Bosnia and Herzegovina’s state-owned power utility Elektroprivreda Republike Srpske (ERS) has launched a new procurement procedure to assess the possible expansion of the Visegrad hydropower plant, focusing on the installation of an additional generating unit. The tender was published through its subsidiary Hidroelektrane na Drini and includes the preparation of a conceptual design and a […]
Europe cuts the cord as Russian gas exports collapse to 1970s levels Read More »
Russian natural gas deliveries to European markets collapsed in 2025, plunging by roughly 44% compared with the previous year and hitting their lowest level since the mid-1970s. This historic decline followed the shutdown of the Ukrainian transit corridor in January and the European Union’s accelerating campaign to phase out Russian fossil fuel imports. Earlier this
Carbon trading and green certificates are becoming the next decisive cost and competitiveness variables for South-East European energy systems and Serbia’s industrial base, sitting alongside CBAM, electricity pricing and decarbonisation CAPEX as core elements of the new regional market architecture. What was once a technical policy theme has now become a financial reality. Carbon prices,
Industrial electricity prices in South-East Europe in 2025 and outlook for 2026 Read More »
In 2025 industrial electricity prices across South-East Europe have stabilised into a narrower and more predictable corridor than during the crisis years, but they remain structurally higher than the pre-2021 baseline. For most South-East European markets, large industrial buyers are paying all-in electricity prices generally in the 95 to 130 euros per MWh band, depending
By 2025 South-East Europe’s electricity market has turned into a dense web of cross-border flows where almost every country is simultaneously an importer and an exporter, often within the same day. Annual balances, hourly flows and price patterns show a region that is no longer a peripheral appendage to the core EU market but an
Carbon Border Adjustment Mechanism is about to turn from a regulatory acronym into a direct price signal that reshapes capital investment for South-East European power utilities and coal-fired thermal plants. From 2026, electricity imported into the European Union will carry a carbon cost that mirrors the EU emissions trading price. For non-EU countries in the
While hydropower determines how fat the margins are in wet years, coal and lignite still determine whether the lights stay on at scale in much of South-East Europe. Serbia, Bosnia and Herzegovina, Bulgaria, Greece, Romania and North Macedonia all continue to rely on coal-fired thermal power plants (TPPs) for a substantial share of baseload. Behind
Hydropower is still the quiet balance-sheet engine of the South-East European power system. While wind and solar dominate headlines, it is the big river cascades, mountain reservoirs and ageing dams that decide whether utilities report record profits or scramble for imports at thin margins. Across Serbia, Montenegro, Bosnia and Herzegovina, Albania, North Macedonia, Croatia, Romania,
The narrative of EPS’s financial and operational stabilisation is inseparable from the utility’s evolving capital-expenditure (CAPEX) and financing strategy. After years of emergency borrowing, reactive repair spending and short-tenor loans, EPS is now managing a deliberate, long-horizon investment pipeline totalling several billion euros. These investments are structured not as ad-hoc line items but as a
Elektroprivreda Srbije (EPS) today stands as the central pillar of Serbia’s energy system, emblematic of the transition from crisis-mode operations to stable, strategic utility performance underpinning macroeconomic stability, export earnings and industrial competitiveness. After the volatility of the early 2020s — characterised by deteriorating hydrology, rising import requirements and high European wholesale prices — EPS
