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Romanian OMV Petrom Buys Large Quantities of ElectricityPhoto: ACER

Romanian OMV Petrom Buys Large Quantities of Electricity

April 22, 2019 | Peter Palčec
Electricity | Natural gas | Energy policy | Economy

The Romanian oil and gas company OMV Petrom, the owner the Brazi gas cogeneration plant, has bought large amounts of electricity for base consumption at an average price of close to RON 300 (EUR 63) per MWh. For this month alone the company has contracted more than 100 GWh of electricity intended for delivery in the second half of 2019, reported Serbia-energy.eu....


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EnC Proceeds With Infringement Case Against SerbiaPhoto: Gazprom

EnC Proceeds With Infringement Case Against Serbia

April 22, 2019 | Peter Palčec
Natural gas | Energy policy

On 19 April 2019 the Energy Community Secretariat (EnC) sent a Reasoned Opinion to Serbia for its failure to ensure unrestricted non-discriminatory third-party access to the Horgoš interconnection point. Thereby, Serbia has infringed its obligation to ensure non-discriminatory third-party access to the natural gas transmission system. The Reasoned Opinion is the second step in the dispute...


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Bulgarian Energy Companies Demand Drastic Increase in Electricity PricesPhoto: www.pixabay.com

Bulgarian Energy Companies Demand Drastic Increase in Electricity Prices

April 19, 2019 | Peter Palčec
Electricity | Energy policy

Energy companies in Bulgaria are demanding an increase in the prices of the night and day electricity tariffs as of 1 July 2019, reported Novinite.com. ČEZ Elektro Bulgaria, a subsidiary of the Czech utility company ČEZ, has proposed to the Bulgarian energy regulator, EWRC, a 51% increase for night tariffs and an 11% increase for day tariffs....


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Romanian Romgaz Expects Lower Net Profit in 2019Photo: Plinovodi

Romanian Romgaz Expects Lower Net Profit in 2019

April 19, 2019 | Peter Palčec
Natural gas | Economy

The Romanian natural gas producer and supplier Romgaz announced that the company expects its revenues will amount to RON 5 billion (EUR 1.05 billion) in 2019, down 4.2% compared to 2018. Thus, the company’s planned net profit in 2019 may be 28% lower in comparison to 2018 and could amount to RON 1.1 billion (EUR 230 million), reported the Romania Insider....


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Albanian Electricity Imports from January to April Amount to EUR 100mPhoto: Tomaž Klopčič

Albanian Electricity Imports from January to April Amount to EUR 100m

April 19, 2019 | Peter Palčec
Electricity | Energy policy | Economy

Albania has been facing high costs for electricity imports since the beginning of 2019. The prices for electricity imports in the period from January to April 2019 amounted to EUR 100 million, which is why there is a fear that the great energy crisis that hit Albania in the period 2006 to 2007 could be repeated, reported Serbia-energy.eu....


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ACER: HERA’s Reference Price Methodology for Gas Tariffs Is Cost ReflectivePhoto: Plinovodi

ACER: HERA’s Reference Price Methodology for Gas Tariffs Is Cost Reflective

April 19, 2019 | Peter Palčec
Natural gas | Energy policy

The Agency for the Cooperation of Energy Regulators (ACER) has published its analysis of the consultation document on the gas transmission tariff structure for Croatia, which was announced by the Croatian energy regulator, HERA. ACER states that the reference price methodology (RPM), as part of the network code on harmonised transmission tariff structures for gas (NC TAR), shows a reasonable level...


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BiH’s Gas-Res Appoints New Acting DirectorPhoto: Gazprom

BiH’s Gas-Res Appoints New Acting Director

April 19, 2019 | Peter Palčec
Natural gas | Economy

Ljubo Glamočić has been appointed to the position of acting director of Republika Srpska’s gas company Gas-Res, reported Capital.ba. The former assistant Minister of Industry, Energy and Mining of Republika Sprska and the former member of the Energy Regulatory Commission will replace Slavko Mitrović in this position....


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Croatian CROPEX Announces Auctions To Cover Transmission System LossesPhoto: Roman Peklaj

Croatian CROPEX Announces Auctions To Cover Transmission System Losses

April 18, 2019 | Peter Palčec
Electricity | Energy policy | Economy

The Croatian power exchange CROPEX announced that on 6 May 2019 auctions for the purchase of energy to cover transmission system losses in the years 2020, 2021 and 2022 will be organised via the CROPEX trading platform, states a press release from CROPEX....


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Unit 3 of Serbian Kostolac TPP Receives Building PermitPhoto: Alenka Žumbar

Unit 3 of Serbian Kostolac TPP Receives Building Permit

April 18, 2019 | Peter Palčec
Electricity | Coal | Energy policy | Economy

A licence for the boiler turbine and generator of the new 350 MW unit 3 of the Serbian Kostolac B thermal power plant (TPP) has been issued, which should accelerate the construction of this new unit, states a press release from the Serbian government. A building permit for construction of the new unit was also issued....


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BiH Should Focus More on RES; ERS to Spend EUR 1.25bn on New RES CapacitiesPhoto: S. Miles/FreeDigitalPhotos.net

BiH Should Focus More on RES; ERS to Spend EUR 1.25bn on New RES Capacities

April 18, 2019 | Peter Palčec
Electricity | RES and EE | Coal | Energy policy | CO2 emissions

One of the key challenges of the energy transition in Bosnia and Herzegovina (BiH) is the move from fossil fuels to renewable energy sources. This was one of the main messages of the 5th Energy Summit that began on Tuesday in Neum, reported Capital.ba. Among others, Luka Petrović, general manager of Elektroprivreda Republike Srpske (ERS), one of the three power utilities in BiH, explained that...


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