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Solar boost in Croatia may spur price volatility – traders

Croatia should see more power price volatility, especially in Q2, due to its interconnectedness with the European market and the scale-up of solar production by the country and its regional peers, tra...
Date: 26.02.2024, Category: Trading

EU to fall short of 2030 wind energy capacity target – lobby

The EU is set to install 200 GW of new wind power capacity through 2030 but will fall short of the 425 GW needed to achieve the 42.5% renewable energy target, WindEurope warned on Wednesday....
Date: 28.02.2024, Category: Trading

Serbia eyes market coupling with EU by Q1 2026

Serbia can couple its power market with the EU in Q1 2026 if European clean energy laws are transposed into national legislation this year, the COO of the country’s bourse Seepex told Montel....
Date: 27.02.2024, Category: Trading

W. Balkans coal-free by 2034 with faster EU ETS entry – Ceps

The Western Balkans could achieve a complete coal phase-out by 2034 if its power sector’s accession to the EU Emissions Trading System (ETS) is fast-tracked, said the Brussels-based think tank Ceps on...
Date: 26.02.2024, Category: Focus

Croatian regulator blocking 1.3 GW of new renewables – OIEH

Croatia’s energy regulator Hera has effectively blocked around 1.3 GW of new renewables projects by failing to adopt the new grid connection fee, Tea Dabic, legal expert from renewables association OI...
Date: 27.02.2024, Category: Trading

BiH 2023 power output rises 5% with hydro accounting for 42%

Bosnia and Herzegovina's (BiH) 2023 net power output rose 5% year on year to nearly 15.4 TWh, as the hydropower share jumped to 42% from 31% a year before, said the state statistics agency Bhas....
Date: 29.02.2024, Category: Trading

Romania’s OMV Petrom secures funding for 55 MW of green H2

Romania’s energy company OMV Petrom has obtained financing through the country’s national recovery plan for two green hydrogen production projects with a total capacity of 55 MW at the Petrobrazi refi...
Date: 26.02.2024, Category: Trading

Croatia below EU average on wind energy – lobby group

Wind accounted for 14% of Croatia’s energy mix in 2023, below the EU average of 19%, but the rollout of new capacity aligns with projections from the country’s energy plan, a WindEurope analysis shows...
Date: 28.02.2024, Category: Articles

EBRD calls on W. Balkans to accelerate green transition

The Western Balkans must accelerate the green transition, boost renewables and power grid investments and improve energy efficiency to help bolster resilience to future energy shocks and economic comp...
Date: 26.02.2024, Category: Articles

Lithuania to push Russian LNG ban to EU ministers on Monday

Lithuania will call for urgent legal actions to stop Russian LNG imports to the EU at an energy ministers' council meeting on Monday, a senior EU diplomatic source said on Thursday....
Date: 29.02.2024, Category: Trading

SEE POWER – Gas rebound supports Hungarian curve

Hungarian power futures have recovered some value this week following an uptrend in European gas prices, but the overall sentiment remains bearish....
Date: 28.02.2024, Category: Trading

Bulgarian power market ready for coal plant closure – expert

The partial closure of Bulgaria’s 908 MW Martisa East 3 coal plant did not come as a surprise to the market and is unlikely to significantly affect its activity, a local expert has told Montel....
Date: 28.02.2024, Category: Focus

Gas prices bounce back from 34-mth low but outlook bearish

Europe’s benchmark Dutch TTF front-month gas contract rebounded from a 34-month low reached during the previous session on Monday, though gains were capped by mild weather and comfortable supply....
Date: 26.02.2024, Category: Trading

Gas prices rise to 2-week high amid short-covering

European gas prices rose to more than two-week highs in Wednesday trading amid short-covering after recent sharp losses and some tightening of prompt supply....
Date: 28.02.2024, Category: Trading

Slovenian power output grows by 17% in January

Slovenia’s total net power output in January increased by 17% year on year to 1,354 GWh due to higher hydropower and coal-fired production, the country’s statistical office Surs said on Monday....
Date: 26.02.2024, Category: Trading

W. Balkans set to add 2.4 GW of wind by 2030 – WindEurope

The Western Balkans is set to install 2.4 GW of wind power capacity through 2030, adding to the 975 MW reached in 2023, according to a report published by lobby WindEurope on Wednesday....
Date: 28.02.2024, Category: Trading

Gas prices slip from 2-week high as market corrects

Benchmark European gas prices retreated from their strongest levels in a fortnight on Thursday as the market corrected down from this week’s rally....
Date: 29.02.2024, Category: Trading

Oil extends losses on unlikely US rate cut, dollar boost

Oil prices eased further on Monday morning after having lost 2% in value last week on the back of a stronger US dollar and a widely anticipated delay in US interest rate cuts....
Date: 26.02.2024, Category: Trading

Montenegro ministry denies renewables law transparency issue

Montenegro's energy ministry has dismissed allegations of non-transparency in drafting the long-awaited renewables law in a statement for Montel and said that it will thoroughly assess over 100 commen...
Date: 27.02.2024, Category: Trading

Oil prices edge higher as supply concerns linger

Oil prices continued to rise early on Tuesday after ending the previous session more than 1% higher as supply disruption concerns in the Middle East drove developments....
Date: 27.02.2024, Category: Trading

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