News - Page 90 of 95 - Balancing Energy

Bulgaria: Bulgartransgaz chooses contractors for the Vertical Gas Corridor expansion

Gas transmission operator Bulgartransgaz has successfully finalized the most important public procurement related to the implementation of the Vertical Gas Corridor concept, the company said in a press release. This procurement covers spatial planning, investment design, procurement of necessary materials and equipment, construction, and commissioning of new sites to expand Bulgartransgaz EAD’s gas transmission infrastructure. […]

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Slovenia: Krsko NPP expansion project estimated at 9.3 to 15.4 billion euros

Slovenian energy group Gen-Energija said an expansion of Krsko nuclear power plant’s capacity by 1,000 MW will cost an estimated 9.3 billion euros. The estimated investment value is 9,300 euros per kW of installed power. This means 9.3 billion euros for 1,000 MW and 15.4 billion euros for 1,650 MW, Gen-Energija’s executive director for finance,

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Slovenia gets 68% of its gas from Austria

In 2023 Slovenia imported 68.3% of its gas from Austria and 28.3% from Algeria, through Italy, according to data published by the Energy Agency. The agency sdded that Russian gas still represents a large share of the gas imported from Austria. Slovenia is one of five EU states that have not cut gas consumption by

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Europe: Emission allowances futures reached weekly minimum price of 69.5 euros/MWh

AleaSoft Energy Forecasting reports that emission allowances futures in the EEX market for the reference contract of December 2024, settlement prices remained around €70/t during the third week of May. On Wednesday, May 15, these futures reached their weekly minimum settlement price, €69.46/t. According to data analyzed at AleaSoft Energy Forecasting, this price was 3.1% lower than the previous

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Europe: Gas futures fell below 30 euros/MWh

Access to AleaSoft Energy Forecasting, TTF gas futures in the ICE market for the FrontMonth, on Monday, May 13, continued with the declines of the previous week. On that day they reached their weekly minimum settlement price, €29.58/MWh. According to data analyzed at AleaSoft Energy Forecasting, this price was 8.0% lower than the previous Monday and the

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Europe: Electricity prices ranged from 13 to 96 euros/MWh in week 19

According to AleaSoft Energy Forecasting, in the third week of May, prices in most major European electricity markets registered an upward trend between Tuesday, May 14, and Friday, May 17, reaching the highest daily price of the week on that day. However, this peak was lower than the previous week’s peak. Despite the aforementioned upward

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Europe: Wind energy production increased in week 19

AleaSoft Energy Forecasting reports that in the week of May 13, wind energy production increased in most major European markets compared to the previous week, reversing the downward trend of the previous week. Increases ranged from 14% in the Spanish market to 224% in the German market. The exceptions were the Italian and French markets, which

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SEE region: Electricity prices ranged between 66 and 91 euros euros/MWh in week 19

In week 19, electricity prices in SEE region increased compared to the previous week, by 25% in average, due to the higher electricity demand, the drop in wind energy production and the increase of CO2 emission right futures. Most markets reached the highest on Monday May 6 and then fell back over the course of the week.

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Romania: Electrica reports net profit of 25,6 million euros in Q1

In the first three months of 2024, EBITDA at the Electrica Group level increased by 170 percent, reaching RON 400.8 million (80.5 million euros), compared to RON 148.7 million (29.9 million euros) achieved in the first three months of 2023. The EBITDA growth was mainly driven by the operational performance of the distribution segment on

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Romania: Hidroelectrica’s net profit reached 265 million euros in Q1

Hidroelectrica records a decrease in operational and financial results for the first three months of 2024 compared to the same period in 2023, in line with the approved budget. Hiroelectrica’s operating margin and net margin decreased by 2 percent and 1 percent, respectively, compared to the same period in 2023, mainly due to the decrease

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