In the first week of April, Brent oil futures for the Front Month on the ICE market remained above $74 per barrel during the first three sessions. On April 2, the futures reached a weekly peak settlement price of $74.95 per barrel, marking the highest level since February 21. However, by Thursday and Friday, prices […]
In the first week of April, average electricity prices decreased in most major European markets compared to the previous week. The only exception was the Nord Pool market of the Nordic countries, which saw a 5.0% increase. The EPEX SPOT market in France experienced the largest percentage price drop, with a 46% decline. Other markets,
Europe: Electricity prices fall in early April amid increased renewable production Read More »
In the week of March 31, electricity demand in most major European markets decreased compared to the previous week. The French and British markets saw the largest drops, with declines of 8.5% and 7.3%, respectively. Other markets, including Spain, Germany, Portugal, and Belgium, also experienced reductions in demand, ranging from a 2.3% decline in Spain
Europe: Electricity demand declines in late March 2025, with regional variations Read More »
In the first week of April, solar photovoltaic energy production saw an increase across most major European electricity markets compared to the previous week. Germany experienced the most significant growth, with a 54% rise, while France and Italy saw increases of 28% and 41%, respectively. However, solar energy production decreased in the Iberian Peninsula, with
At the 11th Ministerial Meeting of the Southern Gas Corridor Advisory Council in Baku, Serbian Assistant Minister of Oil and Gas, Sasa Kokovic, emphasized the growing energy partnership between Serbia and Azerbaijan. He highlighted the completion of the Serbia-Bulgaria gas interconnector in December 2023 as a major milestone in Serbia’s integration into regional energy infrastructure.
Serbia strengthens energy ties with Azerbaijan at Southern Gas Corridor Advisory Council Read More »
In response to US sanctions targeting its energy sector, particularly the oil company NIS, the Serbian Government has enlisted the lobbying services of BlackSummit Capital. The firm’s role is to assist Serbia in navigating the sanctions imposed on NIS, which is partly owned by the Russian company GazpromNeft. A document from the US Department of
Serbia hires BlackSummit capital for lobbying amid US sanctions on NIS Read More »
A Romanian consortium comprising Elsaco and Energomontaj has been awarded the contract by the Municipality of Ramnicu Valcea to construct a 145 MW gas-fired cogeneration power plant at the CET Govora site. The project, valued at approximately 100 million euros, is funded by the European Union. The new facility will be integrated with the national
In March 2025, the average electricity price on the day-ahead market of the Romanian energy exchange OPCOM reached 106.36 euros/MWh, marking a 67.66% increase compared to the same month in 2024, but a 32.33% decrease from the previous month’s average baseload price of 157.19 euros/MWh. The total traded volume on the day-ahead market in March
Romania: Electricity prices on OPCOM market experience significant changes in March 2025 Read More »
State-owned power utility EPCG has requested a one-year extension for completing the first phase of the Otilovici small hydropower plant (SHPP) project near Pljevlja. The delay is due to the ongoing tender process for the facility’s design and construction. The first phase involves preparing the necessary technical documentation. The Otilovici SHPP will be built on
Montenegro: EPCG seeks one-year extension for Otilovici small hydropower plant project Read More »
In March 2025, the average electricity price on the day-ahead market of the Hungarian energy exchange HUPX dropped significantly, reaching 108.9 euros/MWh. This marks a 31% decrease compared to February’s average baseload price of 158.88 euros/MWh. The average peak price on the HUPX day-ahead market also saw a notable decline, falling by 40% to 100.61
Hungary: March 2025 sees significant drop in electricity prices on HUPX day-ahead market Read More »
