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Weekly electricity prices drop across most European markets

Electricity prices fell across most major European markets last week, according to AleaSoft Energy Forecasting. The consultancy recorded price declines in Belgium, Britain, the Netherlands, France, Germany, Nordic countries, Portugal, and Spain. Italy was the only exception. In most analyzed markets, weekly average prices dropped below €85 ($91.56)/MWh. However, Britain and Italy remained above this threshold. The British market averaged €107.21/MWh, while Italy had the highest at €123.25/MWh. The Nordic market recorded the lowest average…

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Montenegro plans coal plant shutdown by 2041

Montenegro aims to shut down the Pljevlja coal power plant by 2041 as part of its draft National Energy and Climate Plan (NECP).  The plan was submitted by the Ministry of Energy to the Energy Community Secretariat for review. Minister of Energy Saša Mujović stated that achieving the NECP goals would require EUR 1.1 billion, posing a significant financial burden. Given this, Montenegro is requesting a revision of its 2030 climate and energy targets to…