In the first week of October, Brent oil futures for the Front-Month in the ICE market showed a consistent downward trend. On Monday, September 29, they reached their weekly maximum settlement price of $67.97 per barrel, which was already 3.1% lower than the previous Friday’s price. The decline continued until Thursday, October 2, when futures […]
In the first week of October, electricity demand rose in the Iberian Peninsula compared to the previous week. Portugal recorded the largest increase, up by 1.0%, despite the national holiday on Sunday, October 5, celebrating the Day of the Establishment of the Republic. In Spain, demand grew by 0.8%. In contrast, electricity demand declined in
Greece: HEnEx to introduce bundled weekend product natural gas market Read More »
The Hellenic Energy Exchange (HEnEx) is preparing to expand Greece’s natural gas trading framework by introducing a new weekend trading product that combines Saturday and Sunday transactions into a single package. Until now, weekend trades have been conducted separately for each day. The new arrangement will align the Greek market more closely with regional practices,
On the morning of October 6, unit 6 of the coal-fired Sostanj thermal power plant was reconnected to the grid. The restart was prompted by falling temperatures and the increased need for heating in the Saleska Valley. The unit had been offline since April for scheduled maintenance. In June, it operated for only two days
According to CEO Bogdan Badea, Hidroelectrica intends to introduce storage facilities at each of its run-of-river hydropower plants, allowing surplus electricity to be transferred to evening consumption periods. Badea noted that the energy market experiences 7–8 daily intervals with extremely low or even negative prices, while other periods see excessively high prices. The main challenge
Montenegro launches third tender for long-delayed overhaul of Bar oil storage facility Read More »
The Montenegrin Ministry of Oil and Gas has launched a third tender to select a contractor for the long-delayed overhaul of the state-owned oil storage tanks in the Adriatic port of Bar. The project is valued at 1.8 million euros, the same as in the two previous tenders, with the deadline for bid submissions set
North Macedonia: Electricity trading on exchange up 35% year-on-year in September 2025 Read More »
In September 2025, a total of 102,854.3 MWh of electricity was traded on North Macedonia’s day-ahead electricity exchange, marking a 35.2% increase compared to 76,068 MWh recorded in the same month last year. However, trading volume was 18.6% lower than in August. According to the electricity market operator MEMO, the average market-clearing price in September
A total of 1,090,592.7 MWh of electricity was traded on the Croatian energy exchange CROPEX in September 2025, marking an 8.2% decrease compared to August. Of this amount, 844,711.1 MWh were traded on the day-ahead market and 245,881.6 MWh on the intraday market. Compared to the same month last year, the total traded volume was
The Turkish energy company GridFlex plans to invest 17 million euros in a new electricity storage facility near Leskovac, local authorities announced following a meeting between Mayor Goran Cvetanović and company representatives. GridFlex specializes in container-based battery storage systems aimed at improving network flexibility, supporting the integration of new energy sources, and contributing to the
Montenegro to launch €11 million tender for strategic diesel reserves by end of 2025 Read More »
The Montenegrin Hydrocarbons Administration plans to launch an international tender worth 11 million euros by the end of 2025 to purchase diesel fuel for the country’s mandatory oil reserves. The tender is part of Montenegro’s 2025 national plan to establish and maintain emergency fuel stockpiles in accordance with new EU-aligned legislation, which requires the country
