Energy

Natural gas prices for household consumers dropped 23% in February, according to a report by HEPI (Household Energy Price Index for Europe) released on Wednesday.

The European Union has drafted plans to nudge countries towards using more long-term, fixed-price electricity contracts, as part of a reform of Europe's power market designed to shield consumers from price spikes.

Greece could become an important hydrogen hub for Europe, with hydrogen being the fuel of the future and ranking high on the European Commission's agenda for the transition to a pollution-free economy by 2050.

The European Union has signed an agreement with Egypt, while Saudi Arabia is developing renewable hydrogen production plans that are targeting Europe.

BELGRADE - Serbian Minister of Mining and Energy Dubravka Djedovic met with the director of the World Bank Office in Serbia Nicola Pontara on Thursday to discuss cooperation in the process of Serbia's energy transition.

The SPIRIT agency for entrepreneurship, internationalisation, FDI and technologies has received nearly 2,000 requests for energy subsidies from companies seeking a total of €399,5 million. €650 million has been earmarked for the measure.

Mytilineos Energy & Metals and Compagnie de Saint-Gobain on Thursday announced the signing of a private wire power purchase agreement (PPA) relating to the energy generated from a 4.9-megawatt solar farm in Italy.

The solar power plant will reach commercial operation in mid-2023 and it will be built on the premises of Saint-Gobain's historical factory in Vidalengo, Bergamo.

Shell net profit surged to a record $42.3 billion last year, the British energy giant said yesterday, as Russia's invasion of Ukraine sent oil and gas prices soaring.

The government has significantly reduced the level of electricity bill subsidization for February, given the considerable decline in international natural gas rates, which have slashed the cost of electricity production.

In 2022, solar and wind power account for around 22% of EU electricity generation, the highest share in the EU to date. At the same time, the production of electricity from gas represents 20%, which is 1 pp. less than in 2021. This is reported by DPA, referring to a study by the Ember think tank.

Greece has reduced the subsidies extended to consumers grappling with high energy costs to 95 million euros ($102.9 million) in February from 840 million euros in January, the energy minister said on Tuesday, citing a fall in gas prices.