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Romania: Transelectrica reports €52.8 million net profit for H1 2024, sees revenue growth and increased operating costs

Romanian electricity transmission system operator Transelectrica recorded a net profit of €52.8 million in the first half of 2024, marking a substantial 63% increase...

Greece: All four Ariadne Interconnector bidders qualified for the second round

All four bidders for the purchase of a 20% stake in Ariadne Interconnector have qualified for the second binding round following the Greek Regulatory...

Hungary: 155 million euros for energy storage subsidies

Hungarian Government plans to launch in June a 155 million euros subsidy scheme for investments in energy storage, according to the Ministry of Energy....

Greece, Ministry of Energy is planning to set up deadlines for renewable energy projects

Greek Ministry of Energy is planning to set up deadlines for renewable energy projects which have obtained connection permits from the transmission system operator...

Hungary: Gas-fired power plant Dunamenti, operated by MET Group, has launched an electrode boiler power-to-heat project

As the share of weather-dependent renewable energy generation increases in Hungary’s energy mix, temporary overproduction adds additional constraints to the electricity network, requiring network...

Hungary, MEKH approved MAVIR’s electricity transmission network upgrade plan

The Hungarian Energy and Public Utilities Regulatory Office (MEKH) has approved the 1.04 billion euros worth plan for the upgrade of the national electricity...

Latest news

Republika Srpska to raise electricity prices from 2027 amid Ugljevik coal issues

Businesses in Republika Srpska are expected to see higher electricity prices starting in January 2027, with households facing increases from March. The authorities are...

SEE power prices jump as weekday demand returns, Serbia tops €300/MWh

Southeast European day-ahead electricity prices surged on Monday, October 19, as the return of weekday demand, weaker renewable generation forecasts and continued reliance on...

Greece unveils €200 million battery storage scheme as project pipeline grows

Greece is preparing a €200 million battery-storage support programme as the country seeks to accelerate the deployment of standalone batteries and renewable-linked storage. The...

Djerdap 3 pumped-storage: Bechtel-Enka qualifies as Serbia prepares planning

Serbia has advanced work on the proposed Djerdap 3 pumped-storage hydropower project, with a Bechtel-Enka consortium qualifying for the next stage of government negotiations....

Romania extends 25% diesel excise reduction until Oct. 31

Romania will keep a 25% reduction in diesel excise duty until Oct. 31, extending temporary relief for transport operators and other businesses. The decision...