Bulgaria has recorded a sharp increase in revenues from carbon-related taxes over the past several years, driven by both higher tax rates and a broader application of climate levies. According to the latest Eurostat data, state income from carbon dioxide taxes rose from just over €85 million in 2017 to nearly €1.1 billion in 2023, […]
Bulgaria: Carbon tax revenues surge more than twelvefold since 2017 Read More »
A subsidiary of state-owned power utility ERS “Hidroelektrane na Drini”, the company operating the Višegrad hydropower plant, announced that the facility generated 88.34 GWh of electricity in December 2025, marking a month-on-month decline of 8.8% compared to November, when output reached 96.83 GWh. Despite the decrease, production remained well above the 73.18 GWh recorded in
The United States has adjusted its sanctions timetable, granting Russian oil producer Lukoil additional time to complete the sale of its overseas assets. The move was announced by the U.S. Department of the Treasury as part of its broader sanctions enforcement strategy aimed at reshaping Russia’s access to global capital. Through its enforcement arm, the
Region: US extends sanctions deadline to allow Lukoil overseas asset sales Read More »
In Week 02 of 2026, TTF gas prices in Europe exhibited modest intraday volatility, with the highest settlement occurring on January 7 and generally stabilizing around €28/MWh. February 2026 futures on the ICE market fluctuated between −3.7% and +2.5%, resulting in a weekly average of €28.06/MWh, slightly lower than the previous week (−0.7%). Prices opened
Electricity prices across the Southeast Europe (SEE) region surged sharply in Week 02 of 2026 compared with Week 01. Most SEE markets saw substantial weekly increases, with prices climbing over 40% in Bulgaria, Romania, Hungary, and Serbia. In these countries, average electricity prices converged around €130–136/MWh, reflecting strong market coupling and limited availability of lower-cost
SEE sees sharp electricity price and demand surge in Week 02 of 2026 Read More »
Slovenia’s electricity system experienced an unprecedented demand peak during the morning hours of Thursday, 8 January, driven by a combination of severe winter weather and limited renewable generation. Heavy snowfall in the days leading up to the spike covered much of the country, including solar installations, sharply reducing their output, while temperatures plunged well below
Slovenia hits record electricity demand amid extreme cold and low renewable output Read More »
In December 2025, the jointly owned Slovenian–Croatian Krško nuclear power plant generated 522,868 MWh of net electricity, exceeding the monthly production plan of 515,000 MWh by 1.53%. A year earlier, in December 2024, the plant produced 521,917 MWh, also outperforming expectations by 1.74% compared with the planned 513,000 MWh for that month. Throughout the period,
Serbian oil company NIS is stepping into utility-scale renewable power generation after receiving local approval for a new solar project in eastern Serbia. The City of Smederevo has formally acknowledged the company’s application to build a solar power plant with integrated battery storage, clearing the way for construction to begin in mid-January. The project received
Montenegro’s Ministry of Energy has annulled its first auction for solar power market premiums after all submitted bids failed to meet legal and procedural requirements. The tender, launched last year, was cancelled because applications contained outdated documentation, were not aligned with spatial planning rules or did not satisfy grid connection eligibility criteria. The authorities now
Montenegro scraps first solar auction and prepares new renewables tender for 2026 Read More »
A key electricity transmission link in North Macedonia has been fully modernized and returned to service following the completion of reconstruction works at the end of 2025. The upgraded 110 kV transmission line, which had been in operation for more than five decades, has now been successfully energized and has entered trial operation, marking a
North Macedonia puts modernized Bitola–Prilep power line into trial operation Read More »
