Gas Industry

Hungary emerges as a regional gas hub amid rising cross-border flows Read More »

Hungary emerges as a regional gas hub amid rising cross-border flows

Hungary’s natural gas sector is undergoing a structural shift, moving beyond its traditional role as a consumption market and increasingly acting as a regional gateway for gas flows. A new analysis by the Oeconomus Economic Research Foundation highlights a sharp rise in both cross-border imports and exports, reinforcing the country’s position as a transit and […]

Greece: Wind energy sector rebounds in 2025 amid renewed investment Read More »

Greece: Wind energy sector rebounds in 2025 amid renewed investment

After a challenging 2024, Greece’s wind energy sector returned to a more stable growth path in 2025, with new capacity additions broadly aligning with the average pace seen over the past decade. Industry data indicate that investment activity picked up again, signaling a recovery for one of the country’s key renewable technologies. According to figures

Croatia: Largest solar plant nears completion, boosting renewable capacity Read More »

Croatia: Largest solar plant nears completion, boosting renewable capacity

The construction of Croatia’s largest solar power plant has entered its final stage, with the installation of roughly 160,000 photovoltaic panels completed at the beginning of January. Located next to HEP’s existing Korlat wind farm, the project represents a major milestone in the country’s renewable energy expansion. With an installed capacity of 99 MW, the

Croatia energy update: November 2025 electricity and hydrocarbon production Read More »

Croatia energy update: November 2025 electricity and hydrocarbon production

According to short-term energy statistics published by the Croatian Bureau of Statistics, net electricity production in Croatia in November 2025 amounted to 1,256 GWh, a slight decrease of 0.6 % compared to 1,264 GWh in November 2024. During the month, hydropower plants generated 480 GWh (38.2 %), thermal power plants produced 349 GWh (27.8 %),

Bulgaria: Wabi-Sabi solar project advances amid local opposition Read More »

Bulgaria: Wabi-Sabi solar project advances amid local opposition

A large-scale solar power project in northern Bulgaria has entered its implementation phase after environmental regulators approved the early execution of its environmental clearance, a move that has sparked opposition from local community groups. The regional branch of the Ministry of Environment and Water authorized the project’s environmental assessment to take effect immediately, citing its

Exporting volatility: How SEE power risk is absorbed by core EU markets Read More »

Exporting volatility: How SEE power risk is absorbed by core EU markets

South-East Europe’s electricity markets do not exist in isolation. By 2025, they were tightly interwoven with Central and Western Europe through physical interconnectors, price coupling, and financial hedging flows. This integration brought efficiency and transparency, but it also created an asymmetric outcome: SEE increasingly exported volatility, while core EU markets absorbed it. The mechanism was subtle

Why intraday liquidity growth did not reduce long-term power risk Read More »

Why intraday liquidity growth did not reduce long-term power risk

By the end of 2025, South-East Europe could point to an undeniable achievement. Intraday electricity trading volumes across the region had reached levels that would have seemed unattainable only a few years earlier. Record after record was set, particularly in Bulgaria, Hungary, Romania, and Serbia. Market operators and policymakers often presented this surge as evidence

What “fully hedged” really meant for SEE industrial buyers in 2025 Read More »

What “fully hedged” really meant for SEE industrial buyers in 2025

In boardrooms across South-East Europe, 2025 delivered an uncomfortable realisation. Many industrial consumers entered the year believing their electricity exposure was under control. Hedge ratios approached 100 %, forward contracts were in place, and budgets appeared secure. Yet when delivery concluded and financials were reviewed, results told a different story. Portfolios labelled “fully hedged” had still

OPCOM and IBEX: Strong price formation, weak risk absorption Read More »

OPCOM and IBEX: Strong price formation, weak risk absorption

By 2025, Romania and Bulgaria stood out in South-East Europe for one specific reason: they had achieved scale in spot electricity trading that many neighbouring markets could not match. Monthly volumes on both exchanges regularly reached terawatt-hour levels, anchoring price discovery across the eastern Balkans. Yet this success masked a fundamental weakness. Despite impressive turnover,

SEEPEX futures after 2025: Progress without critical mass Read More »

SEEPEX futures after 2025: Progress without critical mass

The Serbian power market entered 2025 with a sense of momentum. Forward trading volumes had increased sharply, institutional participation had broadened, and futures contracts were firmly embedded in hedging practice. Yet beneath the positive trajectory lay a more sobering reality. Growth, while real, had not yet delivered critical mass. SEEPEX futures were improving, but they still could

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