Brent oil futures for the Front Month in the ICE market recorded their lowest settlement price of the week, $64.63 per barrel, on Monday, June 2. Prices increased during most sessions throughout the first week of June, reaching a weekly high of $66.47 per barrel on Friday, June 6. This value was 4.0% higher than […]
In the first week of June, average prices in most major European electricity markets rose compared to the previous week. The only exceptions were the Nord Pool market of the Nordic countries and the EPEX SPOT market of France, which experienced price decreases of 1.8 percent and 39 percent, respectively. The MIBEL market of Portugal
During the first week of June, electricity demand increased in most major European markets compared to the previous week. Germany recorded the largest rise in demand, with an increase of 6.3 percent, while Spain showed the smallest growth, at 0.9 percent. Other markets, including Italy, France, Belgium, and Great Britain, also registered demand increases ranging
During the week of June 2, solar photovoltaic energy production decreased in the main European markets compared to the previous week. France registered the largest decline, with a drop of 22 percent, while Spain showed the smallest decrease, at only 0.3 percent. In Italy, Germany, and Portugal, solar production fell by 2.4 percent, 8.9 percent,
European solar and wind energy trends in early June: Records amid fluctuations Read More »
Construction has officially started on a new 400 kV dual-circuit transmission line linking Obrenovac to Bajina Bašta, marking a major advancement in Serbia’s energy infrastructure. This project, initiated near the Obrenovac substation, is part of the wider Trans-Balkan Corridor and aims to improve regional electricity transmission capacity and system stability. Stretching over 109 kilometers, this
In 2024, gas company Srbijagas saw a notable increase in operating revenues but experienced a significant decline in net profit. According to the company’s financial report, net income dropped to 71.6 million euros from 102.7 million euros in 2023. Despite the lower profitability, total operating income rose by 5% to nearly 1.55 billion euros, indicating
Serbia: Srbijagas reports higher revenues but lower profit in 2024 amid debt reduction Read More »
The Ministry of Economy of the Central Bosnia Canton has issued a public call inviting bids for a concession to develop the Komar wind farm, located in the Goles community within the municipality of Travnik. The project involves constructing and operating a wind farm. The chosen developer will receive the right to use the site
After three years of effectively shortchanging prosumers, the state-owned power utility Elektroprivreda Republike Srpske (ERS) has announced that, starting August 6, prosumers will be able to sign electricity supply contracts under the net metering scheme. Since the Renewable Energy Law was adopted, ERS had largely avoided implementing net metering. During this period, electricity generated by
The European Union is preparing a new wave of sanctions targeting Russia’s energy and financial sectors to increase pressure and encourage diplomatic negotiations. Central to the plan is a proposal to lower the existing price cap on Russian oil exports from $60 to $45 per barrel. This move aims to significantly reduce Russia’s oil revenues,
Serbia’s state-owned power utility, Elektroprivreda Srbije (EPS), has initiated a public procurement process to hire a consultant who will serve as the FIDIC engineer for the concluding phase of the Kostolac B3 thermal power plant project. The estimated value of the contract is around 600,000 euros. The role, defined under the FIDIC “Yellow Book” framework,
