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Natural Gas

+0.25% 24.73 EUR/MWh

NBP Y+1 EUR/MWh
Power

+1.69% 78.15 EUR/MWh

BE Y+1 base
Oil

+2.35% 59.12 USD/bbl

WTI Crude
Green

+1.55% 89.56 EUR/tonne

CO2 EUA Dec 2026
Forex

+0.43% 1.1692

Rate EUR/USD

Jan 12, 2026

Goldman forecasts decreasing oil prices in 2026 due to an increase in supply.

Oil prices are expected to decline this year due to an influx of supply creating a surplus in the market, although geopolitical tensions involving Russia, Venezuela, and Iran will maintain price volatility, according to a Goldman Sachs report from Sunday. The investment bank reiterated its forecasts for average prices in 2026 at $56 for Brent and ...

Jan 12, 2026

New German gas power plants are delayed due to pending EU approval.

It remains uncertain when Germany will be able to begin constructing new gas power plants to support renewable energy generation, as the EU still needs to approve the proposed state aid, according to the newspaper taz. The economy ministry informed the paper that discussions with the European Commission about the specifics of the planned tenders fo...

Jan 12, 2026

Italy plans to invest 1 billion euros to reduce energy costs.

The Italian government intends to allocate approximately 1 billion euros ($1.16 billion) to reduce energy costs for households and businesses, Prime Minister Giorgia Meloni announced on Friday, as part of initiatives aimed at stimulating economic growth. During her customary New Year's press conference, Meloni emphasized her commitment to growth a...

Jan 12, 2026

Contract signed for geothermal drilling exploration in Wloclawek, Poland.

The City of Wloclawek in Poland's Kuyavian-Pomeranian Voivodeship has entered into an agreement with UOS Drilling for the drilling of the Wloclawek GT-1 geothermal exploration and appraisal well. Preparatory activities are anticipated to commence shortly, with a total project duration of 18 months. The exploration well is set to reach a depth of 2...

Jan 12, 2026

ContourGlobal initiates a 500MWh battery storage project in Bulgaria.

ContourGlobal has launched a battery energy storage system (BESS) in Bulgaria, boasting a total capacity of 500 megawatt-hours (MWh). The commissioning ceremony took place in the Stara Zagora region, a key industrial and energy hub, with attendance from ContourGlobal CEO Antonio Cammisecra, Bulgaria’s Minister of Energy Zhecho Stankov, and the Dep...

Jan 12, 2026

Kia reveals new EV2 at the Brussels Motor Show.

Kia Corporation has launched its new EV2 battery-powered compact SUV at the 2026 Brussels Motor Show, aiming to grow its footprint in the rapidly evolving global electric vehicle market. The EV2 marks Kia’s sixth dedicated battery electric vehicle (BEV) and showcases the brand’s unique design. It offers two battery sizes, 42.2 kWh and 61.0 kWh, wh...

Jan 12, 2026

TotalEnergies Secures Important Offshore Exploration License in Lebanon

TotalEnergies has made an agreement with Lebanon to acquire an offshore exploration permit in the eastern Mediterranean, adjacent to a block where it has begun its exploration, the French oil and gas giant announced on Friday. As the operator holding a 35% stake in the permit, TotalEnergies, alongside its partners Eni (35%) and QatarEnergy (30%), ...

Jan 12, 2026

Bulgaria's AES Galabovo TPP increases production to 2.6 million MWh in 2025.

AES Bulgaria, a subsidiary of the U.S. energy company AES Corporation, announced that its thermal power plant AES Galabovo produced 2.62 million MWh of electricity in 2025, accounting for 7% of Bulgaria's domestic electricity consumption. In 2024, AES Galabovo produced almost 1.93 million MWh. In December, the lignite-fired power plant generated ...

Jan 12, 2026

DET boosts supply security contributions by over one-third.

Deutsche Energy Terminal GmbH (DET) has enhanced its contribution to supply security in 2025 compared to the last two years. The federally owned company delivered approximately one-third more natural gas to the German gas grid in 2025. Specifically, the three floating LNG terminals (FSRUs) supplied 79 TWh for industries, businesses, households, and...

Jan 12, 2026

Decision on Dogger Bank South delayed as ministers request additional time.

The government has postponed its decision on the Dogger Bank South offshore wind extension, moving the deadline to 30 April 2026. This delay halts a significant planning decision regarding the 3GW project off the north-east coast of England, one of the largest offshore wind initiatives currently under consideration. Officials stated that the exte...

Jan 12, 2026

Government funding to assist in geothermal drilling exploration in Duisburg, Germany.

The Ministry of Economic Affairs and Climate Protection in North Rhine-Westphalia (NRW) is providing around EUR 7.5 million to support exploratory drilling for geothermal resources in Duisburg, Germany. “Duisburg is taking the lead. The local utilities are investing in climate-friendly heating that relies on renewable sources instead of fossil fue...

Jan 12, 2026

EU carbon prices approach €89/mt due to positive market sentiment.

EU carbon prices remained mostly stable in the week ending January 9, driven by strong demand despite mixed signals from initial auctions. As per Intercontinental Exchange data, EU Allowances were priced at Eur88.94/mtCO2e ($103.41/mtCO2e) at 1236 GMT on January 9, reflecting a 0.71% increase since January 2. Platts, part of S&P Global Energy, rep...

Jan 12, 2026

Orrön Energy secures UK grid connections for 2.9GW projects.

Sweden’s Orrön Energy has secured grid connections for six significant projects in the UK, totaling an estimated capacity of 2.9GW, following the completion of the UK grid reform process. These projects encompass three solar energy developments with a combined capacity of about 1.8GW and three data center initiatives contributing an additional 1.1...

Jan 12, 2026

Slovakia will sign an agreement with the US for cooperation in nuclear energy.

Slovak Prime Minister Robert Fico announced on Saturday that Slovakia will sign a nuclear power cooperation agreement with the United States next week, as the country progresses toward a deal to construct a new nuclear power unit with American assistance. Currently, Slovakia operates five nuclear reactors across two plants and has been negotiating...

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