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<?xml version="1.0" encoding="UTF-8"?><rss version="2.0" xmlns:content="http://purl.org/rss/1.0/modules/content/" xmlns:wfw="http://wellformedweb.org/CommentAPI/" xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:atom="http://www.w3.org/2005/Atom" xmlns:sy="http://purl.org/rss/1.0/modules/syndication/" xmlns:slash="http://purl.org/rss/1.0/modules/slash/" > <channel> <title>ENERGYPRESS</title> <atom:link href="https://energypress.eu/feed/" rel="self" type="application/rss+xml" /> <link>https://energypress.eu</link> <description></description> <lastBuildDate>Tue, 26 Nov 2024 10:00:51 +0000</lastBuildDate> <language>en-US</language> <sy:updatePeriod> hourly </sy:updatePeriod> <sy:updateFrequency> 1 </sy:updateFrequency> <item> <title>Helleniq Energy, Edison begin bidding for Elpedison takeover</title> <link>https://energypress.eu/helleniq-energy-edison-bidding-for-each-others-50-stake-in-elpedison/</link> <comments>https://energypress.eu/helleniq-energy-edison-bidding-for-each-others-50-stake-in-elpedison/#respond</comments> <dc:creator><![CDATA[admin]]></dc:creator> <pubDate>Tue, 26 Nov 2024 09:58:24 +0000</pubDate> <category><![CDATA[Energy]]></category> <category><![CDATA[EDF]]></category> <category><![CDATA[edison]]></category> <category><![CDATA[ELPE]]></category> <category><![CDATA[Elpedison]]></category> <category><![CDATA[Greek State]]></category> <category><![CDATA[HELLENiQ ENERGY]]></category> <category><![CDATA[Paneuropean OIl]]></category> <guid isPermaLink="false">https://energypress.eu/?p=45652</guid> <description><![CDATA[Helleniq Energy, formerly known as Hellenic Petroleum (ELPE), and Italy’s Edison have launched a bidding process to acquire each other’s 50 percent stake in Elpedison, their joint venture in the Greek retail energy market. As required by terms agreed to by the two sides, Helleniq Energy submitted the initial bid, on Friday. Helleniq Energy was […]]]></description> <content:encoded><![CDATA[Helleniq Energy, formerly known as Hellenic Petroleum (ELPE), and Italy’s Edison have launched a bidding process to acquire each other’s 50 percent stake in Elpedison, their joint venture in the Greek retail energy market. As required by terms agreed to by the two sides, Helleniq Energy submitted the initial bid, on Friday. Helleniq Energy was required to initiate the bidding process as it had raised the matter of taking over Elpedison. The ball is now in Edison’s court. No details have been disclosed on the value of the bid submitted by Helleniq Energy for Edison’s 50 percent stake in Elpedison. Edison, a member of the EDF group, has 15 days to either accept Helleniq Energy’s offer or submit a counteroffer. According to sources, Edison will most likely submit a counteroffer. Both sides have the right to keep submitting improved counteroffers until one side drops out. The procedure will lead to a result within the next few weeks, or, at most, within three months, Helleniq Energy’s CEO Andreas Siamisiis underlined during the energy group’s recent presentation of its nine-month results. The government is keeping a close watch on the bidding as the Greek State holds a 35.47 percent stake in Helleniq Energy. Paneuropean Oil and Industrial Holdings, owned by Greek business magnate Spiros Latsis, is the major shareholder of Helleniq Energy. ]]></content:encoded> <wfw:commentRss>https://energypress.eu/helleniq-energy-edison-bidding-for-each-others-50-stake-in-elpedison/feed/</wfw:commentRss> <slash:comments>0</slash:comments> </item> <item> <title>Industries making most of PPAs to reduce energy cost</title> <link>https://energypress.eu/industries-making-most-of-ppas-to-reduce-energy-cost/</link> <comments>https://energypress.eu/industries-making-most-of-ppas-to-reduce-energy-cost/#respond</comments> <dc:creator><![CDATA[admin]]></dc:creator> <pubDate>Tue, 26 Nov 2024 09:28:21 +0000</pubDate> <category><![CDATA[Renewables]]></category> <category><![CDATA[DAPEEP]]></category> <category><![CDATA[industry]]></category> <category><![CDATA[PPAs]]></category> <category><![CDATA[RES producers]]></category> <guid isPermaLink="false">https://energypress.eu/?p=45647</guid> <description><![CDATA[Industries are increasingly turning to RES-based power purchase agreements (PPAs) to cut energy costs, taking advantage of a two-year suspension of such contracts between RES producers and DAPEEP, the RES market operator. This suspension allows RES producers to explore better terms in the market. According to industrial sources, contract terms achieved are as favorable as […]]]></description> <content:encoded><![CDATA[Industries are increasingly turning to RES-based power purchase agreements (PPAs) to cut energy costs, taking advantage of a two-year suspension of such contracts between RES producers and DAPEEP, the RES market operator. This suspension allows RES producers to explore better terms in the market. According to industrial sources, contract terms achieved are as favorable as – or even better than – those of a 10-year bilateral agreement. Additionally, the short-term nature of these contracts offers a significant advantage by minimizing the risks associated with long-term commitments in a rapidly evolving market. The extreme and persistent market volatility witnessed in recent years has posed a significant challenge for both producers and off-takers, making long-term commitments increasingly difficult to navigate. ]]></content:encoded> <wfw:commentRss>https://energypress.eu/industries-making-most-of-ppas-to-reduce-energy-cost/feed/</wfw:commentRss> <slash:comments>0</slash:comments> </item> <item> <title>Ministry overreacting to higher wholesale prices, producers say</title> <link>https://energypress.eu/ministry-overreacting-to-higher-wholesale-prices-producers-say/</link> <comments>https://energypress.eu/ministry-overreacting-to-higher-wholesale-prices-producers-say/#respond</comments> <dc:creator><![CDATA[admin]]></dc:creator> <pubDate>Tue, 26 Nov 2024 08:47:21 +0000</pubDate> <category><![CDATA[Electricity]]></category> <guid isPermaLink="false">https://energypress.eu/?p=45644</guid> <description><![CDATA[Electricity producers have opposed the energy ministry’s proposal to impose an extraordinary tax on their windfall profits to fund electricity subsidies in December and potentially in the coming months, regarding the response as an overreaction. Producers have criticized the proposed extraordinary tax, arguing that it could lead to market distortions and unfairly penalize the strong […]]]></description> <content:encoded><![CDATA[Electricity producers have opposed the energy ministry’s proposal to impose an extraordinary tax on their windfall profits to fund electricity subsidies in December and potentially in the coming months, regarding the response as an overreaction. Producers have criticized the proposed extraordinary tax, arguing that it could lead to market distortions and unfairly penalize the strong performance of vertically integrated generators, playing a key role in enabling energy providers to offer more competitive fixed and variable rates. Meanwhile, the level of windfall profits of electricity producers remains to be seen as wholesale gas prices have soared over recent weeks, increasing production costs, with no signs of any considerable de-escalation. Electricity producers believe that the elevated wholesale prices are temporary and do not constitute an emergency, as indicated by government announcements. In light of recent fluctuations in energy stock exchange indices, especially the significant divergence between western and southeastern Europe, electricity producers emphasize the need for a thorough examination of the issue at the European level, recognizing it as a “European problem rather than a national one.” The Hellenic Association of Independent Power Producers (HAIPP) has urged the European Commission to review the situation and has received confirmation that it will be examined.   ]]></content:encoded> <wfw:commentRss>https://energypress.eu/ministry-overreacting-to-higher-wholesale-prices-producers-say/feed/</wfw:commentRss> <slash:comments>0</slash:comments> </item> <item> <title>Electricity subsidies via tax on power producers considered</title> <link>https://energypress.eu/electricity-subsidies-via-tax-on-power-producers-considered/</link> <comments>https://energypress.eu/electricity-subsidies-via-tax-on-power-producers-considered/#respond</comments> <dc:creator><![CDATA[admin]]></dc:creator> <pubDate>Mon, 25 Nov 2024 10:32:34 +0000</pubDate> <category><![CDATA[Electricity]]></category> <category><![CDATA[electricity producers]]></category> <category><![CDATA[Energy Transition Fund]]></category> <category><![CDATA[subsidies]]></category> <category><![CDATA[Ukraine]]></category> <guid isPermaLink="false">https://energypress.eu/?p=45641</guid> <description><![CDATA[The energy ministry is reportedly considering a tax on power generators’ profits as the primary option for funding electricity subsidies in December and, if needed, in the coming months, sources have informed. This is the only fiscal measure currently under consideration as other scenarios, such as imposing a tax on wholesale prices exceeding a certain […]]]></description> <content:encoded><![CDATA[The energy ministry is reportedly considering a tax on power generators’ profits as the primary option for funding electricity subsidies in December and, if needed, in the coming months, sources have informed. This is the only fiscal measure currently under consideration as other scenarios, such as imposing a tax on wholesale prices exceeding a certain threshold, have been rejected as they would constitute market interference, the sourced noted. Details remain unclear and the implementation of such a tax, even if finalized, is expected to face delays. As a result, the necessary funds for December are expected to be drawn from the Energy Transition Fund (ETF), but its reserves are low, so the energy ministry is exploring ways to bolster this fund with new revenue sources. All indications suggest that the measure is being considered for an extended period, potentially beyond January. Much will depend on Ukraine’s rising electricity demands and their impact on energy exchange price fluctuations in the region. ]]></content:encoded> <wfw:commentRss>https://energypress.eu/electricity-subsidies-via-tax-on-power-producers-considered/feed/</wfw:commentRss> <slash:comments>0</slash:comments> </item> <item> <title>EIB keen on financing offshore wind projects</title> <link>https://energypress.eu/eib-keen-on-financing-offshore-wind-projects/</link> <comments>https://energypress.eu/eib-keen-on-financing-offshore-wind-projects/#respond</comments> <dc:creator><![CDATA[admin]]></dc:creator> <pubDate>Mon, 25 Nov 2024 10:07:29 +0000</pubDate> <category><![CDATA[Renewables]]></category> <category><![CDATA[EDEYEP]]></category> <category><![CDATA[EIB]]></category> <category><![CDATA[offshore wind farms]]></category> <category><![CDATA[renewables]]></category> <guid isPermaLink="false">https://energypress.eu/?p=45638</guid> <description><![CDATA[The European Investment Bank has expressed strong support for financing offshore wind projects in Greece, according to senior bank officials. The EIB, which sees big potential for the sector in Europe and aims to support its development, is prepared to assist in facilitating the first investments aimed at harnessing the abundant wind energy potential of […]]]></description> <content:encoded><![CDATA[The European Investment Bank has expressed strong support for financing offshore wind projects in Greece, according to senior bank officials. The EIB, which sees big potential for the sector in Europe and aims to support its development, is prepared to assist in facilitating the first investments aimed at harnessing the abundant wind energy potential of the Greek seas, the officials noted. The advancement of Greece’s first wave of offshore wind projects is expected to gain momentum with the anticipated signing of a joint ministerial decision by the relevant ministries. The Hellenic Hydrocarbons and Energy Resources Management Company is preparing to gather data – through a special purpose vehicle that the company plans to establish – for initial sites where projects will be developed. These sites will be selected from a pool of between five and seven eligible offshore areas, according to sources. The seven marine areas are between the Psara and Chios islands; off Crete; Gyaros; Donousa; Evia; Rhodes; and at the Gulf of Patras.   ]]></content:encoded> <wfw:commentRss>https://energypress.eu/eib-keen-on-financing-offshore-wind-projects/feed/</wfw:commentRss> <slash:comments>0</slash:comments> </item> <item> <title>Increased energy exports drive up wholesale prices</title> <link>https://energypress.eu/increased-energy-exports-drive-up-wholesale-prices/</link> <comments>https://energypress.eu/increased-energy-exports-drive-up-wholesale-prices/#respond</comments> <dc:creator><![CDATA[admin]]></dc:creator> <pubDate>Mon, 25 Nov 2024 09:09:35 +0000</pubDate> <category><![CDATA[Electricity]]></category> <category><![CDATA[Austria]]></category> <category><![CDATA[Belgium]]></category> <category><![CDATA[Bulgaria]]></category> <category><![CDATA[electricity exports]]></category> <category><![CDATA[France]]></category> <category><![CDATA[greece]]></category> <category><![CDATA[Netherlands]]></category> <category><![CDATA[Poland]]></category> <category><![CDATA[romania]]></category> <category><![CDATA[wholesale electricity prices]]></category> <guid isPermaLink="false">https://energypress.eu/?p=45633</guid> <description><![CDATA[Extensive electricity exports to interconnected Balkan countries are one of the factors that have driven up wholesale electricity prices, according to energy ministry officials. Exports have been fueled by a regional power shortage in southeast Europe and persistent issues with energy flow through interconnections from western and central Europe to the area. After a meeting […]]]></description> <content:encoded><![CDATA[Extensive electricity exports to interconnected Balkan countries are one of the factors that have driven up wholesale electricity prices, according to energy ministry officials. Exports have been fueled by a regional power shortage in southeast Europe and persistent issues with energy flow through interconnections from western and central Europe to the area. After a meeting with European Commission technical teams last Friday, energy ministry officials highlighted that Greece, as an energy exporter in recent times, has aided southeast Europe’s energy sufficiency amid a malfunctioning single electricity market, characterized by a division between eastern and western Europe. The ministry officials added that Bulgaria and Romania, also hit by high wholesale electricity prices, are currently facing a different challenge as the two countries are currently relying heavily on energy imports. According to the latest available data, Greece is currently exporting one-third of its domestically produced energy. Coupled with the energy flow dynamics, which prioritize moving electricity from lower-cost to higher-cost regions, this export activity drives up electricity prices during export hours. Today’s average wholesale electricity price in Greece stands at 136.57 euros per MWh, slightly below those of Bulgaria and Romania at 136.86 euros per MWh. Prices are higher in Italy at 143.31 euros per MWh and Hungary at 145.41 euros per MWh. In contrast, prices in western and central Europe are considerably lower, with Austria at 112.03 euros per MWh, Belgium at 69.08 euros per MWh, France at 55.01 euros per MWh, the Netherlands at 76.99 euros per MWh, and Poland at 73.12 euros per MWh. ]]></content:encoded> <wfw:commentRss>https://energypress.eu/increased-energy-exports-drive-up-wholesale-prices/feed/</wfw:commentRss> <slash:comments>0</slash:comments> </item> <item> <title>EIB appears upbeat on €500m loan for Greek-Cypriot grid link</title> <link>https://energypress.eu/eib-appears-upbeat-on-e500m-loan-for-greek-cypriot-grid-link/</link> <comments>https://energypress.eu/eib-appears-upbeat-on-e500m-loan-for-greek-cypriot-grid-link/#respond</comments> <dc:creator><![CDATA[admin]]></dc:creator> <pubDate>Fri, 22 Nov 2024 12:21:30 +0000</pubDate> <category><![CDATA[Electricity]]></category> <category><![CDATA[Cyprus]]></category> <category><![CDATA[EIB]]></category> <category><![CDATA[Great Sea Interconnector]]></category> <category><![CDATA[greece]]></category> <category><![CDATA[IPTO]]></category> <category><![CDATA[Israel]]></category> <category><![CDATA[National Energy and Climate Plan]]></category> <guid isPermaLink="false">https://energypress.eu/?p=45629</guid> <description><![CDATA[The European Investment Bank appears upbeat on the prospects of a 500 million-euro loan for the Great Sea Interconnector, a 1.9 billion-euro project planned to link the Greek and Cypriot electrical grids with a prospective extension to Israel, sources have informed. EIB president Nadia Calvino was in Athens Thursday for meetings with Greek government officials, […]]]></description> <content:encoded><![CDATA[The European Investment Bank appears upbeat on the prospects of a 500 million-euro loan for the Great Sea Interconnector, a 1.9 billion-euro project planned to link the Greek and Cypriot electrical grids with a prospective extension to Israel, sources have informed. EIB president Nadia Calvino was in Athens Thursday for meetings with Greek government officials, including Prime Minister Kyriakos Mitsotakis, regarding investment initiatives for supporting the Greek economy. During her meetings, the EIB chief indicated that the loan for the Greek-Cypriot link could be just months away. Certain prerequisites remain, including the European Commission’s approval of the National Energy and Climate Plans of Greece and Cyprus. The Great Sea Interconnector is included in the NECPs of both countries, providing details on the project’s significance for Greece and Cyprus, its benefits for both economies, as well as a development timeline. Just days ago, the European Commission reminded a number of EU member states, including Greece and Cyprus, that they have delayed submitting updated and finalized NECPs, based on EU scheduling. Calvino is visiting Nicosia today for talks with Cypriot government officials, including President Nikos Christodoulides. With Brussels’ approval of the Greek and Cypriot NECPs, the EIB is expected to swiftly advance to the next steps, including the customary exchange of letters with Greece’s power grid operator IPTO, the project promoter, and Cypriot authorities to clarify the cost-benefit analysis of the grid link. ]]></content:encoded> <wfw:commentRss>https://energypress.eu/eib-appears-upbeat-on-e500m-loan-for-greek-cypriot-grid-link/feed/</wfw:commentRss> <slash:comments>0</slash:comments> </item> <item> <title>Energy ministry planning major RES support for islands</title> <link>https://energypress.eu/energy-ministry-planning-major-res-support-for-islands/</link> <comments>https://energypress.eu/energy-ministry-planning-major-res-support-for-islands/#respond</comments> <dc:creator><![CDATA[admin]]></dc:creator> <pubDate>Fri, 22 Nov 2024 11:27:47 +0000</pubDate> <category><![CDATA[Renewables]]></category> <category><![CDATA[energy ministry]]></category> <category><![CDATA[Islands' Decarbonization Fund]]></category> <category><![CDATA[renewables]]></category> <guid isPermaLink="false">https://energypress.eu/?p=45626</guid> <description><![CDATA[More than half of the Islands’ Decarbonization Fund’s projected value is expected to support investments in new renewable energy projects, hybrid generation systems, and self-production initiatives on the Greek islands, as part of an energy ministry plan promoting greater renewable energy penetration. A total of 490 million euros from this fund will be earmarked to […]]]></description> <content:encoded><![CDATA[More than half of the Islands’ Decarbonization Fund’s projected value is expected to support investments in new renewable energy projects, hybrid generation systems, and self-production initiatives on the Greek islands, as part of an energy ministry plan promoting greater renewable energy penetration. A total of 490 million euros from this fund will be earmarked to support investments in new renewable energy projects, hybrid generation systems, batteries and self-production initiatives on the Greek islands, according to the ministry’s plan. Furthermore, 260 million euros is planned to be made available as support for a floating solar farm with a 195-MW capacity. Simultaneously, a sum of 100 million euros is set to be allocated for the development of multi-purpose dams, serving water supply, irrigation, and energy production through the installation of small hydroelectric power plants. The ministry’s plan includes making available a sum of 135 million euros to subsidize, at a rate of roughly 50 percent, installations of photovoltaics and batteries for self production on the islands. This initiative is expected to benefit some 14,600 households. A sum of 1.6 billion euros is anticipated to be injected into the islands’ fund through a CO2 emission rights auction offering 260 million CO2 emission rights. This amount could increase as CO2 right prices are forecast to rise.   ]]></content:encoded> <wfw:commentRss>https://energypress.eu/energy-ministry-planning-major-res-support-for-islands/feed/</wfw:commentRss> <slash:comments>0</slash:comments> </item> <item> <title>Romania urges EU action on soaring energy prices</title> <link>https://energypress.eu/romania-urges-eu-action-on-soaring-energy-prices/</link> <comments>https://energypress.eu/romania-urges-eu-action-on-soaring-energy-prices/#respond</comments> <dc:creator><![CDATA[admin]]></dc:creator> <pubDate>Fri, 22 Nov 2024 10:45:18 +0000</pubDate> <category><![CDATA[Electricity]]></category> <category><![CDATA[Austria]]></category> <category><![CDATA[Bulgaria]]></category> <category><![CDATA[eu]]></category> <category><![CDATA[greece]]></category> <category><![CDATA[romania]]></category> <category><![CDATA[Slovakia]]></category> <category><![CDATA[wholesale electricity market]]></category> <guid isPermaLink="false">https://energypress.eu/?p=45623</guid> <description><![CDATA[Romanian energy minister Sebastian Burduja has urged a visiting team of European Commission officials for immediate and long-term measures to counter energy prices in the neighboring country. The Brussels officials, reporting to senior EU authorities, visited Bucharest ahead of their trip to Athens for discussions with Greek energy-sector leaders. Prior to this regional visit, the […]]]></description> <content:encoded><![CDATA[Romanian energy minister Sebastian Burduja has urged a visiting team of European Commission officials for immediate and long-term measures to counter energy prices in the neighboring country. The Brussels officials, reporting to senior EU authorities, visited Bucharest ahead of their trip to Athens for discussions with Greek energy-sector leaders. Prior to this regional visit, the Greek, Romanian and Bulgarian energy ministries forwarded a letter to the European Commission calling for measures to tackle extremely higher wholesale electricity prices across eastern Europe in recent weeks. Romanian citizens, currently trying to cope with extraordinarily high energy prices, need to know of a unified European energy market if they are to maintain their support for Europe, Burduja emphasized to the visiting Brussels officials. “I was very clear in conveying the message that this situation is unacceptable for Romanian citizens and Romanian energy companies. If we want our citizens to support Europe, we have to show them that there is a single European energy market where prices are fair for everyone,” Burduja told meeting following his meeting with Brussels officials. The Romanian energy minister highlighted the need for development of grid interconnections. He asserted that certain EU member states have failed to meet their energy obligations, contrasting this with Romania’s full compliance. “I emphasized that during its EU accession process, Romania undertook significant and challenging reforms, making decisions that left a lasting impact, even on the energy sector,” Burduja said. “Meanwhile, some EU member states are refusing to meet their obligations in 2024. It is incomprehensible that two critical transit countries for energy flows between West and East, Austria and Slovakia, remain unconnected.”   ]]></content:encoded> <wfw:commentRss>https://energypress.eu/romania-urges-eu-action-on-soaring-energy-prices/feed/</wfw:commentRss> <slash:comments>0</slash:comments> </item> <item> <title>RES investment interest now focused on wind power</title> <link>https://energypress.eu/res-investment-interest-now-focused-on-wind-power/</link> <comments>https://energypress.eu/res-investment-interest-now-focused-on-wind-power/#respond</comments> <dc:creator><![CDATA[admin]]></dc:creator> <pubDate>Thu, 21 Nov 2024 11:11:50 +0000</pubDate> <category><![CDATA[Renewables]]></category> <category><![CDATA[renewables]]></category> <category><![CDATA[wind power]]></category> <guid isPermaLink="false">https://energypress.eu/?p=45620</guid> <description><![CDATA[Industry players highlight a prevailing trend among off-takers, who now commonly require a substantial “wind component” in their energy portfolios as a precondition for finalizing “green” PPAs. This trend is underscored by Amazon’s recent announcement of a 15-year agreement to source electricity from three wind farms in in Greece, in the regions of Macedonia and […]]]></description> <content:encoded><![CDATA[Industry players highlight a prevailing trend among off-takers, who now commonly require a substantial “wind component” in their energy portfolios as a precondition for finalizing “green” PPAs. This trend is underscored by Amazon’s recent announcement of a 15-year agreement to source electricity from three wind farms in in Greece, in the regions of Macedonia and the Peloponnese, which serves as a clear example of this shift. According to the same officials, a similar trend is observed among producers, who view wind turbines as offering significantly more favorable economic prospects for commercial exploitation. As a result, wind power investments have become a priority not only for groups aiming to expand their existing “green” portfolios but also for companies seeking to enter the renewable energy sector. In practice, market executives point out that interest in acquiring renewable energy plants is now overwhelmingly focused on wind projects, which dominate current demand. ]]></content:encoded> <wfw:commentRss>https://energypress.eu/res-investment-interest-now-focused-on-wind-power/feed/</wfw:commentRss> <slash:comments>0</slash:comments> </item> </channel> </rss>