electricity

Greece: Uncertainty grows around Crete–Cyprus electricity link amid geopolitical and financial pressures

The future of the major submarine electricity interconnection between Crete and Cyprus, known as the Great Sea Interconnector, is now uncertain due to financial difficulties and geopolitical tensions. In response, Greek authorities and the transmission network operator ADMIE are considering an alternative plan to redirect the under-construction cable to the Aegean Sea. The situation developed […]

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Bulgaria postpones electricity market liberalization for households

The planned liberalization of Bulgaria’s electricity market for household consumers has been postponed indefinitely, according to Plamen Mladenovski, Chairman of the Energy and Water Regulatory Commission (KEVR). The decision was made following the latest proposals submitted to the Parliamentary Energy Committee. For the time being, the liberalization process will apply only to the wholesale electricity

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Region: SEE electricity prices surge amid higher demand and energy costs

In Week 19 of 2025, electricity prices across Southeast Europe (SEE) saw significant increases, driven by higher gas and CO₂ costs, as well as increased electricity demand due to lower-than-average temperatures. Prices started the week around €100/MWh and gradually dropped, falling below €70/MWh by Sunday, May 11. Among SEE countries, Bulgaria and Greece recorded the

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Romania: Yesilyurt Enerji to acquire 41 MW solar project in as part of European expansion

Turkish company Yesilyurt Enerji is set to acquire a 41 MW solar project in Dâmbovița County, southern Romania. The project has reached the “ready-to-build” phase, meaning that construction can begin as all necessary permits have been secured. Founded in 2010, Yesilyurt Enerji began producing electricity in 2013 with the construction of a gas-fired power plant

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Romania: Alive Capital develops 23 MW solar power plant with energy storage component

Since 2013, the Romanian company Alive Capital has been providing integrated management services to renewable energy producers. Recently, the company completed the development of a solar power plant with an installed capacity of 23 MW, supported by funding from the National Recovery and Resilience Plan (PNRR). The Da Vinci New Project, located in Nanov, Teleorman

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Montenegro’s April 2025 electricity bills: Decrease from March, increase from last year

In April 2025, the average electricity bill for households in Montenegro was 32.15 euros, reflecting a 16.5% decrease compared to the previous month (38.48 euros) and an 11.9% increase from April 2024 (28.73 euros). The lowest average bill was recorded in the municipality of Žabljak, at 20.4 euros, while the highest was in Tivat, where

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Region: Italy and Greece to build new undersea power interconnector

Italian electricity transmission operator Terna and its Greek counterpart ADMIE have signed an agreement to construct a new undersea electricity interconnector between the two countries. The project, valued at nearly 2 billion euros, is intended to strengthen the energy link between Italy and Greece and improve the resilience of the European electricity network. The decision

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Croatia: HROTE, ENNA and CROPEX announce wind power guarantee of origin auctions for May 20, 2025

HROTE, ENNA, and CROPEX have announced upcoming auctions for Guarantees of Origin (GOs) to be held on May 20, 2025. The auctions will be conducted through CROPEX’s IT trading platform and will feature GOs from electricity generated by wind power plants. HROTE will offer a total of 226,961 Guarantees of Origin for electricity produced under

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Electricity and gas prices in Serbia and Montenegro among lowest in Europe

Electricity prices in Serbia and Montenegro remain among the lowest in Europe, according to the most recent Eurostat data. In the second half of the previous year, the average electricity cost for households in Serbia was 18.16 euros per 100 kWh, significantly below the European Union average of 28.49 euros. Montenegro reported similarly low prices,

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Europe: Electricity prices rise across most markets in second week of May

In the second week of May, most major European electricity markets saw an increase in average prices. The only exceptions were Spain and France, where prices fell by 20% and 62%, respectively. Portugal and the Nordic countries experienced the highest percentage increases, with prices rising by 106% and 195%. Other markets such as Belgium and

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