Recent rainfall has significantly improved hydrological conditions at the Bileca lake, lifting water levels well above planned benchmarks and strengthening […]
Competitiveness in South-East Europe’s energy-intensive economy is no longer determined by average electricity prices or by the headline cost of
Carbon convergence across Europe is widely framed as a force that will marginalise gas over time. In South-East Europe, the
In South-East Europe, most of the meaningful volatility is not created in outright gas markets or in flat power positions.
Industrial gas contracting in South-East Europe has entered a regime where electricity risk, not gas price risk, is the dominant cost
Gas-fired generation in South-East Europe no longer earns its keep by running often. It earns it by being there when nothing
In mature power systems, electricity prices tend to track gas costs with reasonable consistency. Gas may not always be marginal,
In South-East Europe, gas does not merely influence electricity prices through marginal cost. It multiplies volatility by interacting with structural congestion in
Gas storage in South-East Europe is still widely discussed as a question of how much gas is in the ground. Markets, however,
Liquefied natural gas is widely perceived as the ultimate backstop for gas-constrained power systems: flexible, global, and theoretically unconstrained by
The same gas shock produces very different electricity outcomes depending on where it lands. In Central Europe, gas price movements
In South-East Europe, the most disruptive electricity price events are rarely explained by movements in the Dutch TTF benchmark alone.
