During the fourth week of August, Brent oil futures for the Front Month on the ICE market reached a weekly high settlement price of $68.80/bbl on Monday, August 25. Prices then fell 2.3% on Tuesday, August 26, hitting a weekly low of $67.22/bbl. From August 27 onward, Brent prices rose again, staying above $68/bbl for […]
During the fourth week of August, electricity prices in major European markets showed mixed trends compared to the previous week. The Nord Pool market in the Nordic countries recorded the largest weekly average increase at 58%. Italy’s IPEX market and the EPEX SPOT markets of the Netherlands and Germany also saw price rises of 3.6%,
European electricity demand trends: August growth in most markets, UK declines Read More »
During the last week of August, electricity demand rose in most major European markets compared to the previous week. Italy saw the largest increase at 6.3%, followed by France at 3.2% and Germany at 2.1%. Spain recorded the smallest growth at 0.7%, while Portugal and Belgium experienced increases of 0.9% and 1.5%, respectively. Italy marked
European solar and wind energy trends: August declines in solar, mixed wind performance Read More »
During the week of August 25, solar photovoltaic (PV) energy production declined across major European electricity markets compared to the previous week. The French and German markets saw the largest decreases, dropping 16% and 10% respectively, marking their second consecutive week of declining solar output. In contrast, the Italian and Spanish markets experienced smaller reductions
Serbia: EPS begins testing Kostolac wind farm Read More »
State-owned power utility EPS has started testing the switchgear at the Kostolac wind farm, the company’s first wind energy project with an installed capacity of 66 MW. The tests are being carried out by teams from the transmission system operator EMS and mark a crucial step before the facility can be connected to Serbia’s national
Serbia: Banatski Dvor gas storage facility nears completion of initial expansion phase Read More »
Construction work on the first four boreholes at Serbia’s only underground gas storage facility in Banatski Dvor is nearing completion. Three boreholes have already been finished, while the fourth is expected to be completed in October, allowing the first gas injection to begin. In addition to the boreholes, above-ground systems for gas preparation, including well
Montenegro’s state-owned power utility EPCG posted a loss of 24.5 million euros in the first six months of 2025, a sharp increase compared to the 3.4 million euros loss recorded in the same period last year. The company’s financial report shows total revenues of 208 million euros, while expenses rose to 234.7 million euros, driven
Pljevlja is witnessing significant progress as the district heating project nears completion, promising residents a more stable and environmentally friendly heating system. In parallel, the environmentally focused reconstruction of the coal-fired Thermal Power Plant (TPP) Pljevlja and the relocation of the Cehotina river are advancing on schedule. These projects aim to strengthen Montenegro’s energy security
North Macedonia mandates solar systems for public buildings to boost energy efficiency Read More »
Public buildings in North Macedonia will soon be required to install solar systems, following recent amendments to the Energy Efficiency Law. The changes aim to harmonize national policy with EU standards, delivering both economic and regulatory benefits for citizens. Authorities expect the measures to lower energy bills, improve air quality, protect the environment, and create
Bulgaria reports higher electricity output and lower gas consumption in June 2025 Read More »
According to the Bulgarian National Statistical Institute, electricity production in June 2025 increased by 17 percent compared to April, reaching 3,024 GWh, while electricity consumption fell by 0.2 percent month-on-month to 2,403 GWh. Natural gas consumption in June 2025 decreased by 17.8 percent to 148 million cubic meters, while production remained unchanged at 1 million
