Tag: SMP

Exploration permit for 1-25 Vratsa-West block awarded to SPM – Bulgaria, 20 March 2019

Bulgarian Government said that it has awarded a five-year oil and gas exploration license for onshore 1-25 Vratsa-West block, located in the northwestern part of the country, to SPM Bulgaria. The statement from the Government said that SPM Bulgaria will invest 7.4 million euros in exploration wor Full article available for subscribers of Energy NEWS […]

Increased hydro production slumped SMP – Greece, 9 March 2018

Due to heavy rainfall and melting snow, electricity production at hydropower plants owned by Greek state-controlled Public Power Corporation (PPC) has increased significantly in the past few days, which led to a decrease of system marginal price (SMP). It is estimated that water reserves at accumulations currently exceed the maximum level by some 15 % […]