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ELECTRICITY

Romania’s BRM exchange acquires Bulgarian gas bourse Betp

Date: 06.12.2024 Author: Maja Žuvela
Romania’s BRM exchange acquires Bulgarian gas bourse BetpPhoto: Andreja Krašna

The Romanian commodities exchange BRM has reached a deal to acquire its Bulgarian gas counterpart Betp, in a move which should deepen regional cooperation in natural gas trading, it said on Friday.

GAS – Prices fall as Russia finds supply workaround

Date: 06.12.2024 Author: Kelly Paul, Montel
GAS – Prices fall as Russia finds supply workaroundPhoto: TAP AG

European gas prices fell on Friday after Russia relaxed rules on the use of foreign currency to pay for its supplies and the potential for mild weather towards late December stoked bearish sentiment.

JAO to launch long-term Romania-Serbia auctions

Date: 06.12.2024 Author: Maja Žuvela
JAO to launch long-term Romania-Serbia auctionsPhoto: Montel

Long-term auctions for the Romania-Serbia border will start this month, JAO, the main service provider for European TSOs, said late on Wednesday, after launching a technical go-live on this border.

Hungary bets on cheap but risky Russian gas

Date: 06.12.2024 Author: Laurence Walker, Montel
Hungary bets on cheap but risky Russian gasPhoto: Roman Peklaj

Hungary will likely continue buying gas from Russia as low prices and Budapest’s strong political ties with Moscow fly in the face of other EU nations seeking alternative supplies, analysts said.

Russia relaxes restrictions on foreign currency payments for gas

Date: 06.12.2024 Author: Richard Sverrisson, Montel
Russia relaxes restrictions on foreign currency payments for gasPhoto: TAP AG

Russia has relaxed rules on the use of foreign currency to pay for its natural gas via Gazprombank, the country's presidency announced late on Thursday.

Bulgarian 500 MW offshore wind aim “unachievable” by 2030

Date: 05.12.2024 Author: Dalibor Dobrić
Bulgarian 500 MW offshore wind aim “unachievable” by 2030Photo: DOTI 2009

Bulgaria’s ambition to install 500 MW of offshore wind by 2030 is “completely unachievable” due to political chaos and a lack of infrastructure, a senior analyst from Veyt told Montel on

Romanian political uncertainty may threaten green growth

Date: 05.12.2024 Author: Montel
Romanian political uncertainty may threaten green growthPhoto: Energija Projekt

Political uncertainty in Romania amid parliamentary and presidential elections have created investment jitters within the energy sector, which could slow down the country’s green transition, market

Serbian 2040 green goal not financially feasible – consultant

Date: 05.12.2024 Author: Dalibor Dobrić
Serbian 2040 green goal not financially feasible – consultantPhoto: Montel

Serbia’s new energy strategy envisions 73% of its power mix to come from green sources by 2040 but a local energy consultant told Montel this was unlikely.

Lack of coal stops Bosnia and Herzegovina 300 MW power plant

Date: 04.12.2024 Author: Maja Žuvela
Lack of coal stops Bosnia and Herzegovina 300 MW power plantPhoto: www.riteugljevik.com

The 300 MW Ugljevik coal-fired power plant in Bosnia and Herzegovina (BiH) was taken offline on 30 November for an indefinite timeframe, the plant’s operator Rite Ugljevik said on Wednesday.

SEE POWER – Hungarian curve plunges amid rising supply

Date: 04.12.2024 Author: Montel
SEE POWER – Hungarian curve plunges amid rising supplyPhoto: Roman Peklaj

Electricity prices in southeast Europe slumped over the last week amid higher hydropower output, improving lignite-fired unit availability and lower demand on the back of milder weather and public

Renewables growth boosts Bulgarian intraday power trading

Date: 03.12.2024 Author: Montel
Renewables growth boosts Bulgarian intraday power tradingPhoto: Roman Peklaj

Bulgaria’s intraday power trading volumes have surged thanks to a growing capacity of intermittent renewable energy, traders told Montel.

Europe’s solar power boom slows amid negative prices – lobby

Date: 03.12.2024 Author: Enza Tedesco, Montel
Europe’s solar power boom slows amid negative prices – lobbyPhoto: Woodburn Capital

Europe’s recent boom in solar installations will slow as flagging profits due to negative prices and sluggish electrification efforts dent investment in new projects, the sector’s main lobby has

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