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Bulgaria: Electricity generation reached 2.5 TWh in May

Electricity production in Bulgaria grew by an annual 1.8% in May to 2,563 GWh, but was 19.8% lower than in April, according to the data...

Slovenia: Petrol to propose 1.8 euro/share dividend

Slovenian energy group Petrol will propose the payment of a dividend of 1.80 euro per share on 2023 earnings, up from 0.70 euro paid...

Slovenia: Petrol turns to net profit of 136.6 million euros in 2023

Slovenian energy group Petrol posted a net profit of €137 million in 2023 after reporting a net loss in the previous year. Revenue declined...

Slovenia: Petrol expects 157-million-euro profit in 2024

Petrol's supervisory board approved the business plan for 2024, targeting a net profit of 156.5 million euros in 2024 and revenue of 5.8 billion...

Bulgaria: Burgas refinery could be closed

Lukoil Neftochim Burgas issued a announcement related to an agreement on revoking the derogation granted by the EU Council for the import and processing...

Romania, Plans to temporarily reduce the excise duty on fuels by 50 % were postponed

The plans to temporarily reduce the excise duty on fuels by 50 %, a measure that would have reduced the price by roughly 15...

Latest news

SEE power markets 8/9 split as solar deepens midday lows while Italy keeps premium

Day-ahead electricity prices across Southeast Europe diverged sharply for delivery on Tuesday, September 8, as stronger solar supply compressed daytime values while Italy and...

Slovenia appoints GEN leadership ahead of Krško 2 nuclear project decisions

New executives at GEN energija and GEN-I Slovenia has appointed new leadership at state-owned GEN energija and electricity supplier and trader GEN-I, changing management at...

European gas rally lifts Bulgaria’s regulated September discount to €41.60/MWh

European benchmark gas prices moved above €74/MWh on Tuesday, widening the spread versus Bulgaria’s regulated September price of €41.60/MWh. The move highlights differences in...

EPCG completes major works on €26m Gvozd 2 wind expansion in Montenegro

Montenegro’s state power utility EPCG has completed most work on the second of three turbine foundations at its 21 MW Gvozd 2 wind project,...

Greece approves €2.3bn programme for island grids, renewables and storage

Greece has secured approval for a €2.3 billion programme aimed at decarbonising its islands, with Athens directing more than €2 billion towards electricity interconnections,...