electricity

Montenegro: EPCG completes modernization of Perucica HPP Unit A7, extending lifespan and boosting efficiency

Montenegrin state-owned power utility EPCG has completed the reconstruction and modernization of Unit A7 at the Perucica hydropower plant, marking a major milestone in extending the operational life of the country’s oldest hydropower facility. The upgrade has enhanced the plant’s reliability, efficiency, and operational flexibility, ensuring continued stable electricity production. The project involved a full […]

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North Macedonia faces critically low hydropower reserves amid prolonged drought

Prolonged drought and scarce rainfall have severely reduced water levels in North Macedonia’s reservoirs and hydropower plants. According to data from state-owned power utility ESM, the total stored energy currently amounts to just 124 GWh—only 21% of the country’s total reservoir capacity. At this time of year, hydropower facilities typically supply around a quarter of

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Europe: Electricity prices rose in late October amid lower wind and solar output, expected to ease in early November

In the last week of October, average electricity prices rose across all major European markets compared to the previous week. The smallest increases were recorded in the United Kingdom’s N2EX market and Italy’s IPEX market, where prices rose by 0.7% and 0.9%, respectively. The largest percentage increases occurred in the Nordic region’s Nord Pool market

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Europe: Electricity demand declined in late October, expected to rise in early November

During the week of October 27, electricity demand declined across most major European markets compared to the previous week. Italy recorded the largest decrease, with demand falling by 2.8%, followed by Portugal and Germany, where demand dropped by 1.8% and 1.7%, respectively. Spain registered the smallest decline at 0.6%. These reductions reversed the upward trend

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Europe: Solar and wind energy production declined in late October, recovery expected in early November

During the week of October 27, solar photovoltaic energy production declined across most major European electricity markets compared to the previous week. France recorded the largest drop at 15%, marking the third consecutive week of decline. Portugal and Spain followed with decreases of 8.0% and 7.2%, respectively—representing the fourth consecutive weekly drop for Portugal and

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Understanding how the European electricity market works: Liberalization, pricing and integration

An electricity market is an organized system where various participants—such as power generators, retailers, and large consumers—buy and sell electrical energy. Unlike most other goods, electricity cannot be stored easily in large quantities, meaning it must be generated and consumed simultaneously. This characteristic makes managing the electricity market more complex and gives it unique features.

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Romania: Hidroelectrica exceeds one million customers, driving renewable energy transformation

Electricity producer Hidroelectrica has exceeded one million household and business customers on Romania’s retail electricity market, marking a significant milestone in the company’s growth and diversification. Since entering the retail supply sector in 2020, Hidroelectrica has rapidly established itself as one of the country’s most trusted and influential energy providers. The company’s success reflects the

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Bosnia and Herzegovina: RiTE Ugljevik reports €11.6 million loss in first nine months of 2025, TPP Gacko returns to operation after overhaul

The largest electricity producer in the Republic of Srpska, coalmine and thermal power plant RiTE Ugljevik, reported a loss of 11.6 million euros in the first nine months of 2025, compared to a loss of 15.3 million euros during the same period last year. According to the company’s financial statement, total revenues for the reporting

Bosnia and Herzegovina: RiTE Ugljevik reports €11.6 million loss in first nine months of 2025, TPP Gacko returns to operation after overhaul Read More »

Serbia: SEEPEX day-ahead trading rises 11.9% in October, prices up sharply from September

A total of 511,894 MWh of electricity was traded on the day-ahead market of the Serbian energy exchange SEEPEX in October 2025, marking an 11.9 percent increase compared to the previous month and averaging 16,512.7 MWh per day. However, trading volume was 6 percent lower than in the same month last year. The average daily

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Romania raises electricity and heating prices as cogeneration tax increases by 62%

Starting November 1, electricity and heating prices in Romania will increase slightly following a 62 percent rise in the high-efficiency cogeneration tax, which has been raised to 0.0027 euros per kilowatt-hour. The adjustment was announced by the Smart Energy Association (AEI), which warned that despite years of contributions intended to fund efficiency improvements, consumers continue

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