Next decade to be pivotal one for energy sector in SEE – IRENA report
The adoption of an energy mix consistent with the Paris Agreement would create a cumulative addition of USD 485 billion in gross domestic product between 2019 and 2050 in Southeastern Europe (SEE), according to a report produced by the International Renewable Energy Agency (IRENA). The document, announced at a regional workshop in Sarajevo in June, […]
Downward trend in industry prices in Energy Community ends in 2018 – ACER report
The upward trend in final household prices in the Energy Community Contracting Parties continued in 2018, while final industry prices increased on average in 2018 after several years of continuous decrease, the ACER Annual Report on the Results of Monitoring the Internal Electricity and Natural Gas Markets in 2018 finds. The Market Monitoring Report (MMR) […]
Taxes on polluting fuels too low to encourage shift to low-carbon alternatives – OECD report
About 70% of energy-related CO2 emissions from advanced and emerging economies are entirely untaxed, offering little incentive to move to cleaner energy, according to a new report by the Organisation for Economic Co-operation and Development (OECD). As world leaders gather for a UN climate change summit amid mounting public pressure for action, a preview of Taxing […]
EPS reports net loss of EUR 11 million in 2018
State-owned power utility Elektroprivreda Srbije (EPS) made a net loss of RSD 1.3 billion (around EUR 11 million) in 2018, according to the business report of the EPS Group for 2018. A year earlier, the company reported a net profit of around RSD 6.3 billion (around EUR 53 million). EPS posted a pre-tax profit of […]
BiH, Kosovo*, Serbia pay EUR 444 million in coal subsidies, EUR 147 million for renewables – report
The three most coal-intensive Energy Community (EnC) Contracting Parties – Bosnia and Herzegovina, Kosovo*, and Serbia – paid a total of EUR 444 million in direct subsidies to coal, while their incentives for production from renewables reached EUR 147 million during the period 2015-2017. The total sum of direct subsidies in all Contracting Parties, including […]
Macedonian day-ahead market launch scheduled for the end of November 2019
The launch of the former Yugoslav Republic of Macedonia’s day-ahead market (DAM) is scheduled for the end of November 2019, while the go-live of Bulgaria and Macedonia (BG-MK) market coupling will follow in January 2020, the Energy Community Secretariat said in its latest Western Balkans 6 (WB6) Electricity Monitoring Report. WB6 parties failed to finalize […]
Slovenia, Romania, Bulgaria have no plans for introducing tenders for renewables – CEER
Eleven European countries, including Slovenia, Romania, and Bulgaria, have no concrete plans for introducing tenders for renewable energy sources (RES) in the short term, while Croatia has indicated it will start with tendering procedures for biomass this year, according to the Council of the European Energy Regulators’ (CEER) Tendering procedures for RES in Europe: State […]
Report: Energy Community countries’ shift in day-ahead markets development
The Western Balkans 6 (WB6) countries shifted from activities to develop national day-ahead markets towards finding an efficient solution that will secure rapid introduction of day-ahead market processes and coupling with neighboring markets, the Energy Community (EnC) Secretariat said in its latest WB6 report on electricity. However, overall the report sees very limited progress since […]