Tesla is raising prices after backtracking on store closures
Tesla will raise the price of its vehicles after going back on a recent decision to close most of its…
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Electricity
Spot electricity price decreases
The average day aheam market (DAM) closing power price on OPCOM exchange was about 230 lei/ MWh in February 2019,…
INS: Romania has a surplus of 90 mln. euro in international electricity trade, 11 months – 2018
Romania exported electricity worth 210.6 million euros in the first 11 months of 2018, while the value of the imports…
Producers and last resort suppliers, required to report prices and amounts of energy according to REMIT
Last resort suppliers (SLR) and electricity producers are required to report in accordance with REMIT their regulated prices for delivered…
Anna Colucci (DG ENER): Freezing prices is against competition and it does not help the vulnerable consumers
Fixing, capping or freezing the energy prices decrease competition, and that usually is a source of revenues for the incumbent…
Corina Popescu: Electrica has not sent to customers any price increase notifications
Electrica did not send price alerts to industrial customers, and there were no renegotiations yet, say company officials. “In the…
SAPE will increase the share capital of Hidro Tarniţa
The state asset management company (SAPE) wants to increase the share capital of Hidro Tarniţa by cash contribution so that…
ELCEN – net loss of 18 million Lei in 2018
Elcen recorded a net loss of 18.27 million lei in 2018, from a profit worth 35.9 million lei in the…
Electrica will present its new five-year strategic plan in July
Electrica has a few months to digest the impact on the costs of the latest regulations, and will give shareholders…
Bulgarian Energy minister: Technology for construction of Belene NPP is the most modern and reliable
After talks between Prime Minister Boyko Borissov and Prime Minister Dmitry Medvedev we can not talk about increasing dependence on…
Rosatom can resume construction of the Belene nuclear power plant in Bulgaria
Russian state-owned Rosatom is able to complete the construction of the Belene nuclear plant shortly and is at the same…
ANRE: Distributors will no longer pay the cogeneration contribution for the CPT
An ANRE draft order establishes that the four electricity distributors in Romania, Enel, CEZ, E.On and Electrica will be exempted…
Electrica announces consolidated profit up 34% in 2018, but legislative context will halve it in 2019
Although consolidated profits increased in 2018 by 34% in 2018, for 2019 Electrica estimates a 47% decline in consolidated profit.…
INS: Sales of non-food products and fuels contributed to 6.6% increase in retail business
Turnover for retail trade (excluding trade in motor vehicles and motorcycles) increased by 6.6% in gross series in January 2019…
US: Energy storage has a breakout year
2018 may have been the year of residential energy storage, according to a leading analyst, but grid storage was no slouch.…
The average price of DAM remains relatively constant, at around EUR 48 per MWh
The average energy price on the Day Ahead Market (DAM) of the OPCOM Energy Exchange during the week February 18-24…
Increase by over 66% of “green” car sales in Romania
Romanians bought 322 ecological cars (electric, hybrid and plug-in) in the first month of this year, up 66.8% over the…
Tesla to unveil Model Y on March 14
Tesla Inc will unveil its Model Y on March 14 at an event in LA Design Studio, Chief Executive Elon…
Electrica, net consolidated profit up by 34%
Electrica announced a net consolidated result of 230.4 million lei, up 34.3% as compared to 2017, according to unaudited preliminary…
Google and DeepMind are using AI to predict the energy output of wind farms
Google announced that it has made energy produced by wind farms more viable using the artificial intelligence software of its…
Denmark’s European Energy acquires largest PV project in Italy
The Danish developer has bought the right to build a 123 MW plant in Troia, in the southern Italian region…
Burning issue: are waste-to-energy plants a good idea?
It’s the controversial scheme that’s attracting attention across the nation but as more waste-to-energy facilities get the green light, critics…
Engie to exit 20 countries and back renewables possibly also in Romania
Engie will exit 20 countries and look to invest billions in renewables, infrastructure and services, as part of an extended…