North Macedonia moves forward with major hydropower projects Cebren and Galiste

North Macedonia is advancing a large-scale energy investment focused on the development of two hydropower facilities: Cebren and Galiste. The total estimated value of the initiative is between 1.2 and 1.3 billion euros. Prime Minister Hristijan Mickoski confirmed that negotiations are ongoing, with the country aiming to finance the construction primarily through a loan from […]

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Greece: Ministry opts against emergency tax on electricity producers, relies on Energy Transition Fund

The Greek Ministry of Environment and Energy has decided not to introduce an emergency tax on electricity producers, choosing instead to rely fully on the Energy Transition Fund (ETF) to finance subsidies for electricity bills. Originally intended as a temporary financial mechanism, the ETF will now bear the entire responsibility for supporting energy costs. Last

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Bulgaria: HPP Chaira reaches major milestone in modernization efforts

Bulgaria’s pumped-storage hydropower plant Chaira has reached a significant milestone in its ongoing modernization. In mid-May, Unit 2 officially received final regulatory approval, marking the successful completion of its restoration. With this clearance, the National Electricity Company (NEK) is now authorized to fully integrate the unit into the national electricity network, finalizing the last stage

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Bulgaria: Bulgargaz proposes slightly lower wholesale gas price for June 2025

Bulgarian state-owned gas supplier Bulgargaz has proposed a marginally lower wholesale natural gas price to be applied for June 2025. The suggested price stands at approximately 32.8 euros per megawatt-hour (MWh), representing a modest decrease of 0.11 percent compared to the approved price for May, which was 32.9 euros/MWh. This comes after a more substantial

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Energy Community highlights progress and challenges in gas storage across the region

The Energy Community (EnC) Secretariat has released its 2025 Annual Storage Report, offering a comprehensive evaluation of how contracting parties have implemented the adapted EU Storage Regulation (EU) 2022/1032. The report covers the period from June 2024 to June 2025 and provides key insights into regional gas storage efforts and energy security. The report highlights

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Slovenia: Petrol to distribute nearly entire profit as dividends amid margin concerns

Shareholders of the Slovenian energy company Petrol have approved a proposal to allocate almost the entire profit from the previous year toward dividend payments, resulting in a gross dividend of €2.10 per share—an increase of €0.30 compared to last year. At the meeting, concerns were raised over persistently low profit margins, which shareholders warned could

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Serbia strengthens power grid amid growing focus on European energy resilience

In light of recent large-scale blackouts affecting multiple European countries, including incidents in the Balkans and on the Iberian Peninsula, Serbia is stepping up efforts to ensure the stability and resilience of its electricity transmission system. These developments will be at the center of discussions at an upcoming energy conference in Kopaonik. Jelena Matejić, CEO

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North Macedonia issues first renewable energy certificates to ESM

North Macedonia has reached a significant milestone in its energy transition, as the national market operator MEMO issued the country’s first Guarantees of Origin (GoOs) for electricity generated entirely from renewable sources. The inaugural certificates were granted to the state-owned utility Elektrani na Severna Makedonija (ESM) for its hydropower production. Energy Minister Sanja Bozinovska hailed

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Hungary achieves lowest electricity import rate in over a decade amid solar surge

Hungary’s dependence on imported electricity fell to its lowest level in more than ten years in April 2025, with imports accounting for just 9.9% of gross electricity consumption, according to the Ministry of Energy. This marks the lowest import share since early 2012 and reflects a significant improvement compared to the previous record in September

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