Europe: Brent oil, TTF...

During the fourth week of June, Brent crude oil futures prices experienced a...

Europe: Electricity prices fall...

In the fourth week of June, average electricity prices declined across most major...

Europe: Electricity demand rises...

During the week of June 23, electricity demand rose across most major European...

Solar and wind energy...

During the week of June 23, solar photovoltaic (PV) energy production rose in...
Supported byClarion Energy
HomeSEE Energy NewsBosnia and Herzegovina,...

Bosnia and Herzegovina, The value of electricity exports was 318 million euros in the first five months

The value of electricity exports from Bosnia and Herzegovina in the period January – May 2022 amounted to 624.2 million KM (318.3 million euros), according to data from the BiH Agency for Statistics.

That is 85.5% more than in the same period last year.

In May alone, the export of electricity reached 129.3 million KM (66 million euros) and if this trend continues, the total value of exports in 2022 could exceed half a billion euros.

The value of exports was raised by stock prices of electricity, which have been on the rise since September last year due to the global energy crisis, and were additionally strengthened by the Ukrainian-Russian war.

BiH, along with Bulgaria, is the only country in Southeast Europe that has a surplus in the electricity balance.

Last year, the balance surplus amounted to about 4,900 GWh out of a total of about 17,000 GWh of electricity produced.

According to the data of the State Regulatory Commission for Electricity, 16 legal entities have licenses for international electricity trade in BiH.

In addition to exporting, Bosnia and Herzegovina also imports electricity on a smaller scale, and in five months of this year, imports amounted to 73.1 million KM (37.3 million euros).

The value of electricity exports in 2021 reached 423 million euros, and in 2020, 253.5 million euros.

Source: capital.ba

Supported byOwner's Engineer banner

Recent News

Supported byspot_img
Supported byspot_img

Latest News

Supported byspot_img
Supported bySEE Energy News

Related News

Europe: Brent oil, TTF gas and CO2 prices decline in late June amid easing Middle East tensions

During the fourth week of June, Brent crude oil futures prices experienced a decline. On Monday, June 23, the price settled at $71.48 per barrel, already 7.2% lower than the last session of the previous week. Prices continued to...

Europe: Electricity prices fall in late June amid lower gas costs and high renewables

In the fourth week of June, average electricity prices declined across most major European markets compared to the previous week. The United Kingdom’s N2EX market experienced the largest drop, falling by 28%. Other markets saw decreases ranging from 1.3%...

Europe: Electricity demand rises in most markets amid seasonal shifts and holidays

During the week of June 23, electricity demand rose across most major European markets compared to the previous week. Germany and Italy saw the largest increases, with demand growing by 8.2% and 8.1% respectively. France experienced the smallest increase...
Supported byVirtu Energy
error: Content is protected !!