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New Study Reveals: Increasing Renewable Energy Capacity Reduces Electricity Market Prices

A study on electricity demand in Germany through 2030 has shown that the expansion of renewable energy sources could significantly influence electricity prices. An analysis by the research institute Agora Energiewende highlights that...

North Macedonia One Step Closer to the EU’s Integrated Electricity Market

At a recent session of the Government of the Republic of North Macedonia, the National Electricity Market Operator (MEMO) was officially appointed as the Nominated Electricity Market Operator (NEMO) for the next...

North Macedonia Advocates for Accelerated Electricity Market Integration at EU Forum

The Ministry of Energy, Mining and Mineral Resources of North Macedonia and the National Electricity Market Operator (MEMO) participated in the second edition of the Electricity Market Integration Forum, held at the...

Secretariat Announces Support Measures for Regional Electricity Market Creation in the Western Balkans

The Work Programme for the provision of technical assistance to Western Balkan 6 Contracting Parties for supporting the creation of a regional electricity market was published today. It is aimed at removing...

Renewable Energy Made Up Record 21.7% of National Electricity Market in October

Australia’s renewable energy sector hit a record in October, with 21.7% of electricity in the national electricity market coming from renewables, according to the latest Cedex report. That represents the biggest proportion of...

Volvo Trucks – The Market Leader in Electric Trucks in Europe and North America

Volvo Trucks is the leader in the heavy-duty electric truck segment (16 tons and above) in Europe for the fifth consecutive year. At the end of 2024, the company held a market...

Montenegro’s 2024 Energy Balance – Hydrological Challenges and Increased Electricity Consumption

Montenegro’s annual energy balance for 2024 revealed that the country produced less electricity than planned, while consumption increased. A total of 3,446.6 GWh of electricity was generated, which is 4.4 percent less than...

Plug-in Solar Systems Conquering the European Market

Solar panels in households are becoming a key element of the energy transition. In this context, plug-in solar power plants could significantly accelerate the expansion of solar technologies due to their affordability...

Wind and Solar Surpass Coal in U.S. Electricity Generation

For the first time last year, the United States reached a milestone where solar and wind energy together generated more electricity than coal, according to the organization EMBER. Wind and solar accounted...

Pokrovac: Battery Storage Can Reduce Electricity Prices by 25 Percent by 2030

Croatia is a country firmly committed to the energy transition, and investments in the flexibility of the power system and the development of battery storage systems are key to its success. These...

European solar sector issues yellow card as market data reveals 92 percent growth decline and investment slump

After four years of soaring growth, the EU solar sector has hit its first deployment slowdown of the 2020s, dropping from 53 percent growth in 2023 to 4 percent in 2024. This...

ADEX Group Acquires HUPX – A New Era in Regional Electricity Trading

The first regional energy exchange for Central and Southeast Europe, ADEX Group, has announced the successful acquisition of the Hungarian Power Exchange (HUPX), laying a solid foundation for enhancing liquidity, integration, and...

Serbia: Second Round of Auctions for Renewable Energy Market Premiums Begins

The second round of auctions for the allocation of market premiums for renewable energy sources in Serbia, where investors will compete for a total quota of 424.8 MW, has been officially announced. The...

Energy Transition and Market Challenges

During the first day of the Western Balkans Energy Week 2024, held on October 9 and 10 in Montenegro, a panel titled "Navigating Market Challenges: From Securing Land to Balancing Conditions" was...

Challenges of Competitive Energy Production in the Global Market

Forming a unified European energy market is crucial for the Energy Community (EC), which includes European Union members and nine other signatory countries. Although significant progress has been made over the past...

Energy Security Through the Development of the Prosumer Market

Much has been said recently about prosumers (consumer-producers) of electricity from renewable sources in Serbia, but little is still known. Promoting energy security and independence involves empowering citizens and businesses to produce...

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