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Romania: Hidroelectrica reports 35% drop in net profit for 2024 amid challenging hydrological conditions

Romanian electricity producer Hidroelectrica announced a net profit of 824 million euros for 2024, marking a 35% decline compared to the previous year. The...

Romania: Electrica Group reports 38% drop in profit amid supply segment losses and market challenges

Electrica Group reported a net profit of €61.6 million for the first nine months of 2024, a 38% decrease compared to the €100 million...

Romania: Hidroelectrica reports 32% drop in net profit for first nine months of 2024

Romanian electricity producer Hidroelectrica recorded a 32% year-on-year decrease in its net profit, which amounted to €710 million for the first nine months of...

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Europe: Brent prices recover on Middle East developments as gas and CO2 markets stay steady

Front-month Brent crude oil futures on the ICE market recorded a weekly low settlement price of $99.25/bbl on Tuesday, September 22, following five consecutive...

Europe: Power prices climb across major markets amid lower wind generation

Weekly average electricity prices increased across most major European electricity markets during the fourth week of September, with Italy the only market to record...

Europe: Electricity demand declines across major markets amid cooler temperatures

Electricity demand declined across most major European power markets during the week of September 21 compared with the previous week. Italy recorded the largest...

Europe: Solar output rises as wind generation falls across major power markets

Solar photovoltaic generation increased across most of Europe’s major electricity markets during the week of September 21 compared with the previous week. Germany recorded...

Serbia’s day-ahead power prices surge as Southeast European markets diverge

Day-ahead electricity prices in Serbia rose by €47.20/MWh to €150.18/MWh for October 1, as Hungary, Romania and northern Balkan markets recorded significant increases, while...