Friday, June 5, 2020
World Environment Day (WED) is celebrated on 5 June every year, and is the United Nations' principal vehicle for encouraging awareness and action for the protection of our environment. This year’s theme is the protection of biodiversity – a concern that is both urgent and existential.
Tuesday, June 2, 2020
On June 1, the Institute of Energy for SE Europe (IENE) sent to its members its latest newsletter “Monthly Analysis” (Issue No. 310). The analysis focused on the coronavirus pandemic (COVID-19) and how it affects the energy sector in SE Europe, in terms of investments and potential impediments in the decarbonization process. The plunge in carbon prices, as a result of lower energy demand, indicates the obstacles that were caused by the coronavirus spread and may affect the recently launched European Green Deal.
Monday, June 1, 2020
The reduction of greenhouse gas emissions is one of the main challenges of our society towards more sustainable energy supply. Electricity generation from renewable resources represents a critical solution to tackle this problem.
Thursday, May 28, 2020
Since the start of the year a number of companies and organizations have joined the Institute as new corporate members. These include VTTI Vasiliko in Cyprus, a major oil storage group, EYDAP, the Athens Water Supply and Sewerage Company, EM Tech, a software space application company and Eurobank, a leading banking group with strong presence in Greece and SE Europe.
Wednesday, May 27, 2020
A wide ranging discussion on latest developments in the East Mediterranean gas markets will take place during IENE’s next Webinar scheduled for Friday, May 29. This latest IENE Webinar is part of a series which the Institute is organizing lately in order to examine the impact of the pandemic on energy markets including oil, natural gas, electricity and renewables with the participation of well-known experts, academics and industry executives.
Monday, May 25, 2020
As governments went ahead and enforced the lockdown of whole cities and countries across the globe over the last three months, in a desperate attempt to contain the coronavirus pandemic, business and scientific communication rapidly changed tack and switched into digital mode. Increased use of the internet, social media and the rise of webinars and teleconferencing became the main tools for the promotion of public debate as face-to-face meetings, social gatherings and conferences were scrapped from day one.
Tuesday, May 19, 2020
Last week (15/5) the Institute send out to its members its latest "Geopolitics Bulletin" (No. 15) which is the product of consultation and analysis carried out by its "Energy & Geopolitics" Committee under the chairmanship of IENE' partner, Mr. Christos Dimas. The Bulletin is edited by a long time associate of the Institute, Mr. John Psaropoulos.
Wednesday, May 13, 2020
According to IENE's latest SEE Electricity Market Analysis ( issue no 80 released on May 12) Public Power Corporation, Greece's incumbent electricity company, has failed for the first time ever to provide the local pool system with any lignite produced electricity for an entire week. As the IENE Bulletin points out " most notably, PPC's lignite fired generating units, having operated with a particularly high and non-competitive production cost, were thrown out of the dispatching schedule during Week 19.
Friday, May 8, 2020
In the “Oil Watch” section of this week’s EWR, published by IENE, special mention is made on the key role the role and absolute need of maintaining adequate storage for crude and oil products.
More specifically IENE’s latest newsletter refers to IEA’s findings on the role of oil storage during the current oil industry crisis. The need for production cuts was outlined in IEA's latest Oil Monthly Report (April 2020) on account of the limited storage available worldwide.
Thursday, May 7, 2020
Last month, IENE completed a major study on “The Integrated Electricity Markets in Greece and SE Europe, the Role of the International Electricity Interconnections and the Impact on Industry”. The main objective of this multi-client study was to analyze the framework within which energy-intensive industries in Greece and SE Europe will perform in the years ahead in view of the implementation of the Target Model in Greece, now slated for fall this year. This study was undertaken by IENE upon the request of a group of energy intensive industries in the region which wanted to ascertain how wholesale and retail electricity prices are to shape in the years ahead, following full market coupling in the region.
Wednesday, April 29, 2020
On April 28 the Institute sent to its members its latest bimonthly newsletter “Market Fundamentals and Prices” (Issue No. 307), which covers the period of March-April 2020. This newsletter contains comprehensive information on global and regional prices and trends for crude oil and petroleum products, natural gas, electricity, coal and emissions. “Market Fundamentals and Prices” also includes useful data and analyses of SE European energy markets, especially during this historical junction following the coronavirus outbreak.
As usual the current issue of “Market Fundamentals Prices“ contains a wealth of information including a copious reporting of the current oil market disruption, oil prices review (both international and retail in SE Europe) regional electricity wholesale prices, regional gas prices for pipeline gas and LNG, coal prices and carbon emissions.
Monday, April 27, 2020
n the latest "IENE News" newsletter (Spring-Fall 2019, Isssue No.7) which was released on April 24 a thorough review is made of the Institute's activities for most of last year.
As noted in the Editorial " Apart from organising a diverse programme of conferences and workshops in Greece and in several other European countries (14 events in all) the Institute managed to broaden its activities further by conducting a series of high level educational courses addressed to business executives and professionals while it strengthened its research and study capabilities. At the same time the IENE strived to upgrade and enrich its regular and ad hoc information output, mainly addressed to its members, and which consists of well researched and highly topical newsletters and monographs. In short 2019 proved to be a bumper year!"
Thursday, April 16, 2020
Earlier this year, IENE introduced a series of Fact Sheets which aim to present in a comprehensive yet concise manner a broad range of subjects related to the energy sector in SE Europe. Following the publication last January of the first two Fact Sheets on SEE Gas Markets, the Institute has just released three new Fact Sheets on electricity markets and infrastructure. The first one covers Electricity Markets in general, the second one is concerned with the region’s Electricity Exchanges and the third one focuses on the region’s Electricity Infrastructure. The access to the Electricity Fact Sheets is free through this site on the following links: https://www.iene.eu/articlefiles/iene_electricity_3.pdf, https://www.iene.eu/articlefiles/iene_electricity_4.pdf & https://www.iene.eu/articlefiles/iene_electricity_5.pdf).
Wednesday, April 15, 2020
As reported in IENE’s latest SEE Electricity Market Analysis which was sent to members on April 14, electricity demand throughout SE Europe during Week 15 kept sliding following the broadening of the coronavirus quarantine measures and the significantly warmer weather with plenty of sunshine across the region. Wholesale electricity prices fell in all regional markets, converging at 25 €/MWh, an 18 month low, affected by the slight decline in electricity prices in the spot markets of Central Europe, which receded as a result of very low wholesale prices in the French spot market (14.43 €/MWh). Electricity demand receded in all systems, but was most notably limited in Turkey, Hungary, Serbia, Croatia and Romania due to the tightening of quarantine measures, as most of the above countries had yet to significantly curtail their economic activity.
Thursday, April 9, 2020
Now in its fourth week in lockdown conditions the Institute continues to function on a daily basis producing much needed information and analysis on the energy sector and SE Europe's energy markets in particular.
Apart from a skeleton staff operating out of IENE's offices in central Athens all its researchers and analysts operate from home and are in regular touch with each other and with the management through e mail and Skype. This has enabled the Institute to carry on with its research and studies but also focus on the preparation and production of its regular information feed.
Tuesday, March 31, 2020
On March 30, the Institute of Energy for SE Europe (IENE) sent to its Members and Associates its latest monthly analysis which deals with the repercussions of COVID-19 on the global energy markets, highlighting the case of SE Europe. As one country after another are in “lockdown”, the economic effects of the coronavirus are preceeding the spread of the virus itself, with financial markets swinging wildly, companies closing offices or asking employees to work from home in affected areas, and throttling air travel across the globe. Consequently, there are serious repercussions on global energy markets, including SE Europe. The effects of the coronavirus on renewable energy, electric vehicles and oil and gas are all coming into sharper focus in recent days.
Monday, March 30, 2020
In light of latest developments in relation to Covid-19 and efforts around the world and the EU in particular to control its spread, the Institute has already taken (since March 14) a number of measures to safeguard the health and well being of its staff and external associates as well as the community. At the same time IENE continues to provide uninterrupted, as far as possible, services to its members and partners.
Thursday, March 26, 2020
We wish to bring you up to date concerning IENE’s forthcoming major regional event, the 12th SE Europe Energy Dialogue (SEEED). The SEEED was originally planned to be held on June 25/26, 2020. However, in view of the unfortunate circumstances surrounding the Coronavirus epidemic and the drastic measures now taken in most countries in order to contain it, IENE has no choice but to fully revise its plans for conferences and other meetings for the rest of the year. Although, on the strength of current medical assessments, the epidemic may well be over by early May, IENE’s management believes that working conditions across Europe will not be back to normal by June. Hence, it has been decided to postpone the 12th SEEED for next fall with most likely dates being October 22 and 23, 2020.
Friday, March 20, 2020
On March 16 the Institute send out to its members the latest issue (No.6) of the " Electric Mobility Update" newsletter which is prepared and edited by Alexandros Perellis, IENE's Research Associate who follows closely market and technology developments in the electric vehicle market.
Monday, March 16, 2020
In view of the measures taken by the Greek government to prevent the spread of coronavirus (COVID-19) and in the context of the overall effort to curtail the spread of the virus, IENE has revised its programme of events for the entire year, while some of its events may be cancelled altogether. The events planned for March, April and May will be postponed for the second half of the year, or early in 2021.
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