Serbia seeks solution to US sanctions on national oil company NIS

Finance Minister Sinisa Mali stated that discussions are ongoing with both Russian and US representatives to find a solution that safeguards the interests of Serbian citizens. He stressed that Serbia did not trigger these sanctions and must ensure that its energy security is not compromised. The government’s priority, according to Minister Mali, is to prevent […]

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Romania: Nuclearelectrica awards 42.7 million euro contract to expand Cernavoda spent fuel storage facility

Nuclearelectrica has awarded a major contract to the partnership of Concelex and Bog’Art for the expansion of the spent fuel intermediate storage facility at the Cernavoda nuclear power plant. Valued at 42.7 million euros, the contract covers the construction of six new storage modules and the installation of a high-capacity gantry crane. The project includes

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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

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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

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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

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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

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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

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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

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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

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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

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