Montenegro’s April 2025 electricity bills: Decrease from March, increase from last year Read More »

Montenegro’s April 2025 electricity bills: Decrease from March, increase from last year

In April 2025, the average electricity bill for households in Montenegro was 32.15 euros, reflecting a 16.5% decrease compared to the previous month (38.48 euros) and an 11.9% increase from April 2024 (28.73 euros). The lowest average bill was recorded in the municipality of Žabljak, at 20.4 euros, while the highest was in Tivat, where […]

Region: Italy and Greece to build new undersea power interconnector Read More »

Region: Italy and Greece to build new undersea power interconnector

Italian electricity transmission operator Terna and its Greek counterpart ADMIE have signed an agreement to construct a new undersea electricity interconnector between the two countries. The project, valued at nearly 2 billion euros, is intended to strengthen the energy link between Italy and Greece and improve the resilience of the European electricity network. The decision

Croatia: HROTE, ENNA and CROPEX announce wind power guarantee of origin auctions for May 20, 2025 Read More »

Croatia: HROTE, ENNA and CROPEX announce wind power guarantee of origin auctions for May 20, 2025

HROTE, ENNA, and CROPEX have announced upcoming auctions for Guarantees of Origin (GOs) to be held on May 20, 2025. The auctions will be conducted through CROPEX’s IT trading platform and will feature GOs from electricity generated by wind power plants. HROTE will offer a total of 226,961 Guarantees of Origin for electricity produced under

Bosnia and Herzegovina: Simultaneous maintenance of key power plants in Republika Srpska to trigger electricity imports Read More »

Bosnia and Herzegovina: Simultaneous maintenance of key power plants in Republika Srpska to trigger electricity imports

The Gacko and Ugljevik thermal power plants, the two largest electricity producers in Republika Srpska (RS), are scheduled to undergo overlapping maintenance in late May, leading to a temporary halt in their operations. As both plants will be offline for approximately 15 days, the state-owned utility company Elektroprivreda Republike Srpske (ERS) will be required to

Bosnia and Herzegovina: Construction of main gas pipeline in Eastern Republika Srpska to begin in June Read More »

Bosnia and Herzegovina: Construction of main gas pipeline in Eastern Republika Srpska to begin in June

The Minister of Energy and Mining of Republika Srpska, Petar Djokic, announced that construction of the main gas pipeline in the eastern part of the entity is set to begin in June. The project is expected to stimulate economic development in municipalities that will be connected to the new gas network. After a meeting with

Electricity and gas prices in Serbia and Montenegro among lowest in Europe Read More »

Electricity and gas prices in Serbia and Montenegro among lowest in Europe

Electricity prices in Serbia and Montenegro remain among the lowest in Europe, according to the most recent Eurostat data. In the second half of the previous year, the average electricity cost for households in Serbia was 18.16 euros per 100 kWh, significantly below the European Union average of 28.49 euros. Montenegro reported similarly low prices,

Energy markets rise in early May: Brent, TTF gas and CO₂ prices climb on global demand and trade optimism Read More »

Energy markets rise in early May: Brent, TTF gas and CO₂ prices climb on global demand and trade optimism

During the second week of May, Brent crude oil futures for the Front Month on the ICE market showed a notable upward trend. On Monday, May 5, futures settled at a weekly low of $60.23 per barrel, the lowest level since February 6, 2021. However, prices increased steadily over the following sessions, reaching $63.91 per

Europe: Electricity prices rise across most markets in second week of May Read More »

Europe: Electricity prices rise across most markets in second week of May

In the second week of May, most major European electricity markets saw an increase in average prices. The only exceptions were Spain and France, where prices fell by 20% and 62%, respectively. Portugal and the Nordic countries experienced the highest percentage increases, with prices rising by 106% and 195%. Other markets such as Belgium and

Solar energy surges in Iberia and Germany, while wind power declines expected across Europe Read More »

Solar energy surges in Iberia and Germany, while wind power declines expected across Europe

During the week of May 5, solar photovoltaic (PV) energy production rose significantly in the Iberian Peninsula and Germany. Portugal led the growth with a 62% increase, followed by Spain with a 26% rise. This growth was largely driven by a rebound in production following a blackout on Monday, April 28, that had impacted both

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