TRADING
Photo: Energetika.NETBiH’s Gas TSO and ArcelorMittal Sign Gas Supply Contract Worth Around EUR 39m
November 11, 2019 | Peter PalčecNatural gas | Energy policy
Bosnia and Herzegovina’s (BiH) company ArcelorMittal and BiH’s gas TSO, BH-Gas, have signed a five-year contract for the supply of gas, worth USD 43 million (EUR 38.97), following six months of negotiations, states a press release from the Federal Minister of Energy, Mining and Industry....
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Photo: Alenka Lena KlopčičMacedonian ESM Could Upgrade Špilje and Globočica HPPs in the Future
November 11, 2019 | Peter PalčecElectricity
“The Špilje and Globočica hydropower plants (HPPs) in North Macedonia, which are part of the Black Drim hydro power system (FES), could be upgraded with one more unit each in the future, thus increasing generating system services,” said Sašo Korkut, the director of FES, which is part of the Macedonian state-owned utility ESM (previously ELEM), states a press release from ESM....
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Photo: EPCGMontenegrin EPCG Chooses Contractor for Reconstruction of Pljevlja TPP
November 11, 2019 | Peter PalčecElectricity | Coal | Energy policy
The Montenegrin power utility, Elektroprivreda Crne Gore (EPCG), has selected the consortium DEC International-Bemax-BB Solar-Permonte as the most favourable bidder in the tender for the selection of a contractor for the ecological reconstruction of the Pljevlja thermal power plant (TPP), states a press release from EPCG. The chosen consortium submitted a bid of EUR 54.427 million to carry out the...
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Photo: www.nis.rsSerbian NIS's Net Profit Down 50.7% in First 9 Months of 2019
November 11, 2019 | Peter PalčecOil and oil derivates | Economy
The Serbian oil and gas company Naftna industrija Srbije (NIS) generated a net profit of RSD 10.7 (EUR 91.11 million) in the first nine months of 2019, down 50.7% from the RSD 21.7 billion (EUR 183.6 million) the company generated in the same period in 2018, said NIS on Friday....
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Photo: Alenka Lena KlopčičAnalysis for Introduction of Capacity Mechanism in Bulgaria to be Finalised Soon
November 8, 2019 | Tanja SrnovršnikElectricity | Energy policy
An analysis of the adequacy of the Bulgarian and regional power system, which is being prepared by an international consulting company and is a prerequisite for justifying the need to introduce a capacity mechanism in Bulgaria, will be finalised in the coming weeks, said Bulgaria’s Minister of Energy, Temenuzhka Petkova, on Thursday, according to a ministry press release....
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Photo: www.pixabay.comRomanian Regulator ANRE Faces Political Influence Claims
November 8, 2019 | Peter PalčecElectricity | Natural gas | Energy policy
Romanian and foreign market participants have called for an international investigation into the independence of the national energy regulator, ANRE, amid concerns of political interference that may have led to significant market distortions. “Under EU rules, which Romania as a member state has committed to uphold, the regulator is expected to remain independent of political or private sector...
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Photo: Roman PeklajSEE CAO Announces Auction for December 2019
November 8, 2019 | Tanja SrnovršnikElectricity
The South East European Coordinated Auction Office (SEE CAO) has announced the monthly auction for the allocation of physical transmission rights (PTR) for December 2019....
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Photo: ShutterstockTraded Volumes on CEGH VTP Reach All-Time High in October 2019
November 8, 2019 | Tanja SrnovršnikNatural gas
The nominated gas volumes at the CEGH Virtual Trading Point (VTP) reached an all-time high of 72.88 TWh in October 2019, which is an increase of 27.7% compared to September 2019 and an increase of 11.3% compared to October 2018, said the Central European Gas Hub (CEGH) on Thursday....
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Photo: ACERECRB: Forward Price Signal Still Lacking in Western Balkans
November 7, 2019 | Tanja SrnovršnikElectricity
Between 50% and 90% of power generation in Western Balkan countries is ‘reserved’ for end users, leaving only a small volume to be traded through market mechanisms either via tenders or bilaterally. A significant percentage of trading activity takes place via bespoke profiles, which are usually short term up to a month ahead with insignificant activity on yearly contracts. In the absence of...
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Photo: Roman PeklajA Total of 7.37 GWh Traded on Slovenian BSP in First 10 Months of 2019
November 7, 2019 | Tomo Bajželj, BSPElectricity
A total volume of 7.37 TWh was traded on the Slovenian power exchange, BSP, in the first ten months of 2019, up 15% compared to the same period last year. In October 2019 the total trading volume on BSP amounted to 802 MWh and exceeded the volume from October 2018 by 11%....
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