energy crisis
Germany plans power tax cut, more subsidies to prop up industry amid rising prices
13 November 2023 - The set of relief measures, which will mainly help power-intensive producers, is estimated to be worth EUR 12 billion in 2024 alone
Eurelectric: Investments urgently needed to triple electrification rates by 2050
07 November 2023 - The peak of the energy crisis may be over but the challenges to Europe’s decarbonization and security of supply aren't, according to the Power Barometer
North Macedonia threatens to sue EU, Bulgaria over transit tax for Russian gas
03 November 2023 - The country is prepared to sue the EU and Bulgaria if it doesn’t get the possibility to avoid the costs of Bulgaria’s tax on Russian gas
EU: Up to Bulgaria to decide how to use income from gas transit tax
31 October 2023 - Bulgaria can decide on its own what to do with income from the transit tax for Russian gas, the European Commission said
EU energy ministers achieve breakthrough in electricity market design reform
19 October 2023 - The Council of the EU adopted its so-called general approach to the electricity market design reform, breaking the Franco-German deadlock
Hungary, Serbia say Bulgaria’s tax on Russian gas transit is aimed against their countries
18 October 2023 - Introducing the measure at the start of the heating season, when gas consumption is higher, could revive the energy crisis in Southeastern Europe
BiH’s power utility posts EUR 26 million 2023 year-to-date loss
12 October 2023 - Disruptions in the electricity market, a drop in sales on the open market, and a lower-than-estimated income from trade pushed EPBiH into the red.
Várhelyi: EU ready to build LNG terminal in Montenegro
09 October 2023 - Enlargement Commissioner Olivér Várhelyi has said the EU is ready to build an LNG terminal in Bar in partnership with Montenegro
Romania’s Transgaz to take over stake in LNG terminal project in Greece
21 September 2023 - Mediterranean Gas, which is developing the Argo project for an LNG terminal offshore Volos, agreed to let Transgaz acquire 15% of ownership
Firms in Serbia pay as much for electricity as their counterparts in EU
11 September 2023 - The price of electricity in Serbia for businesses is currently EUR 110 per MWh. Before the start of the energy crisis, it was EUR 50 per MWh.
FBiH to hand out EUR 12 million in energy efficiency subsidies
25 August 2023 - The funding was provided from the EU's aid package worth EUR 70 million, intended to mitigate the consequences of the energy crisis
SEE region readies for winter: Hungary to import gas from Turkey, Serbia in talks with Azerbaijan
23 August 2023 - The situation is highly volatile, so the best policy is to ensure multiple supply routes ahead of the upcoming winter
Electricity prices for some firms in North Macedonia spiked more then fivefold in 2022
26 July 2023 - These are the results of the study The impact of the crisis induced by the conflict in Ukraine on firms in North Macedonia: Evidence from a micro-survey.
EU lawmakers adopt position on making electricity market more consumer-friendly
20 July 2023 - The European Parliament's energy committee called for improving electricity consumers' right to long-term, affordable and stable prices and to mitigate price shocks
North Macedonia secures EUR 100 million for green transformation of SMEs
17 July 2023 - The credit line is part of the government's measures to support households and businesses amid the economic slowdown and the energy crisis
EU shifting focus from crisis response to net zero agenda
14 July 2023 - The EU suggested it would ask UN member states to double energy efficiency improvements and triple renewable energy deployment by 2030