Energy market

Last year saw Greece's energy market breaking new records for the penetration of renewable energy sources (RES) and reduced energy consumption.

Public Power Corporation (PPC) announced on Wednesday it had successfully completed the obligations undertaken toward the Greek government for the sale of Greek-power forward products to third parties during the last three years. 

The Public Power Corporation (PPC SA) announced on Wednesday that it has completed the obligations undertaken towards the Greek government for the sale of Greek-power forward products to third parties during the last three years. 

The European Commission said on Monday it had decided not to prolong emergency measures introduced last year to shield consumers from soaring energy prices, adding those measures had helped to contribute to a calming of European energy markets.

Ljubljana – The Slovenian power generation sector faces challenges in the coming months that it has not seen in decades as the chaos on global energy markets, which has driven prices to record highs, has conspired with domestic factors for what appears to be a perfect storm.

The European Union is preparing to take emergency action to reform the electricity market and get a grip on energy prices that have soared since Russia invaded Ukraine, senior officials have said

Energy ministers from EU member states will hold urgent talks in Brussels on September 9.

The World Bank predicts the strongest price crisis in 2022 since the 1970s due to jumps in the price of energy, metals and food. This is stated in the new Commodity Market Outlook.

Experts from the World Bank predict a 50% increase in energy prices in 2022, and other goods - by 20%.

A series of measures will be drawn up in the short, medium and long term to help parry the record high electricity prices that businesses pay on the open market, assured at a briefing at the Ministry of Energ head of the department Andrey Zhivkov.

Prime Minister Florin Citu said on Tuesday that energy prices will not be capped in Romania, insisting that Romania needs energy independence. "There is growing public concern over energy prices, especially because the winter season is coming - the payment of energy bills - and so we have to come up with solutions. Of course, the solution to prices cannot come from the prime minister.

Turkey's installed power capacity reached almost 100 thousand megawatts, more than half of which comes from renewable energy resources, said Fatih Dönmez, Turkey's Energy and Natural Resources Minister on May 12.