The resurgence of gas trading volumes across Europe signals more than renewed market liquidity. It underscores a deeper reconnection between gas and power prices—a linkage with direct consequences for Southeast Europe (SEE), where gas often sets the marginal price during stress periods despite relatively low average usage. In Central and Western Europe, gas trading liquidity […]
Europe’s electricity trade balance is undergoing a quiet but profound transformation. Traditional exporters and importers are redefining their roles as renewable penetration, nuclear availability, and demand patterns shift. Within this reshuffling, Southeast Europe (SEE) is no longer a peripheral zone; it is becoming a structural balancing region, linking Central Europe, the Mediterranean, and the Western
Battery storage economics under EU market reform and spillover effects in SEE Read More »
Battery storage is emerging as one of the clearest winners of Europe’s evolving power market design. While attention often focuses on Germany, the Netherlands, or the UK, the spillover into Southeast Europe may be equally transformative, particularly for Hungary, Romania, Greece, and indirectly, Serbia and Bulgaria. The shift toward 15-minute settlement, combined with volatile renewable
EU electricity market overhaul and its structural consequences for SEE priceconvergence Read More »
The European Union’s electricity market reforms are often framed as a response to price volatility and political pressure. For Southeast Europe (SEE), however, the reforms serve as a long-term convergence engine, gradually reshaping how Serbia, Bulgaria, Romania, Greece, and neighbouring markets align with the EU core. The question for the region is not whether convergence
Europe’s transition from hourly to 15-minute market time units is often presented as a technical reform designed to better reflect renewable generation. For Southeast Europe, however, the move represents something far more consequential: a structural change in how price signals, cross-border flows, and trading strategies form across Serbia, Hungary, Romania, Bulgaria, Greece, and their neighbours.
European natural gas prices continued their downward trend heading into mid-December 2025, nearing €27/MWh, marking a new low since April 2024. This follows a decline of more than 7% in November, extending the year-to-date drop to around 45% and a fall of over 90% from the record highs reached during the 2022 energy crisis. TTF
In the first week of December, Brent oil Front Month futures on the ICE market reached their weekly minimum settlement price of $62.45/bbl on Tuesday, December 2, the lowest level since October 22. Prices then recovered, with the weekly maximum hitting $63.75/bbl on Friday, December 5, 0.9% higher than the previous Friday. After a 2.0%
In the first week of December, average electricity prices fell in most major European markets compared to the previous week. The exception was the Nord Pool market of the Nordic countries, which saw a 20% increase. The Italian IPEX market registered the smallest decline at 0.4%, while France’s EPEX SPOT market experienced the largest drop,
In the first week of December, electricity demand increased in most major European markets. The Belgian market saw the largest rise at 6.2%, followed by a 0.9% increase in Great Britain. Both markets reversed the downward trend observed the previous week. In Germany, Italy, Portugal, and Spain, demand rose between 0.2% in Germany and 0.6%
In the week of December 1, solar photovoltaic (PV) energy production in the German market increased by 8.7% compared to the previous week. In contrast, the markets of Italy, France, and the Iberian Peninsula recorded declines for the second consecutive week. The Portuguese market experienced the largest drop at 33%, followed by a 27% decrease
