europe

Volatility is no longer cyclical: How shocks now propagate across Europe’s energy system Read More »

Volatility is no longer cyclical: How shocks now propagate across Europe’s energy system

For much of Europe’s post-liberalisation energy history, volatility was understood as a cyclical phenomenon. Prices rose and fell in response to identifiable triggers: cold winters, supply outages, geopolitical events, or demand surges. These episodes were disruptive but temporary. Once the shock passed, markets reverted to a familiar equilibrium, and volatility receded. Risk management, regulation, and […]

Flexibility without reward: Why southeast Europe balances Europe’s power system but captures none of the value Read More »

Flexibility without reward: Why southeast Europe balances Europe’s power system but captures none of the value

In the emerging architecture of Europe’s electricity system, flexibility has become the most valuable attribute a power asset can possess. The ability to ramp output quickly, absorb surplus generation, stabilise frequency, or respond to sudden imbalances now matters more than raw installed capacity. Yet while flexibility has become scarce, it has not become fairly priced.

Europe’s variable power system: How wind, solar and nuclear reshaped electricity flows from the EU core to southeast Europe Read More »

Europe’s variable power system: How wind, solar and nuclear reshaped electricity flows from the EU core to southeast Europe

For most of the past half-century, Europe’s electricity system could be understood through a relatively simple lens. Power was generated close to where it was consumed, national systems were planned around predictable baseload plants, and cross-border flows played a supporting role rather than defining market outcomes. Electricity prices reflected domestic generation costs, demand patterns were

Europe: Gas prices near €27/MWh amid record LNG imports and geopolitical shifts Read More »

Europe: Gas prices near €27/MWh amid record LNG imports and geopolitical shifts

During mid-December 2025, European natural gas prices continued their downward trajectory, approaching around €27/MWh, near levels not seen since early 2024. Despite minor daily upticks, this reflects a 10.10% decline over the past month, a 33.46% drop compared to December 2024, and a year-to-date fall of roughly 45%. Remarkably, prices have plummeted more than 90%

Europe: EU renewable energy hits nearly 50% of electricity production as solar and wind lead growth Read More »

Europe: EU renewable energy hits nearly 50% of electricity production as solar and wind lead growth

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

2030–2035 scenario annex: Gas prices, CBAM and export margins Read More »

2030–2035 scenario annex: Gas prices, CBAM and export margins

Scenario one: High volatility, tight LNG markets In a scenario characterised by global LNG tightness, regulatory uncertainty, and persistent geopolitical risk, European gas prices remain volatile with frequent spikes. Average prices may moderate, but extreme events become more common. Under this scenario, Serbian exporters without flexibility face chronic margin pressure. Steel and ceramics suffer the

error: Content is protected !!
Scroll to Top