on the Serbian energy exchange SEEPEX’s day-ahead market in August 2025, marking a 0.7% decrease compared to July. The average daily traded volume was 15,430.2 MWh. Compared to August 2024, the traded volume was 9.8% lower. The average daily base price on the day-ahead market in

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