European electricity demand and price trends: Weekly overview and forecasts Read More »

European electricity demand and price trends: Weekly overview and forecasts

During the first week of December 2024, electricity demand saw an uptick across most major European markets compared to the previous week. The French market recorded the largest increase at 5.5%, while the British market had the smallest growth at 0.4%. Other markets, including the Netherlands, Germany, Belgium, Portugal, and Italy, saw demand rise between […]

Region: Weekly update on SEE electricity market prices and trends Read More »

Region: Weekly update on SEE electricity market prices and trends

In Week 39 of 2024, electricity prices across the Southeast European (SEE) market continued their downward trend compared to Week 38. Contributing factors to this decline included reduced average prices for gas and CO2 emission allowances, alongside a decrease in demand. Most countries in the SEE region saw electricity prices drop, with the exception of

Greece: Exploratory drilling in Eastern Mediterranean to start by 2026 Read More »

Greece: Exploratory drilling in Eastern Mediterranean to start by 2026

The first exploratory drilling in the Eastern Mediterranean is projected to commence between late 2025 and early 2026, according to Greek Environment and Energy Minister Theodoros Skylakakis. He made this announcement during the “East Mediterranean Gas Forum” meeting held in Athens. Skylakakis emphasized the increasing significance of the Eastern Mediterranean region for European energy security

Greece: Renewable energy production exceeded 8 TWh in the first four months Read More »

Greece: Renewable energy production exceeded 8 TWh in the first four months

In the first four months of 2024, renewable energy sources surpassed fossil fuels in Greece’s electricity mix for the first time, reducing the sector’s emissions to a new low. Renewable energy sources plus large hydro accounted for 8.09 TWh of total production from January through April, while natural gas, lignite and oil contributed 498 GWh

Europe: Confirmation of the go-live date for Intraday Auctions on June 13 Read More »

Europe: Confirmation of the go-live date for Intraday Auctions on June 13

Following extensive testing and go-live preparation for the upcoming Intraday Auctions (IDAs), Nominated Electricity Market Operators (NEMOs) and Transmission System Operators (TSOs) confirmed the IDA go-live date of June 13, 2024, for delivery on June 14, 2024. The first SIDC auction will take place on 13 June 2024 at 3 PM CET. Pricing the intraday

Romania: TMK Hydroenergy commissioned a 1 MW floating solar power plant Read More »

Romania: TMK Hydroenergy commissioned a 1 MW floating solar power plant

TMK Hydroenergy Power, in partnership with Innovation Norway, developed the first floating photovoltaic energy system in Romania, on the lake of the Grebla hydropower plant, a landmark in renewable energy and produces over 1 million kWh of green energy annually. The initiative represents a pioneering action and marks a significant step towards sustainability, through the simultaneous

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