At the 39th European Gas Regulatory Forum held in Madrid, Director of the Energy Community Secretariat Artur Lorkowski presented an overview of recent regional developments and outstanding challenges. He pointed out ongoing progress in decarbonizing the energy sector and enhancing the independence of network operators. While most network codes have been adopted into national legislation, […]
Serbia possesses significant untapped geothermal energy resources that have the potential to play a key role in the country’s energy transition. Ivan Jankovic, Deputy Minister of Mining and Energy, highlighted the importance of incorporating geothermal energy into Serbia’s overall energy strategy. As part of an initiative aimed at improving energy efficiency in state-owned buildings, the
Serbia explores geothermal energy to boost clean energy transition Read More »
Electrica delivered a robust financial performance in the first quarter of 2025, posting a net profit of approximately 39.4 million euros. This represents a 53.2% increase compared to the same period in 2024. The growth was primarily driven by improved results in the electricity distribution segment, supported by higher distributed volumes and increased tariffs. The
Romania: Electrica reports strong Q1 2025 performance with significant profit growth Read More »
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
North Macedonia moves forward with major hydropower projects Cebren and Galiste Read More »
A significant breakthrough in Hungary’s energy sector has come from Somogysamson, located in the southwest of the country, where a newly operational oil well is producing 1,400 barrels per day. This discovery marks the first new oil field in the Transdanubian region in nearly a decade and contributes about 1.5% to the MOL Group’s overall
Hungary: New oil well in Somogysamson boosts energy output Read More »
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
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
Bulgaria: HPP Chaira reaches major milestone in modernization efforts Read More »
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
Bulgaria: Bulgargaz proposes slightly lower wholesale gas price for June 2025 Read More »
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
Energy Community highlights progress and challenges in gas storage across the region Read More »
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
Slovenia: Petrol to distribute nearly entire profit as dividends amid margin concerns Read More »
