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Renewable Energy Transition in Southeast Europe Faces Balancing Market Challenges

Southeast Europe is experiencing a significant shift towards a renewable-heavy electricity system, characterized by the expansion of wind and solar projects across countries such...

Romania considers temporarily capping prices of balancing energy

To address the rise in electricity prices on the balancing market, Romanian Government drafted a set of measures to be considered for implementation, including...

Romania considers temporarily capping prices of balancing energy

To address the rise in electricity prices on the balancing market, Romanian Government drafted a set of measures to be considered for implementation, including...

Bulgaria: NPP Kozloduy’s net profit reached 157 million euros in H1

Bulgarian nuclear power plant Kolzoduy recorded net profit of 307 million levs (157 million euro) in the first half of 2023, compared to 1.7...

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SEE electricity prices decline as renewable output increases and Italy’s premium widens

Electricity prices across southeastern Europe declined for September 30 delivery as forecasts pointed to stronger wind and solar generation and lower demand, reducing the...

Gazprom gas extension talks in Serbia as NIS sanctions deadline nears

Serbia expects to extend its gas supply arrangement with Gazprom beyond September 30 while Russian deliveries continue. President Aleksandar Vučić said after a call...

Serbia targets early-2027 start for Romanian gas interconnector construction

Serbia expects construction of its gas interconnector with Romania to begin in early 2027, creating an import route intended to diversify supply and strengthen...

Lukoil appoints Eugene Maniakhine to oversee Petrotel refinery restructuring

Lukoil has appointed Eugene Maniakhine to oversee the restructuring of its Petrotel refinery in Romania. The facility entered insolvency proceedings in August 2026 after...

North Macedonia aims for 38% renewables share by 2030

North Macedonia is targeting 38% renewable energy as a share of gross final energy consumption by 2030. The programme includes rapid solar expansion and...