In the first week of January 2025, electricity prices in the main European markets exhibited a mixed pattern. In some markets, including MIBEL (Spain and Portugal), IPEX (Italy), and Nord Pool (Nordic countries), prices increased compared to the previous week. These price hikes ranged from 5.1% in Spain to as much as 77% in the […]
Europe: Mixed price trends across electricity markets in early January 2025 Read More »
During the first week of December 2024, electricity demand saw an uptick across most major European markets compared to the previous week. The French market recorded the largest increase at 5.5%, while the British market had the smallest growth at 0.4%. Other markets, including the Netherlands, Germany, Belgium, Portugal, and Italy, saw demand rise between
European electricity demand and price trends: Weekly overview and forecasts Read More »
In the week ending October 4, Brent oil futures in the ICE market experienced notable fluctuations. The Front Month futures hit a weekly low of $71.77 per barrel on September 30 before rebounding to a high of $78.05 per barrel by Friday, marking an 8.4% increase and the highest price seen since late August. This
Europe: Weekly oil and gas futures Read More »
In Week 39 of 2024, electricity prices across the Southeast European (SEE) market continued their downward trend compared to Week 38. Contributing factors to this decline included reduced average prices for gas and CO2 emission allowances, alongside a decrease in demand. Most countries in the SEE region saw electricity prices drop, with the exception of
Region: Weekly update on SEE electricity market prices and trends Read More »
Hungarian Foreign Minister Peter Szijjarto said that the government signed an accord with Belarus to help build Hungary’s second nuclear plant. Nuclear power plant Paks 2 has been under construction by Russia’s Rosatom since 2014. The Russian company is building two reactors with a capacity of 1.200 MW each in central Hungary. -Of great importance
Hungary inks deal with Belarus to help build nuclear reactor Read More »
Kozloduy Nuclear Power Plant decided to terminate the contract with Russia for the supply of nuclear fuel, executive director Valentin Nikolov said. The contract was due to end in 2025. He added that Russian fuel already delivered will now serve as a reserve. He made the comments during a ceremony marking the loading of the
Bulgaria: NPP Kozloduy to cut Russian fuel supplies Read More »
The first exploratory drilling in the Eastern Mediterranean is projected to commence between late 2025 and early 2026, according to Greek Environment and Energy Minister Theodoros Skylakakis. He made this announcement during the “East Mediterranean Gas Forum” meeting held in Athens. Skylakakis emphasized the increasing significance of the Eastern Mediterranean region for European energy security
Greece: Exploratory drilling in Eastern Mediterranean to start by 2026 Read More »
Black Sea Oil & Gas SA (BSOG) and its shareholders, global investment firm Carlyle and the European Bank for Reconstruction and Development (EBRD) announce that it has launched BSOG Energy SRL, a new company focused on developing biogas production plants across Romania. Headquartered in Bucharest, Romania, BSOG Energy will develop biogas plants across Romania with
Romania: Black Sea Oil & Gas launches new biogas business Read More »
In the first four months of 2024, renewable energy sources surpassed fossil fuels in Greece’s electricity mix for the first time, reducing the sector’s emissions to a new low. Renewable energy sources plus large hydro accounted for 8.09 TWh of total production from January through April, while natural gas, lignite and oil contributed 498 GWh
Greece: Renewable energy production exceeded 8 TWh in the first four months Read More »
Following extensive testing and go-live preparation for the upcoming Intraday Auctions (IDAs), Nominated Electricity Market Operators (NEMOs) and Transmission System Operators (TSOs) confirmed the IDA go-live date of June 13, 2024, for delivery on June 14, 2024. The first SIDC auction will take place on 13 June 2024 at 3 PM CET. Pricing the intraday
Europe: Confirmation of the go-live date for Intraday Auctions on June 13 Read More »
