Nearly half of the electricity produced across the European Union now comes from renewable sources, marking another step forward in the bloc’s energy transition. During the third quarter of 2025, clean energy accounted for 49.3% of net electricity generation, improving on the 47.5% recorded in the same period last year, according to Eurostat data. The […]
Region: Hungary leads EU in Russian gas imports as TurkStream flows rise in 2025 Read More »
Hungary significantly increased its import of Russian natural gas in 2025, strengthening its position as the leading importer among European Union member states. According to Eurostat data covering the period from January to October, Hungarian purchases grew by around 15% compared with the previous year. In value terms, Hungary ranked first among EU buyers of
Why SEE industry buys electricity from systems it does not control Read More »
For most industrial buyers in South-East Europe, electricity procurement still feels like a domestic decision. Contracts are signed locally. Power is delivered locally. Bills are paid locally. Yet the behaviour of electricity prices no longer reflects local conditions in any meaningful way. Industrial buyers across SEE increasingly purchase electricity from systems they neither see nor
Cross-border interconnections in South-East Europe were built to improve security of supply, smooth local imbalances, and enable regional trade. For years, they largely fulfilled that role. Flows were slow, predictable, and stabilising. Imports covered outages. Exports absorbed surplus. Price differentials narrowed gradually. That function has changed. In today’s SEE power system, interconnectors no longer primarily
Baseload in South-East Europe did not disappear suddenly. It has been eroding quietly, unevenly, and often invisibly, masked by legacy assumptions about system stability. For years, coal and large hydro units continued to anchor prices, absorb volatility, and provide inertia even as renewable capacity expanded. That buffering role is now breaking down, and its loss
Wind power occupies a fundamentally different position in the South-East Europe electricity system than solar, and it is often misunderstood for that reason. While solar reshapes prices in a predictable intraday pattern, wind introduces discontinuity. Its defining characteristic is not abundance or cheap energy, but uncertainty. In a coupled regional system, that uncertainty does not
When one country builds solar, everyone pays: The spillover effect across SEE Read More »
Solar power has become the most misunderstood structural force in the South-East Europe electricity market. It is still discussed primarily as a national policy success — installed capacity, renewable targets, cheaper power, decarbonisation progress. In reality, once solar reaches meaningful scale inside a coupled regional grid, it stops behaving as a national asset altogether. It
The SEE power system: Interdependence, volatility and the end of isolation Read More »
The South-East Europe (SEE) electricity market has evolved from a loosely connected collection of national grids into a highly interdependent, volatility-driven system. Once considered a stable region with predictable energy flows and price patterns, SEE is now experiencing the growing pains of renewable energy integration, baseload erosion, and cross-border spillover effects. This transformation is not just
The industrial power playbook for SEE, 2026–2035 Read More »
The energy landscape in South-East Europe is undergoing an irreversible transformation. As the region moves towards a decarbonised, solar and wind-dominated grid, industrial buyers are faced with a set of risks and opportunities unlike any they have encountered before. Power procurement has become a strategic discipline, requiring companies to rethink their approach not just to cost
The rise of firmed PPAs: How SEE markets are repricing reliability Read More »
As volatility becomes structural across South-East Europe, a quiet but decisive shift is taking place in how power contracts are designed. The era of simple, energy-only PPAs is giving way to a more complex contractual landscape in which reliability itself is being priced. Firmed PPAs sit at the centre of this shift. They do not promise
