A recent analysis commissioned by Eurelectric indicates that moving toward electricity-based energy systems could revitalize Europe’s industrial competitiveness, reduce its dependence on fossil fuels, and boost economic growth. Electricity has already become a more efficient option than fossil fuels in some sectors, and its broader application in heavy industries could also be economically viable by […]
In the fifth week of May 2025, TTF gas futures on the ICE market for June delivery were lower compared to the previous week, averaging around €36/MWh. On Monday, May 26, TTF gas futures reached their highest settlement price of the week at €37.369/MWh, which was 2.5% higher than the last session of the previous
In Week 22 of 2025, electricity market prices in Southeastern Europe (SEE) generally declined across all countries except Italy. This trend was mainly influenced by lower gas and CO2 prices combined with increased wind energy production. The week began with prices around €100 per megawatt-hour (MWh), which gradually fell below €100/MWh and ultimately dropped to
North Macedonia: ENTSO-E forms expert commission to investigate power outage on 18 May Read More »
The European Network of Transmission System Operators for Electricity (ENTSO-E) has announced the establishment of a specialized expert commission to thoroughly investigate the power outage that occurred in North Macedonia’s electricity network on 18 May. The disruption happened in the early morning hours and caused an almost total loss of load across North Macedonia’s power
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
According to data released by the Bulgarian electricity transmission system operator ESO, electricity production in Bulgaria increased by 11.81% in the period from January 1 to June 1, 2025, compared to the same period in 2024, reaching a total of 17.79 terawatt-hours (TWh). During the same timeframe, Bulgaria’s electricity consumption rose by 7.82%, totaling 16.89
Bosnia and Herzegovina (BiH) imported electricity worth 136.4 million euros during the first four months of this year, marking a dramatic increase compared to just 22 million euros in the same period last year. This represents a staggering 518% surge in import value, highlighting the country’s growing energy challenges. In fact, BiH imported more electricity
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
During the last week of May, settlement prices for Brent oil futures for the Front Month on the ICE market remained below $65 per barrel. The highest settlement price of the week was recorded on Tuesday, May 28, at $64.90 per barrel. Prices then declined, reaching the weekly minimum of $63.90 per barrel on Friday,
