Romania will be one of the biggest beneficiaries of the Social Fund for Climate, which will create a significant opportunity to reduce the energy poverty rate at the national level. Thus, Romania will receive 9.25% (6 billion euros) of the financing package worth 65 billion euros of the Social Fund for Climate, available in the […]
Hidroeletrica, the largest electricity producer in Romania, has published the report on the remuneration granted to directors and members of the Supervisory Board in 2023, which is to be submitted to shareholders for approval next month. The members of the Management Board and those of the Supervisory Board receive a fixed and a variable component, […]
The progress of the new 400 kV overhead transmission line being built between Greece and Albania was discussed in Tirana by the administrations of ADMIE and the Albanian Transmission System Operator OST. As pointed out during the meeting, the technical teams of the two Administrators will work closely together to speed up its construction. In addition, the […]
The government wants to continue with the capped energy prices, but without guaranteeing that it will return the money to the suppliers. The industry urgently calls for the situation to be remedied. The draft GEO amending the legislation regarding the capping of energy and gas prices, which would be adopted today by the Government, has […]
The Ministry of Energy has introduced an item on the agenda of the Nuclearelectrica General Meeting of Shareholders requesting the introduction of a new investor into the shareholding of the company that develops the small modular nuclear reactor project from Doicești. Here is what is written in the convenor of the AGM: “Approving the conclusion […]
The spot price of electricity is almost zero today at noon on the Romanian market, against the backdrop of a higher supply than demand during those hours. The hourly market price for the next day for electricity traded yesterday with delivery today at noon is almost zero in the mid-day time intervals, according to data […]
The chemical company Chimcomplex Borzești, controlled by the local businessman Ștefan Vuza, has launched the tender for the high-efficiency gas power plant in cogeneration from Râmnicu Vâlcea, a project also financed by PNRR. The 108 MW plant will be ready at the end of 2025. “The general objective of the project is to achieve a […]
Although Europe has not yet lost its first-mover advantage, the US is a hair’s breadth behind. Grid orchestration, the dispatch of flexible clean tech assets, may prove key to maintaining Europe’s competitive streak. An early mover on the road to net zero, Europe and its Union have long enjoyed being an early adaptor and an […]
A new study from UK energy think tank Ember has found that in several countries the transmission grid plans are out of step with national plans. With this comes the risk that grid investments may be insufficient to deliver on the 2030 energy security and climate targets and need to be urgently addressed given the […]
Seven lignite-fired power plant units with a combined generating capacity of 3.1 gigawatt will be shut down in Germany at the end of March after the plant’s planned decommissioning was postponed due to the 2022 energy crisis. The seven coal plants will no longer be allowed to sell their electricity on the wholesale market. The […]
The Council of the EU formally adopted a new law to protect energy consumers from wholesale market manipulation, aiming to strengthen surveillance of wholesale markets and guarantee open and fair electricity competition in the EU. This new text is part of an overall reform of the electricity market in Europe and amends the 2011 regulation […]
The Board of Directors of Electrica approved, for this year, investments of 1.12 billion lei, according to an announcement sent to the Bucharest Stock Exchange. Here’s the investment breakdown: -878.0 million RON represents the 2024 annual financial plan of the distribution subsidiary Distributie Energie Electrica Romania SA in terms of investments (the financial part of […]
Where do we want to be in 2040? It is the question that all of us – the Romanians, the Government, ANRE, distribution operators and all actors of the energy market – must address, believes Alessio Menegazzo, CEO and country manager of PPC Romania. Investments in electrical networks must be greatly supported and accelerated, because […]
PPC Advanced Energy Services Romania (a company part of the PPC group, previously named Enel X Romania) carried out in 2023 through its e-City division, 40 street, pedestrian and indoor lighting projects with LED technology for town halls and public institutions in 19 counties from the country, including Bucharest, the company says in a press […]
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