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 […]
Hidroelectrica, Nuclearelectrica to be forced to sell more electricity on regulated market
Public power utilities Hidroelectrica and Nuclearelectrica will have the obligation to deliver up to 65% of their electricity generation to regulated markets, at capped prices, Romanian media reported. This obligation is envisaged under a draft order published by the Romanian Energy Regulatory Authority (ANRE). The order was drafted in line with the Emergency Government Ordinance […]
Massive hike in electricity prices prompts state measures in Bulgaria
Three subsidiaries of state-owned power utility Bulgarian Energy Holding EAD (BEH) will provide an additional amount of electricity on the day-ahead market (DAM) of the Independent Bulgarian Energy Exchange (IBEX) in order to stabilize the market. According to local media, the DAM prices increased 50% in December 2018 compared to December 2017, skyrocketing 200% year-on-year in […]
Regulatory framework, electricity price highlighted as impediments to greening region’s energy mix
The Western Balkans, and Serbia in particular, should continue implementing regulations to help green the energy mix and fight climate change, according to panelists at the 11th Balkan Energy Finance Forum. They also raised the issues of how the low regulated electricity price is affecting investments in the energy sector overall and how third countries […]
Electricity prices in Energy Community rise 11% for households, decline 19% for industry in last four years – ACER
In the period between 2013 and 2017, the average electricity price for households in the Energy Community (EnC) Contracting Parties (CPs), without Ukraine, increased by 11%, from 6.8 euro cents/kWh to 7.5 euro cents/kWh, while average industrial prices decreased by 19%, from 6.5 euro cents/kWh to 5.2 euro cents/kWh. The share of the energy component […]
IMF’s 15 percent electricity price hike requirement in agreement with the state
The head of the International Monetary Fund’s mission to Serbia Zuzana Murgašová said 15 percent electricity price hike was part of the agreement with the government, as stated in a memorandum which the country submitted before the deal was closed, Balkans.com quoted reports by Serbian media. Asked by Tanjug how she sees the fact that […]