The Bulgarian Commission for Energy and Water Regulation (KEVR) has approved a 3.8% reduction in the wholesale price of natural gas for August 2025. The new price stands at approximately 31.7 euros per megawatt-hour, excluding VAT and excise duties. This follows a 0.6% price increase that was approved for July. The pricing decision takes into […]
Bulgaria cuts wholesale gas price by 3.8% for August 2025 Read More »
Local company Sun Electricity has submitted a request to the Government of the Republic of Srpska for a concession to develop a solar power plant near Nevesinje, in the Herzegovina region. The proposed project, named Zlatac 1, is estimated at €117.5 million. The plant would have an installed capacity of 110 megawatts and is expected
Luka Petrovic, General Director of the state-owned power utility ERS, announced that there are no plans to increase electricity prices in the Republic of Srpska. He emphasized that the electricity system is expected to remain stable in the coming period, eliminating the need for any price adjustments. Petrovic highlighted that ERS has implemented several measures
Europe: ERS rules out electricity price hike in Republic of Srpska Read More »
A sharp decline in electricity output from wind and hydropower plants prompted the European Union to increase its reliance on gas and coal generation in the first half of 2025. This shift led to the largest annual rise in fossil-fuel electricity production since 2017 and caused a 9 percent increase in carbon dioxide emissions compared
Europe: EU boosts fossil fuel power as wind and hydropower decline in early 2025 Read More »
In Week 30 of 2025, European gas prices declined, with Dutch TTF prices falling below €34/MWh — the lowest level recorded since April 29, 2025. This decrease was mainly driven by steady Norwegian gas supplies and continued progress in EU gas storage refilling. By the end of July, storage levels had surpassed 65% capacity, putting
Europe: Gas prices slide in Week 30 amid strong supply, cooling demand Read More »
In Week 30 of 2025, electricity market prices rose significantly across most Southeast European (SEE) countries compared to the previous week. All markets recorded weekly average prices above €100/MWh, with the exception of Türkiye. This marked the highest price point since the start of summer. The price increase was mainly attributed to elevated electricity demand
Region: Heatwave drives SEE electricity prices to summer highs in Week 30 of 2025 Read More »
The Serbian Energy Ministry has announced intentions to increase annual gas imports from Azerbaijan to 1 billion cubic meters, a rise of over 2.5 times the current agreement of 400 million cubic meters. Negotiations for new supply contracts are expected to begin soon, as existing agreements run through 2026 with an annual cap of 400
The US Treasury Department has postponed the activation of sanctions on Serbian oil company NIS for an additional 30 days, marking the fifth extension since January. Serbian Energy Minister Dubravka Djedović noted that securing a further, longer reprieve is currently not possible. She attributed the decision to the broader geopolitical situation and complex negotiations among
Serbia: US Treasury extends sanctions delay on NIS for fifth time Read More »
INVL Renewable Energy Fund I, managed by INVL Asset Management and focused on renewable energy projects, has obtained a €29.3 million loan from Kommunalkredit Austria to finance the construction of a 71 MW solar power plant in Dolj County, Romania. This loan represents the second financing line from the European infrastructure lender Kommunalkredit to the
Romania: INVL Renewable Energy Fund I secures €29.3 million loan for 71 MW solar project Read More »
On 29 July, a total of 231,827 Guarantees of Origin (GOs) were sold in auctions organized by HROTE and ENNA Next. These auctions were conducted in five parallel sessions via CROPEX’s IT trading platform, covering GOs from wind, biogas, and solar power sources.
Croatia: Summary of Guarantees of Origin auctions for electricity held on 29 July Read More »
