Energy

Greece's power suppliers have announced significantly reduced electricity tariffs for February, with Public Power Corporation (PPC) saying that its rate is down 57-64% compared to January. 

The country's power suppliers have announced significantly reduced electricity tariffs for February, with Public Power Corporation (PPC) saying that its rate is down 57-64% compared to January.

Energy and Natural Resources Minister Fatih Dönmez has stated that in addition to conventional nuclear power plants, small and medium-sized modular reactors (SMR) have also been included in the agenda for the "zero emission" target envisaged for 2053.

EuroEnergy, an Athens-based renewable energy subsidiary of Libra Group with assets and operations in the European Union, has announced that it will acquire a 114-megawatt wind energy development in Udbina, Croatia.

BELGRADE - Serbian Minister of Mining and Energy Dubravka Djedovic met on Thursday with representatives of the French business association MEDEF, headed by Christophe Petit, to discuss priority investments in the energy sector and opportunities for cooperation with French companies with vast international experience in energy projects.

Renewables, energy storage and conservation are the three pillars on which the revised energy planning up to 2030 is to be based, and which is to be officially presented by Environment and Energy Minister Kostas Skrekas in the next few days.

The price of wholesale electricity will drop to 58.44 euros per megawatt-hour on Thursday at the Hellenic Energy Exchange, it was reported on Wednesday.

This rate is 33% lower than Wednesday's set rate, a continuous reduction since wholesale electricity prices dropped 75% last Saturday, that is from €233.81/MWh to €58.55/MWh.

Climate activist Greta Thunberg was among climate activists detained during protests against the expansion of a coal mine in Luetzerath on Tuesday, according to German police, reported CNN affiliate N-TV.

Wholesale electricity prices have fallen below 100 euros per megawatt-hour in Greece for the first time in nearly 18 months.

The electricity rate for Wednesday has been set at €86.77/MWh in the Greek Energy Exchange, falling below the €100 barrier for the first time since August 2021.

Electricity generated from renewable energy sources on Cyprus could eventually make up as much as half of all power conveyed to other countries through an electricity cable linking the island nation's power grids to Israel and Greece, the Cypriot energy minister said Tuesday.