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BiH’s Gas TSO and ArcelorMittal Sign Gas Supply Contract Worth Around EUR 39mPhoto: Energetika.NET

BiH’s Gas TSO and ArcelorMittal Sign Gas Supply Contract Worth Around EUR 39m

November 11, 2019 | Peter Palčec
Natural 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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Macedonian ESM Could Upgrade Špilje and Globočica HPPs in the FuturePhoto: Alenka Lena Klopčič

Macedonian ESM Could Upgrade Špilje and Globočica HPPs in the Future

November 11, 2019 | Peter Palčec
Electricity

“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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Montenegrin EPCG Chooses Contractor for Reconstruction of Pljevlja TPPPhoto: EPCG

Montenegrin EPCG Chooses Contractor for Reconstruction of Pljevlja TPP

November 11, 2019 | Peter Palčec
Electricity | 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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Serbian NIS's Net Profit Down 50.7% in First 9 Months of 2019Photo: www.nis.rs

Serbian NIS's Net Profit Down 50.7% in First 9 Months of 2019

November 11, 2019 | Peter Palčec
Oil 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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Analysis for Introduction of Capacity Mechanism in Bulgaria to be Finalised SoonPhoto: Alenka Lena Klopčič

Analysis for Introduction of Capacity Mechanism in Bulgaria to be Finalised Soon

November 8, 2019 | Tanja Srnovršnik
Electricity | 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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Romanian Regulator ANRE Faces Political Influence ClaimsPhoto: www.pixabay.com

Romanian Regulator ANRE Faces Political Influence Claims

November 8, 2019 | Peter Palčec
Electricity | 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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SEE CAO Announces Auction for December 2019Photo: Roman Peklaj

SEE CAO Announces Auction for December 2019

November 8, 2019 | Tanja Srnovršnik
Electricity

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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Traded Volumes on CEGH VTP Reach All-Time High in October 2019Photo: Shutterstock

Traded Volumes on CEGH VTP Reach All-Time High in October 2019

November 8, 2019 | Tanja Srnovršnik
Natural 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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ECRB: Forward Price Signal Still Lacking in Western BalkansPhoto: ACER

ECRB: Forward Price Signal Still Lacking in Western Balkans

November 7, 2019 | Tanja Srnovršnik
Electricity

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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A Total of 7.37 GWh Traded on Slovenian BSP in First 10 Months of 2019Photo: Roman Peklaj

A Total of 7.37 GWh Traded on Slovenian BSP in First 10 Months of 2019

November 7, 2019 | Tomo Bajželj, BSP
Electricity

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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