During Week 48 of 2025, electricity prices across Southeast Europe (SEE) increased moderately compared to Week 47, driven primarily by higher regional demand, despite cheaper TTF gas and rising wind output. Except for Türkiye, all SEE markets recorded weekly average prices above €100/MWh, bringing the regional average to around €118/MWh. Türkiye (+22.9%) and Hungary (+20.93%) […]
OX2 Romania, the local subsidiary of Swedish OX2 Group, has acquired three new wind projects totaling 235 MW from Future Power, further expanding its footprint in Romania’s rapidly growing renewable energy sector. The new sites are located in the Vaslui and Vrancea counties, bringing OX2’s Romanian portfolio to over 1.1 GW. The company now manages
OX2 Romania expands wind portfolio with acquisition of 235 MW projects Read More »
Romanian electricity distributor and supplier Electrica posted a net profit of €168 million in the first nine months of 2025, marking a 177% increase compared to the same period in 2024. At the group level, EBITDA surged 63.1%, rising by €134 million to €346.5 million, up from €212.5 million a year earlier. This growth was
Romania: Electrica reports strong profit growth in first nine months of 2025 Read More »
The Independent Bulgarian Energy Exchange (IBEX) reached a new daily record on its intraday market segment (continuous trading mechanism) for the delivery day of 2 December 2025. The total traded volume amounted to 37,100.55 MWh, representing a 15% increase compared to the previous record of 32,221.23 MWh, set on 17 July 2025.
Bulgaria: IBEX sets new daily record on intraday market Read More »
The Ugljevik coal mine and thermal power plant (RiTE Ugljevik) has not yet started extracting coal from the Ugljevik-Istok 2 deposit, as the company’s shareholders have not yet approved all required resolutions. According to RS Minister of Energy and Mining Petar Djokic, a shareholders’ assembly is scheduled for 16 December, where the company must formally
Bosnia and Herzegovina: Ugljevik coal mine and thermal power plant update Read More »
The European Union has reached an agreement to implement a complete ban on Russian natural gas imports, nearly four years after Russia’s invasion of Ukraine. EU diplomats and members of the European Parliament approved a phase-out timeline that will end all imports of Russian gas by autumn 2027, with earlier deadlines for liquefied natural gas
Europe: EU agrees to full ban on Russian gas imports by 2027 Read More »
Serbia is implementing emergency measures to maintain energy stability after the United States refused to issue a license allowing oil company NIS to continue operating its Pančevo refinery. Following consultations with national energy teams, President Aleksandar Vučić announced that Serbia would temporarily secure NIS’ payment operations through the end of the week, despite the financial
Serbia prepares emergency measures as US denies NIS refinery license Read More »
Romanian authorities are reviewing major amendments to the Oil Law that could remove Lukoil’s dominant position in the Trident offshore concession in the Black Sea. Local media report that the government is evaluating options to either return the concession to state ownership or transfer operational control to Romgaz, which currently holds a 12.5% minority stake.
Econergy Renewable Energy has secured €40.5 million in project financing from UniCredit Bank to support operations at its Oradea solar power plant in northwestern Romania. Part of the funding will be used to refinance existing debt from the plant’s construction phase. The 87 MW solar facility, located in the Crisana region, has been fully operational
Operations at the Brazi combined-cycle gas power plant were partially suspended on 2 December after two generating units, totaling 569 MW, were taken offline around midday. The plant, operated by OMV Petrom, is experiencing technical issues related to the supply of process water, which is critical for its operation. A third unit, with a capacity
Romania: Partial shutdown at Brazi gas plant due to water supply issues Read More »
