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energy crisis

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Danube low water levels disrupt nuclear cooling, fuel logistics and power flows

Record-low Danube water levels have become a regional energy constraint affecting nuclear cooling, petroleum imports, electricity production and cross-border power balances from Hungary to...

Serbia faces energy crisis as foreign banks cut ties with NIS amid sanctions

Foreign commercial banks operating in Serbia are set to close NIS accounts on February 24, halting all financial transactions for the company. This move...

Western Balkan countries still need to transform their state-owned power utilities

The Western Balkan countries are facing a process of transforming their public power utilities, with a challenging and complex transition period to renewable energy...

Slovenia: ESG rating assigned to Petrol

Petrol announced that rating agency Standard and Poor's (S&P) has assigned an environmental, social, and corporate governance (ESG) rating of 56 to the company....

North Macedonia: EBRD to provide 100 million euros loan for ESM

The European Bank for Reconstruction and Development will provide a 100 million euros loan to Macedonian public power utility ESM to support its liquidity...

Albania: Energy crisis measures extended until the end of 2023

The Albanian Government extended the state of energy supply emergency by an additional six months. The state of emergency in the energy sector was introduced in...

Latest news

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...

R.Power completes 55-MW Lazuri solar plant in Romania; grid link by end-2026

Polish renewable-energy developer R.Power has finished construction of the 55-MW Lazuri solar plant in Romania’s Satu Mare county. Grid connection is expected before the...