Europe: EU stands firm on plan to end Russian oil imports by 2028 despite opposition

US President Donald Trump has urged European leaders to stop buying Russian oil as part of efforts to end the war in Ukraine. Energy remains Russia’s most profitable export, and fuel revenues continue to help finance the conflict. In response, the EU is negotiating legal proposals to phase out oil and gas imports from Russia […]

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Serbia: SEEPEX reports slight decline in day-ahead electricity trading for August 2025

A total of 478,334.3 MWh of electricity was traded on the Serbian energy exchange SEEPEX’s day-ahead market in August 2025, marking a 0.7% decrease compared to July. The average daily traded volume was 15,430.2 MWh. Compared to August 2024, the traded volume was 9.8% lower. The average daily base price on the day-ahead market in

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Romania advances NPP Cernavoda Unit 1 refurbishment to boost nuclear energy security

Nuclearelectrica has reported significant progress on the refurbishment of Unit 1 at the Cernavoda Nuclear Power Plant, with civil construction works now underway. The refurbishment is a key component of Romania’s national nuclear strategy, which also includes plans to build Units 3 and 4. Extending Unit 1’s operational life by 30 years is expected to

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Bulgaria: IBEX day-ahead market sees slight volume dip in August, prices drop sharply

In August 2025, a total of 2,508,687.9 MWh of electricity was traded on the day-ahead market of the Independent Bulgarian Energy Exchange (IBEX), marking a 0.7 % decrease compared to July. The average daily traded volume reached 80,925.4 MWh. Year-on-year, traded volume was up by 5 % compared to August 2024. The average baseload price

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Bosnia and Herzegovina: RS electricity distributors seek higher network fees, potentially raising household bills by over 20%

Electricity distribution system operators in the Republic of Srpska are pushing for an increase in distribution fees from 40.58% to 46.01%, citing higher costs for covering network losses. The move follows a decision by state-owned utility ERS to raise the price of electricity used for these losses from €55.7 to €77.7 per MWh, a 40%

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Bosnia and Herzegovina: Trebinje 1 solar power plant faces major delays and financial troubles

Trebinje 1 solar power plant, a joint venture between Bosnian state-owned power utility ERS and Hungarian investors, is facing severe financial difficulties that threaten its future. Initially promoted as the largest solar facility in the Balkans and expected to begin operating in mid-2023, the project is far from completion. The company SE Trebinje 1, which

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Slovenia: Feasibility and economic studies confirm viability of Krsko nuclear power plant expansion

Technical assessments commissioned by Gen Energija from French company EDF and US-based Westinghouse have confirmed that their standard reactor designs can be constructed at the planned site for the second unit of the Krsko nuclear power plant. The studies indicate that the project is feasible both technically and within projected budget limits. EDF proposed reactors

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Serbia partners with South Korea to develop nuclear and hydrogen energy technologies

The Ministry of Mining and Energy has signed two memoranda of cooperation with Korea Hydro and Nuclear Power (KHNP) to advance nuclear energy and hydrogen technologies. The agreements were formalized at the Korea-Serbia Forum for Strategic Energy Development in Belgrade. The nuclear energy memorandum aims to strengthen Serbia’s capacity in nuclear technologies through workforce training

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Romania: Hidroelectrica launches €49.5 million tender for Nehoiasu II hydropower plant expansion

Hidroelectrica has announced a public tender valued at approximately 49.5 million euros for the supply and installation of mechanical and electrical equipment at the Nehoiasu II hydropower plant. The project focuses on expanding the 110 kV transformer station. The contract includes a range of activities such as turbine works, preparation of technical documentation, equipment manufacturing

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