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ELECTRICITY

Serbia’s goal of 40% renewables by 2040 very difficult to achieve - Danas

Date: 28.09.2021 Author: Peter Palčec
Serbia’s goal of 40% renewables by 2040 very difficult to achieve - DanasPhoto: S. Miles/FreeDigitalPhotos.net

Serbia’s intention to produce 40% of its energy from renewables by 2040 will be very difficult to achieve given the current situation, reports the Serbian news portal Danas.

High power prices to last for 4 to 5 years in Romania – Competition Council

Date: 28.09.2021 Author: Peter Palčec
High power prices to last for 4 to 5 years in Romania – Competition CouncilPhoto: Pixabay

High electricity prices in Romania will continue for as long as the country relies on coal-fired power generation, said Romanian Competition Council chairman Bogdan Chiritoiu last Friday, according to

Macedonian regulator starts to revoke power supply licences

Date: 28.09.2021 Author: Peter Palčec
Macedonian regulator starts to revoke power supply licencesPhoto: Andreja Krašna

The Macedonian energy regulator RKE has started the process of revoking power supply licences for two companies that failed to honour their contracts and supply the agreed quantities of electricity on

Bullish gas market to further drive SEE spot prices upward – EQ

Date: 28.09.2021 Author: Tanja Srnovršnik
Bullish gas market to further drive SEE spot prices upward – EQPhoto: ACER

Soaring gas prices are expected to further lift spot power prices in south-east Europe (SEE) next week, to an average of over EUR 155/MWh, according to Montel’s Energy Quantified (EQ) data.

Hungarian Paks 2 nuclear plant to be operational by 2028-2029 – minister

Date: 27.09.2021 Author: Peter Palčec
Hungarian Paks 2 nuclear plant to be operational by 2028-2029 – ministerPhoto: Rosatom

Hungary expects that the two new units at the Paks nuclear power plant will become operational in 2028 or 2029, said Hungarian foreign minister Peter Szijjarto last Thursday in a report filed by the

Macedonian suppliers terminating power contracts due to high spot prices

Date: 27.09.2021 Author: Peter Palčec
Macedonian suppliers terminating power contracts due to high spot pricesPhoto: Roman Peklaj

Due to soaring electricity prices in the region, suppliers in North Macedonia have been terminating electricity supply contracts since the beginning of August, Macedonian local media reported on

Greenvolt to expand into Italy, Bulgaria and Romania

Date: 27.09.2021 Author: Peter Palčec
Greenvolt to expand into Italy, Bulgaria and RomaniaPhoto: Roman Peklaj

Portuguese renewable energy producer Greenvolt announced in a press release last week that it will be expanding its operations into the Bulgarian, Romanian and Italian markets through its Polish

Slovenian HSE considering floating solar projects – CEO

Date: 27.09.2021 Author: Tanja Srnovršnik
Slovenian HSE considering floating solar projects – CEOPhoto: Ocean Sun

The Slovenian power utility HSE is looking at adding floating solar power plants to its energy portfolio as it seeks to increase its renewables capacity, said its CEO Viktor Vracar last week.

Bulgarian offshore wind potential estimated at 116 GW – study

Date: 27.09.2021 Author: Peter Palčec
Bulgarian offshore wind potential estimated at 116 GW – studyPhoto: WindEurope

The Bulgarian section of the Black Sea has technical offshore wind energy potential of roughly 116 GW, says a study published by the Bulgarian Centre for the Study of Democracy (CSD).

“Obsolete” EU power market needs overhaul – French minister

Date: 27.09.2021 Author: Sophie Tetrel, Montel
“Obsolete” EU power market needs overhaul – French ministerPhoto: Roman Peklaj

France will propose an overhaul of the “obsolete” European wholesale power market at a future EU finance ministers’ meeting in an effort to halt spiralling prices, said the country’s finance

Slovenian power output in August falls 2% year on year - Surs

Date: 27.09.2021 Author: Tanja Srnovršnik
Slovenian power output in August falls 2% year on year - SursPhoto: Lidija Petrišič Colarič

Slovenia’s total net power production in August 2021 was 1,329 GWh, a 14% increase compared to July 2021 and a 2% decrease year on year, said the Slovenian Statistical Office (Surs) on Monday.

Power market volatility spurs longer term hedging – EEX

Date: 27.09.2021 Author: Rachael Burnett, Montel
Power market volatility spurs longer term hedging – EEXPhoto: Roman Peklaj

Volatility in the power markets has led to longer term hedging in recent years, with some participants seeking futures contracts that deliver a decade into the future, power exchange EEX said on



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