energyobserver

information on the energy sector

ENEL GROUP ANNOUNCES A NET ORDINARY INCOME UP 11.3% IN Q1 / ENERGYNOMICS.RO

Enel Group announced revenues worth 20,891 million euro (as opposed to 18,946 million euro in the first quarter of 2018, marking an increase of 10.3%) and a group net ordinary income of 1,159 million euro (1,041 million euros in the first quarter of 2018, +11.3%).

11.05.2019 · ITALY

NEW ENERGY SAVING SUBSIDY PROGRAM FOR AGGREGATORS / ENERGYPRESS.EU

The energy ministry is working on a new energy efficiency subsidy program for homes and businesses to be offered alongside a new round of the ‘Saving At Home’ program, scheduled to be launched in June.

11.05.2019 · GREECE

INDUSTRY: DEMAND RESPONSE, TARGET MODEL NEEDED FOR CATS / ENERGYPRESS.EU

The implementation of the target model and demand response mechanism are necessary for the acceptance of a permanent CAT mechanism for capacity, energy-intensive industrial enterprises have underlined.

11.05.2019 · GREECE

CRETE LINK TENDER DESIGNED TO OVERCOME ANY LEGAL COMPLICATIONS / ENERGYPRESS.EU

A tender being prepared by RAE, the Regulatory Authority for Energy, for Crete’s major-scale electricity grid interconnection with Athens will include terms ensuring the prevention of any legal complications for the procedure, regardless of whether the project will be developed as a national or PCI-status project.

11.05.2019 · GREECE

MEYER, FP: GEO 114 AFFECTS THE SALE OF HIDROELECTRICA, THE FUND MAY SUE THE STATE/ BOGDAN TUDORACHE / ENERGYNOMICS.RO

It is hard to believe that Fondul Proprietatea will sell the Hidroelectrica package, due to the price pressures exerted following the adoption of GEO 114/2018, says Johan Meyer, Fondul Proprietatea (FP) manager. Asked if he tried to find a buyer for Hidroelectrica’s share package, he replied that he tried and mentioned that under the circumstances of external factors such as GEO 114, which changes the basis for companies to generate their profit, any potential investor would want to have certainties about exact the implications before offering a firm price.

07.04.2019 · ROMANIA

ROMANIA WILL INVEST 720 MILLION EURO IN EXPANDING GAS STORAGE, BUT DUE TO GEO 114, RISKS TO FAIL BECOMING A REGIONAL HUB / BOGDAN TUDORACHE / ENERGYNOMICS.RO

Romania will invest around 720 million euro in expanding gas storage capacity in the medium term to increase its current capacity to 3.8 billion cubic meters (bcm), says Dimitrios Mezartasoglou, Associate Research Institute for Energy for South East Europe Europe (IENE).

07.04.2019 · ROMANIA

MAYORS CAN DECIDE THE EXPANSION OF NATURAL GAS DISTRIBUTION NETWORKS / ENERGYNOMICS.RO

The Government today approved, at the proposal of the Ministry of Energy, the Government Decision on the establishment of the general framework for the legal regime of the gas utility concession public utility contracts, for gas distribution, the procedures for concession granting, the content of the framework of the tender specifications.

07.04.2019 · ROMANIA

BULGARIA DOESN’T WANT TO GIVE UP ON COAL, USES BIOMASS AS STATISTICAL TRICK / BOGDAN TUDORACHE / ENERGYNOMICS.RO

The Bulgarian government doesn’t want to phase out coal, and there is basically no new renewable investment projected by 2030 in the National energy and Climate Plan, says Martin Vladimirov, Foundation for Study of Democracy, Bulgaria.

07.04.2019 · BULGARIA

CORINA POPESCU: IT IS IMPORTANT FOR THE ROMANIAN ENERGY SECTOR TO BE MORE PROACTIVE / ENERGYNOMICS.RO

One of the seven keynote speakers invited to open the 6th edition of Spring Cocktail, organized by energynomics.ro on March 27, was Corina Popescu, CEO of Electrica SA. She talked about the plans of the group’s, but also about what she believes to be of uttermost importance for the local energy industry. “I think it is important for each of us to understand what happens around us and, based on this, to define our strategy not only for this year, but for medium and long term”, Corina Popescu argued. “I think it is important for the Romanian energy sector to be more proactive. There are a lot of good specialists working in this industry and our voices need to be much stronger in Brussels”, she urged. Corina Popescu said that it was her opinion that what the experts in the ministry of Energy are doing do “respect the best practices” at European level.

07.04.2019 · ROMANIA

0.04 LEI ADDED TO GASOLINE PRICES IN A WEEK (0.7%); DIESEL PRICES DECLINE BY 0.05 LEI PER LITER / ENERGYNOMICS.RO

The price of gasolines sold by Petrom climbed four bani during the last week in all eight stations monitored by energynomics.ro, reaching in each city the highest level of the year. Thus, the upward trend in gasoline prices continues, with an average increase of 0.7%, the 11th in the last 13 weeks. Since January 7, gasoline price increased on average by 10.54%.

07.04.2019 · ROMANIA

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