Tuesday, 26 November 2019

Croatia's Electricity, Gas Prices Slightly up in H1

ZAGREB, November 26, 2019 - In the first half of 2019, average household electricity prices in the European Union increased slightly compared with the first half of 2018, while gas prices were stable, Eurostat said on Tuesday. In Croatia, the prices of both increased slightly.

In the first half of 2019, average household electricity prices in the EU stood at 21 euro per 100 kWh. Average gas prices stood at 6 euro per 100 kWh.

Taxes and levies accounted for 37% of the electricity bills. For gas bills, the corresponding share was 27%.

Between the first half of 2018 and the first half of 2019, the largest decreases in household electricity prices, in national currencies, were observed in Denmark (-4.3%) and Portugal (-4.1%), followed by Poland (-3.1%) and Greece (-1.3%).

The largest increase was registered in the Netherlands (+20.3%), ahead of Cyprus (+16.4%), Lithuania (+14.4%) and Czechia (+12%).

In Croatia, the household electricity price in the first half of 2019 was 13.21 euro per 100 kWh, up 0.8% on the year. Taxes and levies accounted for 22% of the electricity bills.

Between the first half of 2018 and the first half of 2019, the largest decreases in household gas prices, in national currencies, were observed in Denmark (-1.7%), Hungary (-1.6 %) and Austria (-1.3 %).

In Croatia, the average household gas price was €3.75% per 100 kWh, up 2% from the first half of 2018. Taxes and levies accounted for 20% of the gas bills.

More energy news can be found in the Business section.

Thursday, 6 December 2018

3.6 Billion Kuna Invested in Hydropower Plants in Croatia

 ZAGREB, December 6, 2018 - The national power provider HEP is implementing a large-scale investment cycle that includes 3.6 billion kuna worth of investment in revitalising hydropower plants in Croatia, which will contribute to GDP growth, Prime Minister Andrej Plenković said in Ozalj on Thursday at a ceremony marking the launch of power generator B at the Ozalj 1 hydropower plant on the Kupa river.

The new power generator was added to the plant which is marking the 110th anniversary of its existence.

HEP has so far invested 1.4 billion kuna and will invest an additional 2.2 billion kuna over the next 10 years, the prime minister said at the ceremony in Ozalj, 50 kilometres south of Zagreb.

Plenković said that the upgrade work on this power plant was worth 60 million kuna and would prolong the plant's working life.

"Croatia wants to strengthen its hydropower capacity and continue this trend in the coming years, which is also excellent on the European level. We have already met the EU target for 2030 regarding energy from renewable sources," the prime minister said.

In 2014, EU member states agreed on a new renewable energy target of at least 27% of the EU’s final energy consumption by 2030, as part of the EU's energy and climate goals for 2030.

Speaking of HEP's investment cycle and its contribution to national economic growth, Plenković said that when it came to "the strategic triangle: fiscal consolidation, structural reforms and investment, emphasis should be put on investment as the driver of growth and development and eventually employment."

HEP management board chairman Frano Barbarić said that the company would further develop itself in the production of electricity from renewables.

He recalled the company's project of the construction of a solar power station on the northern Adriatic island of Cres, the first in a series of planned power plants to run on solar power and other renewables.

At a contract-signing ceremony on Cres in late June, Brbarić said then that by 2050 HEP would produce 70% of electricity from renewable resources.

The power plant will be built on an area of 17 hectares and will have a capacity of 6.5 megawatts. That is 6.5 times more than the largest existing plant of this type in the country. It will produce an average of 8.5 million kilowatt hours a year, which is approximately the consumption of 2,000 households.

For more on renewable sources of energy in Croatia, click here.

Tuesday, 7 November 2017

Peruća Gas Power Plant Project Suspended

Split-Dalmatia County has decided to suspend the controversial project.

Thursday, 31 August 2017

Increased Electricity Prices to Make Everything More Expensive

Average household electricity bills will be higher by about 250 kunas a year.

Wednesday, 30 August 2017

Electricity Prices to Increase

The decision is expected to be made by the government at tomorrow’s session.

Monday, 27 February 2017

Market Liberalization to Cause Wave of Price Increases

Electricity, gas, motorway tolls.... wave of price increases coming soon.

Saturday, 24 December 2016

Electricity Prices Will Not Go Up

Prime Minister Plenković brings another holiday present to Croatians.

Sunday, 25 September 2016

Electricity Prices to Probably Increase Next Year

Despite promises by Economy Minister Panenić, prices are likely to go up.

Thursday, 17 September 2015

A New Player on the Croatian Electricity Market

Tired of HEP? A new electricity supplier on the Croatian market.