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ELECTRICITY

Romania to receive EUR 200m for distribution grid upgrades

Date: 19.07.2024 Author: Maja Žuvela
Romania to receive EUR 200m for distribution grid upgradesPhoto: Montel

The European Bank for Reconstruction and Development (EBRD) and three banks have extended a total of EUR 200m in loans for distribution grid upgrades in Romania that will help the country achieve

N. Macedonia gas-fired plant back online after storm damage

Date: 19.07.2024 Author: Montel
N. Macedonia gas-fired plant back online after storm damagePhoto: Dalibor Dobrić

A 220 MW gas-fired power plant in North Macedonia came back online on Friday, a day after it was forced to shut down due to a severe storm that hit the capital, Skopje.

Montenegro gets EUR 28m EBRD loan to upgrade key substation

Date: 19.07.2024 Author: Maja Žuvela
Montenegro gets EUR 28m EBRD loan to upgrade key substationPhoto: Montel

The European Bank for Reconstruction and Development (EBRD) will grant Montenegro’s TSO CGES a EUR 28m loan to help upgrade the Brezna power substation in the country’s northwest and integrate 400

“Nothing’s working” says trader as IT crash hits energy market

Date: 19.07.2024 Author: E. Wu, S. Tetrel, L. Walker, J. Demirdag, M. Haensch, B. Belmonte, M. Žuvela, G. Power, E. Tedesco
“Nothing’s working” says trader as IT crash hits energy marketPhoto: Roman Peklaj

A massive IT outage, affecting business across the globe, has dented European energy market liquidity on Friday, with traders locked out of their computers and unable to contact brokers, although the

Kosovo retaining stake in wind auction draws mixed reaction

Date: 19.07.2024 Author: Montel
Kosovo retaining stake in wind auction draws mixed reactionPhoto: Montel

Wind energy investors and experts in Kosovo see potential benefits in the government’s decision to retain a stake in the next wind auction, but fear that the move may endanger free competition.

Hungarian GO prices fall by 22% on the month, volume rises

Date: 19.07.2024 Author: Maja Žuvela
Hungarian GO prices fall by 22% on the month, volume risesPhoto: 

This week’s auction of Hungarian guarantees of origin (GOs) cleared at a weighted average price of EUR 0.75/MWh, down by 22% month on month, the Hupx exchange said late on Thursday.

EIB loans Serbia EUR 80m for smart meter upgrade

Date: 18.07.2024 Author: Dušan Telesković
EIB loans Serbia EUR 80m for smart meter upgradePhoto: arhiv DNV KEMA

The European Investment Bank (EIB) is lending EUR 80m to Serbian DSO Eds for the purpose of replacing 400,000 outdated household electromechanical meters with smart meters, it was announced on

Europe Q2 PPA prices fall amid higher competition – LevelTen

Date: 18.07.2024 Author: Alina Trabattoni, Montel
Europe Q2 PPA prices fall amid higher competition – LevelTenPhoto: DhakaTribune

Prices for European solar and wind power purchase agreements (PPAs) fell in the second quarter of 2024 as increased demand boosted competition among suppliers, a LevelTen Energy report said on

Von der Leyen pledges lower energy prices in 2nd EC term

Date: 18.07.2024 Author: Siobhan Hall, Montel
Von der Leyen pledges lower energy prices in 2nd EC termPhoto: Montel

European Commission president Ursula von der Leyen promised policies intended to lower energy prices as she was confirmed for a second five-year term by the European Parliament on Thursday.

SEE power prices to stay high despite expected heatwave lull

Date: 18.07.2024 Author: Maja Žuvela
SEE power prices to stay high despite expected heatwave lullPhoto: Roman Peklaj

Southeast European (SEE) power markets are not expected to experience any relief from recent price spikes caused by a record heatwave for at least another week, a regional trader told Montel on

Continued heatwave puts added pressure on Croatian grid

Date: 18.07.2024 Author: Dalibor Dobrić
Continued heatwave puts added pressure on Croatian gridPhoto: Dalibor Dobrić

Croatia recorded its highest ever hourly electricity consumption on two evenings in a row this week, amid a prolonged heatwave in the region, the country’s TSO Hops said in a press release on

W. Balkans needs EUR 29.2bn to decarbonise – WB report

Date: 18.07.2024 Author: Montel
W. Balkans needs EUR 29.2bn to decarbonise – WB reportPhoto: Montel

Western Balkan countries need to completely transform their power system and invest EUR 29.2bn to reach net zero emissions by 2050, the World Bank says in a report published on Wednesday.



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