Montenegro: Offshore wind potential estimated at 2.3 GW Read More »

Montenegro: Offshore wind potential estimated at 2.3 GW

A Study on the Resource Viability of Offshore Wind Energy in Montenegro, authored by Miloš Bogdanovic and Špiro Ivoševic at the Faculty of Maritime Studies, University of Montenegro, suggests the country has potential for more than 2.2 GW of offshore wind.  The authors of the study investigated areas in the Adriatic suitable for the construction of offshore windfarms. Seven […]

North Macedonia: The Energy Community approves Nomgas as TSO Read More »

North Macedonia: The Energy Community approves Nomgas as TSO

The Energy Community Secretariat published its opinion on the certification of Nomgas, the gas transmission system operator of North Macedonia. The opinion largely supports the certification of Nomgas in line with the Energy and Water Services Regulatory Commission of the Republic of North Macedonia’s (ERC) preliminary decision.  In its opinion, the Secretariat recommended that, in the

Romania: EC Oltenia to renegotiate the restructuring plan with the European Commission Read More »

Romania: EC Oltenia to renegotiate the restructuring plan with the European Commission

The Oltenia Energy Complex wants a renegotiation of its restructuring plan with the European Commission, the president of the Competition Council, Bogdan Chirițoiu, said. Regarding the Jiu Valley, he said that the European Commission wants the Romanian authorities to respect the decisions they have taken. Too little coal is extracted from Jiu Valley, so little that

Europe: Average weekly electricity prices ranged from 25 to 96 euros/MWh Read More »

Europe: Average weekly electricity prices ranged from 25 to 96 euros/MWh

According to AleaSoft Energy Forecasting, in the fourth week of May, prices in most major European electricity markets increased between Monday, May 20, and Friday, May 24. Although prices fell over the weekend, the weekly averages of all analyzed markets rose compared to the previous week. The Nord Pool market of the Nordic countries reached the highest percentage

Europe: CO2 emission allowance futures reached 74.2 euros/MWh in week 21 Read More »

Europe: CO2 emission allowance futures reached 74.2 euros/MWh in week 21

According to AleaSoft Energy Forecasting, CO2 emission allowance futures in the EEX market for the reference contract of December 2024, reached their weekly minimum settlement price, €74.22/t, on Monday, May 20. However, this price was already 5.0% higher than the last session of the previous week and 6.3% higher than the previous Monday. On Tuesday, May 21, these futures

SEE region: Electricity prices ranged between 64 and 96 euros/MWh in week 20 Read More »

SEE region: Electricity prices ranged between 64 and 96 euros/MWh in week 20

In week 20, SEE electricity prices increased compared to week 19 by 15% on average, due to a drop in wind production and higher gas prices. In the SEE region, electricity prices soared in all markets, except Hungary. Greece and Bulgaria registered the highest percentage increases by 26% and 24% respectively compared to the previous

EU strategic plans rely on Serbian lithium Read More »

EU strategic plans rely on Serbian lithium

The prospect of lithium extraction in Serbia has reignited fears of environmental devastation among its citizens, following the European Commission’s (EC) announcement of negotiations regarding a memorandum on critical raw materials. Despite vocal opposition to lithium mining, particularly concerning potential ecological disasters, Maroš Šefčovič, the European Commissioner for the “Green Plan,” revealed progress in finalizing the memorandum, focusing

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