Access to AleaSoft Energy Forecasting, TTF gas futures in the ICE market for the FrontMonth, on Monday, May 13, continued with the declines of the previous week. On that day they reached their weekly minimum settlement price, €29.58/MWh. According to data analyzed at AleaSoft Energy Forecasting, this price was 8.0% lower than the previous Monday and the […]
Europe: Gas futures fell below 30 euros/MWh Read More »
According to AleaSoft Energy Forecasting, in the third week of May, prices in most major European electricity markets registered an upward trend between Tuesday, May 14, and Friday, May 17, reaching the highest daily price of the week on that day. However, this peak was lower than the previous week’s peak. Despite the aforementioned upward
Europe: Electricity prices ranged from 13 to 96 euros/MWh in week 19 Read More »
AleaSoft Energy Forecasting reports that in the week of May 13, wind energy production increased in most major European markets compared to the previous week, reversing the downward trend of the previous week. Increases ranged from 14% in the Spanish market to 224% in the German market. The exceptions were the Italian and French markets, which
Europe: Wind energy production increased in week 19 Read More »
In week 19, electricity prices in SEE region increased compared to the previous week, by 25% in average, due to the higher electricity demand, the drop in wind energy production and the increase of CO2 emission right futures. Most markets reached the highest on Monday May 6 and then fell back over the course of the week.
SEE region: Electricity prices ranged between 66 and 91 euros euros/MWh in week 19 Read More »
In the first three months of 2024, EBITDA at the Electrica Group level increased by 170 percent, reaching RON 400.8 million (80.5 million euros), compared to RON 148.7 million (29.9 million euros) achieved in the first three months of 2023. The EBITDA growth was mainly driven by the operational performance of the distribution segment on
Romania: Electrica reports net profit of 25,6 million euros in Q1 Read More »
Hidroelectrica records a decrease in operational and financial results for the first three months of 2024 compared to the same period in 2023, in line with the approved budget. Hiroelectrica’s operating margin and net margin decreased by 2 percent and 1 percent, respectively, compared to the same period in 2023, mainly due to the decrease
Romania: Hidroelectrica’s net profit reached 265 million euros in Q1 Read More »
Turkish natural gas and LNG company Botas will supply one liquefied natural gas cargo in June to Bulgaria’s Bulgargaz following the completion of a recent tender. Earlier this month, Bulgargaz launched a tender seeking one cargo of about 1 TWh (3,400,000 MMBtu) for delivery to LNG terminals in Turkiye from June 24 to June 25.
Bulgaria: Botas to deliver LNG to Bulgargaz in June Read More »
Electricity consumption in Romania in the first quarter of 2024 amounted to 12.9 TWh, which is 1% more compared to the same period in 2023, according to the data published by the National Institute for Statistics. Industrial electricity consumption reached 9.78 TWh, which is 1% more compared to last year. Household electricity consumption amounted to
Romania: Electricity production reached 15.4 TWh in Q1 Read More »
Romania’s natural gas company, with Rothschild Bank as its adviser, hired JP Morgan to lead the consortium of banks that will intermediate the sale of bonds on the foreign market under an MTN scheme aimed to finance the Black Sea gas project, Neptun Deep, local media reported. The MTN scheme would reportedly have a size
Romania: Romgaz prepares 1.5-billion-euro MTN scheme to finance Neptun Deep project Read More »
Net electricity generation in Croatia in March 2024 amounted to 1,457 GWh, which is 13.4% lower compared to March last year (1,682 GWh), according to the data by the Bureau of Statistics. In March, 782 GWh of electricity or 53.7% was produced in hydropower plants, 310 GWh or 21.3% was produced in thermal power plants,
Croatia: Net electricity production amounted to 1.5 TWh in March Read More »
