Energy

The International Energy Agency (IEA) will guide nations in their energy and climate policies and lay out a road map, IEA Executive Director Fatih Birol has said.

Birol addressed leaders who gathered for the 49th G7 Summit in Hiroshima, Japan, last week.

The majority of electricity suppliers have announced reduced tariffs in June (compared to those in May), following the decline in prices on the Energy Exchange.

The joint vision of Motor Oil and PPC for the hydrogen economy, as initially reflected by the signing of the memorandum of understanding in January 2022 and then the establishment of the joint company Hellenic Hydrogen six months later, is moving into the next phase of implementation of the first investment plans.

Greece was among the cheapest markets in Europe in terms of the price of electricity paid by households in the fourth quarter of 2022, while in the same period it had the most expensive wholesale markets. 

Reduced tariffs in June (compared to those in May) were announced by the majority of electricity suppliers, following the decline in prices on the Energy Exchange.

Slovenia's pavilion at the International Architecture Exhibition, which opened on 20 May and runs until late November, is dedicated to the principles of ecology in architecture which have been lost in the face of advancing technology.

An apricot producer in the eastern province of Malatya meets the power needs of his agricultural land with the electricity from solar panels he installed three years ago at a cost of 100 Turkish Liras.

While increasing energy costs lead citizens to alternative sources, interest in solar panels is increasing each day.

Copelouzos Group, through its subsidiary companies Damco Energy and Elica Mediterranean Interconnection, and Infinity Power, a joint venture between Masdar (Abu Dhabi Future Energy Company) and Egypt's Infinity, have signed a memorandum of understanding in order to access, on a non-exclusive basis, the possibility of jointly developing renewable energy projects that will provide the GREGY power

Mary B. Warlick (M), Deputy Executive Director International Energy Agency, and Ivan Krastev (R), Permanent Fellow at the IWM, at a panel discussion at the "Time to Decide Europe Summit", in Vienna, Austria, on 16 May 2023. Photo: ERSTE Foundation

Since the beginning of the year, the export of electricity has decreased by nearly 66 percent, and the production of electricity has shrunk by a fifth compared to the same period last year, according to the data of the Electricity System Operator, BNR reports.