TRADING

BiH's Modrica refinery seeks bids for 6.3 MW solar power plant

Date: 21.03.2023 Author: Maja Žuvela

Photo: Montel

The Modrica oil derivatives refinery in northern Bosnia and Herzegovina (BiH) has invited bids for a feasibility study and project design for a solar power plant with up to 6.3 MW ...

Gas front months edge up after hitting 20-month lows

Date: 21.03.2023 Author: Tasmin Chowdhary, Montel

Photo: TAP AG

European gas front months gained slightly on Tuesday after earlier falling to 20-month lows, hitting a technical resistance despite fresh mild weather forecasts and the prospect of...

Cez hedges 75% of 2023 power output at EUR 117/MWh

Date: 21.03.2023 Author: Marcin Czekanski

Photo: Energetika.NET archive

Czech utility Cez had hedged 39 TWh, or 75%, of this year’s power production at an average of EUR 117/MWh by the end of December, it said on Tuesday....

Russian gas flows flat as TTF prices hit 20-month low

Date: 21.03.2023 Author: Laurence Walker, Montel

Photo: Andreja Krašna

Russia will export just under 58mcm of gas to Europe on Tuesday, marginally higher than Monday’s levels, pipeline operator data showed, as benchmark TTF gas prices dropped to 20-mo...

Oil edges down but off prior 15-mth low as turmoil eases

Date: 21.03.2023 Author: Juliette Portala, Montel

Photo: Victor Habbick via FreeDigitalPhotos

Oil prices were edging down on Tuesday but off a 15-month low hit in the prior session as turmoil surrounding recent banking failures started to ease....

Croatia allows more firms to lower renewables fee

Date: 20.03.2023 Author: Montel

Photo: arhiv Energetike.NET

The Croatian government has decided to increase the number of businesses that are entitled to pay a reduced fee for boosting power production from renewable energy sources, with th...

FOCUS

BiH as first mover may get 17 GW of renewables by 2050 – McKinsey

Date: 17.03.2023 Author: Maja Žuvela

Photo: Roman Peklaj

Bosnia and Herzegovina (BiH) has the opportunity to become a first mover in the Balkan energy transition and develop 17 GW of renewable energy capacity by 2050, according to the co...

EN.VISION

Huge interest in PPA contracts in Croatia – conference

Date: 20.03.2023 Author: Dalibor Dobrić

Photo: Gorenje Solar archive

Croatian companies are increasingly interested in PPA contracts due to energy price volatility, more than 300 participants at the first Zagreb conference on the development of PPA ...

Articles of the day

RWE's full-year earnings jump 73% to EUR 6.3bn

Date: 21.03.2023 Author: Nathan Witkop, Montel

Photo: Fatos Bytyci

RWE earnings rose 73% last year to EUR 6.3bn amid more renewables generation, better margins and an especially good trading result during a year of turbulent energy prices, the Ger...

Legislative gaps may delay Bulgaria’s first floating solar plant

Date: 20.03.2023 Author: Yana Palagacheva

Photo: EBRD

Germany’s Profine Energy intends to install 500 MW-1 GW of floating solar capacity at the Ogosta dam in north-western Bulgaria, but legislative changes are needed before constructi...

EC distributes 62% of free carbon allowances for 2023

Date: 20.03.2023 Author: Nathan Witkop, Montel

Photo: Montel

The European Commission has distributed 62% of free allowances to industries entitled to them on the carbon market for this year, according to a status update released late on Frid...