The energy cooperation between Cyprus and Egypt for the development of the “Cronos” natural gas field is moving to the next phase,
Greece’s electricity retail market looks set for more consolidation. The inevitable mergers and acquisitions, say market analysts, will leave the sector with four big players.
The rush to renewable energy sources creates more problems than it solves, says Costis Stambolis, president of the Institute of Energy for Southeast Europe, in a new book, “Greece in the New Energy Era.”
The Special Common Utility Services Account is almost always running a deficit, but lately this has been creeping up toward €300 million, leaving the government in a bind: Will it directly fund the deficit or will it pass the bill on to electricity consumers?
The Independent Power Transmission Operator’s updated 10-year investment program (2025-2034), estimated at almost €6 billion, has extended the timeline of 40 of 90 projects, while adding five more.
High inflation and interest rates, geopolitical upheaval and, quite obviously, the different priorities of the Trump administration, have led the big oil companies to move away from green energy and invest again in oil and natural gas.
Electricity suppliers and large industries have been the main beneficiaries of the fact that, for the fifth consecutive day, electricity producers have been paying to supply the power grid certain hours of the day.
Power company PPC will begin implementing its investment plan to build gas peaker plants in Romania at the end of the year.
The deadline approaches for bids on hydrocarbon exploration south of Crete and in parts of the Peloponnese, with submissions due September 10.
More than 1.2 million households and businesses have turned away from the so-called “green” electricity bills with their fluctuating prices to flock into the fixed-price “blue” bills, with 12- to 24-month contracts that are now significantly cheaper.
Israel’s Leviathan natural gas field has signed the largest export agreement in the country’s history, worth up to $35 billion to supply gas to Egypt, NewMed, one of the partners in the field, said on Thursday.
An increasing percentage of renewable energy production is literally thrown away, especially at times when demand is low, raising questions about the viability of both old and new renewable energy source (RES) projects, but also about the secure operation of the power grid and its cost that is borne by electricity consumers.
Consumers will soon be able to choose a new category of electricity bills, the so-called “red invoices.”
The Municipality of Tinos has filed a lawsuit against Greece’s electricity operator, DEDDIE, over repeated power outages plunging villages into darkness during peak tourist season.
The Cyprus Energy Regulatory Authority (CERA) on Thursday announced its decision to approve the recovery of actual investment expenditures amounting to 82 million euros for the Great Sea Interconnector project, based on the data submitted by the implementing body, Greece’s Independent Power Transmission Operator (ADMIE), up to July 21.
The use of air conditioning to deal with the oppressive heat in the Athens area led to temporary blackouts in some southern suburbs on Monday.
Metlen announced on Wednesday it has signed two new contracts for the engineering, procurement and construction of renewable energy projects in the UK, further strengthening its presence in the country. The total value of the contracts amounts to £34.8 million.
Three major energy projects are trapped in geopolitics, with two of them possibly being released in the next few months, while some have already written off the third.
The European Union on Friday agreed an 18th package of sanctions against Russia over its war in Ukraine, including measures aimed at dealing further blows to the Russian oil and energy industry.
Energy Minister Stavros Papastavrou said members should be proud of becoming independent of Russian natural gas.
Dan Jorgensen, the Danish commissioner for energy and housing at the European Commission, has affirmed that the EU’s executive arm will do everything possible to ensure the implementation of the Crete-Cyprus electricity interconnection project.
The Greek government is relying on Chevron’s influence in decision-making centers in the US in its confrontation with Libya, and by extension with Turkey.
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