Electricity demand declines across most major European markets in early April

During the week of April 7, electricity demand decreased in most major European markets compared to the previous week. Demand in Germany, France, and Spain fell for the fourth consecutive week, while in Portugal, it dropped for the third consecutive week. The French and Portuguese markets saw the largest declines, with demand falling by 4.9% […]

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Solar energy production hits records in Italy and France, while wind energy declines across Europe

During the week of April 7, solar photovoltaic energy production increased across major European markets compared to the previous week. The Iberian Peninsula saw the most significant gains, with Spain up by 17% and Portugal increasing by 10%. The German market recorded the smallest increase, at just 1.0%. Additionally, both the Italian and French markets

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Serbia establishes SPV Banatski Dvor to oversee strategic gas storage expansion

The Serbian Government has approved the creation of a new state-owned company, SPV Banatski Dvor, based in Novi Sad, to manage the expansion of the country’s only underground gas storage facility in Banatski Dvor. The expansion project, which is already in progress, aims to double the storage capacity to enhance Serbia’s energy security, addressing rising

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Romania ends 2024 as net electricity importer amid weak hydropower and wind output

In 2024, Romania became a net importer of electricity due to a poor performance from its hydropower plants and underwhelming wind energy generation. According to the National Institute of Statistics (INS), electricity exports totaled 10.8 TWh, while imports reached 13.8 TWh, resulting in a commercial deficit of 3 TWh. From a financial perspective, electricity exports

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Romania: Hidroelectrica launches €20 million tender for Pascani hydropower project

Romanian state-owned electricity producer Hidroelectrica has allocated approximately €20 million (excluding VAT) for advancing the Pascani hydropower plant (HPP) project on the Siret River. The investment focuses on acquiring and installing hydromechanical systems for four gates of the spillway dam. The contract encompasses a full turnkey solution, including design services, construction work, as well as

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Romania advances small modular reactor project at Doicești amid growing energy demands

Romania’s small modular reactor (SMR) initiative at Doicești is making steady progress, according to Cosmin Ghita, CEO of state-owned electricity producer Nuclearelectrica. The project is currently in the second phase of Front-End Engineering and Design (FEED 2), where detailed site evaluations and design adaptations are being carried out to ensure seamless integration with the national

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EU member states approve extension of gas storage rules to boost energy security

EU member state representatives have endorsed the EU Council’s revised position on the gas storage regulation, proposing a two-year extension of the current requirement for countries to fill their gas storage facilities to 90% ahead of winter. This move aims to protect the EU from volatile gas prices amid ongoing geopolitical tensions. The extension is

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Romania proposes financial guarantee for electricity market contracts to enhance stability and accountability

Romania’s National Energy Regulatory Authority (ANRE) has issued a draft order for public consultation that proposes the introduction of a financial guarantee for electricity market contracts. Set at 30% of the contract value, the guarantee is intended to bring more structure and stability to the electricity trading environment, according to ANRE President George Niculescu. Under

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Montenegro: Pljevlja coalmine reports slight decline in profit for 2024

Pljevlja coalmine recorded a net profit of 15.06 million euros in 2024, slightly down from 15.2 million euros in the previous year. According to the financial report, the coalmine’s sales revenues in 2024 reached 65.3 million euros, marking a 6.3% decrease compared to 2023. Operating expenses, however, dropped by 2.7%, totaling 57.1 million euros. At

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