During the second week of July, Brent oil futures for the Front Month on the ICE market generally followed an upward trend. The exception was Thursday, July 10, when the settlement price dropped by 2.2% from the previous day, reaching the week’s lowest settlement price of $68.64 per barrel. However, on Friday, July 11, prices […]
During the second week of July, average electricity prices decreased in most major European markets compared to the previous week. The exceptions were the United Kingdom’s N2EX market and the Nordic countries’ Nord Pool market, which saw price increases of 9.9% and 67%, respectively. France’s EPEX SPOT market experienced the largest percentage drop at 34%.
During the week of July 7, electricity demand declined across the main European electricity markets compared to the previous week, reversing the upward trend seen in the prior period. Italy experienced the largest drop after six consecutive weeks of growth, with demand falling by 12%. Other markets saw decreases ranging from 1.3% in Great Britain
Europe: Solar and wind energy show mixed trends with record solar growth in July 2025 Read More »
During the week of July 7, solar photovoltaic (PV) energy production increased in the markets of France, Italy, and Spain compared to the previous week. The French market continued its upward trend for the second consecutive week, recording the most significant growth at 9.1%. Italy and Spain reversed their previous week’s declines, with production rising
Serbia advances nuclear energy plans with long-term strategy and global partnerships Read More »
Serbia has completed a foundational technical assessment exploring how nuclear energy could support its peacetime electricity mix. The study, carried out with French experts and aligned with International Atomic Energy Agency (IAEA) guidelines, outlines a three-phase process. The initial phase, expected to last between five and seven years, focuses on planning implementation steps, conducting further
The 10 MW Petka solar power plant has officially entered its trial phase, becoming the first solar facility to generate electricity at the Kostolac site. Built on the reclaimed land of a former mining tailings dump, the project highlights state-owned utility EPS’s commitment to cleaner energy solutions. In parallel, EPS is progressing with its on-site
Romania: R.Power to build 55 MW solar power plant, expanding Eastern European portfolio Read More »
Polish renewable energy developer R.Power has unveiled plans to construct a 55 MW solar power plant in northwestern Romania, marking another step in its expansion across Eastern Europe. Known as the Lazuri solar power plant, the project is set to begin construction in the third quarter of 2025 and is expected to be fully operational
Croatia: Government ends biweekly fuel price cap, emphasizes market stability Read More »
After a long period of regulation, the Croatian Government has decided to allow its biweekly fuel price cap to expire. The measure, which set maximum retail prices for gasoline, diesel, blue diesel, and liquefied petroleum gas every two weeks, will no longer be renewed. Going forward, domestic fuel distributors will be free to set their
Croatia: CROPEX sets new record in 15-minute product trading on 11 July 2025 Read More »
CROPEX’s intraday continuous market recorded a new milestone for the delivery day of 11 July 2025, with a record volume of 2,651 MWh traded in 15-minute products. In addition, 60-minute products saw a trading volume of 8,413.3 MWh, bringing the total daily traded volume to 11,064.3 MWh. This new daily record highlights the growing adaptation
Bulgaria: Bulgargaz proposes lower wholesale gas price for August 2025 Read More »
Bulgarian state-owned gas supplier Bulgargaz has proposed a lower wholesale natural gas price to be applied in August 2025. The suggested price is around 31.7 euros per MWh, which is 3.8 percent lower than the price approved for July, set at approximately 33 euros per MWh. The July price itself marked a slight increase of
