Energy price rally lifts inflation to worrying heights worldwide
The energy crisis fueled a rapid rise in prices of power and gas to unseen highs and accelerated inflation as most products become more expensive
Electricity prices in Western Balkans highest in Albania, Montenegro, lowest in Kosovo*
The electricity price for household consumers in Western Balkans was 2.8 times lower than the price for EU households in 2019.
N. Macedonia to raise power prices by 7.42% due to coronavirus effect on energy companies
Regulated electricity prices for households in North Macedonia will be increased by 7.42% after the Energy Regulatory Commission approved a request sent by energy companies. According to Marko Bislimoski, president of the commission, the higher price was demanded by state-owned companies Elektrani na Severna Makedonija (ESM), and MEPSO, as well as by Austria-based power supplier […]
Households in UK are earning money by consuming green electricity
The rise in the share of renewables in the system requires more flexibility to keep the grid in balance. This spring the energy system in the UK was occasionally challenged by the fall in consumption due to COVID-19 and increased production in solar and wind power plants. In order to help overcome the issue, supply […]
Renewable energy prices rebounded 10% after collapse in March
Renewable energy prices across Europe have recovered after a 15-30% fall in March and rebounded 10% in April. Prices took a substantial hit at the beginning of March, falling between 15-30% across key markets compared to average prices in February, but have largely recovered from March lows, said Pexapark, the provider of advisory services for clean […]
Electricity price for business in Republika Srpska to increase from 31.3 to 35 eurocents per MWh
Electricity price for the 28 largest industrial consumers in Republika Srpska will be increased on September 1, from 31.3 eurocents per MWh to 35 eurocents per MWh, while supply contracts will be changed by a total of about 200 companies, the Government of Republika Srpska has said on its website. As of September 1, a […]
Energy Community Contracting Parties pour EUR 2.4 billion annually into coal power plants, mines
The Energy Community Contracting Parties support electricity generated from coal with some EUR 2.4 billion in direct and certain types of indirect subsidies annually, the preliminary results of the Energy Community Secretariat’s study reveal. The study concludes that with the elimination of state aid via direct subsidies to coal and introduction of a carbon price, […]
5% electricity price increase approved for businesses, down from 15% sought by EPBiH, ERS
State-owned power utilities Elektroprivreda Bosne i Hercegovine (EPBiH) and Elektroprivreda Republike Srpske (ERS) did not receive the authorities’ nod to raise the electricity price for businesses as much as they had requested. Both companies asked for a 15% hike and were only allowed a 5% increase. The decision to lower the requested price increase followed […]