When gas balancing becomes a power-market problem
In a system where natural gas serves as the primary source of flexibility, balancing the gas network is no longer […]
SEE
Spark spread in practice: A SEE focus
In theory, the spark spread is a straightforward concept. It represents the margin between the price of electricity and the
Short-term disruptions, long-term consequences
Energy markets are often described as short-memory systems. Prices spike, conditions normalise, and attention moves on. This perception is increasingly
Volatility without borders
Volatility used to be treated as a market-specific phenomenon. Electricity was volatile because demand had to be balanced in real
When a shock in one market destabilises the entire chain
In an integrated energy system, shocks no longer respect sectoral boundaries. What begins as a local disruption, a technical failure,
South-East Europe as Europe’s stress test: What the region reveals about the energy transition
South-East Europe does not sit on the periphery of Europe’s energy system. It sits at its edge in a different
One energy system, three fuels: Why Europe no longer has separate power, gas, and oil markets
For most of the modern history of European energy policy, electricity, natural gas, and oil were treated as adjacent but
From power flows to industrial costs: How EU electricity volatility reshapes competitiveness in southeast Europe
For decades, electricity was treated by industry as a predictable input. Prices fluctuated within narrow bands, supply security was largely
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.
EU electricity under CBAM: Why Southeast Europe is structurally exposed
The inclusion of electricity in the European Union’s Carbon Border Adjustment Mechanism marks a quiet but profound shift in how
Why SEE industry buys electricity from systems it does not control
For most industrial buyers in South-East Europe, electricity procurement still feels like a domestic decision. Contracts are signed locally. Power
Cross-border flows and directionality: How interconnectors turned into volatility transmission lines
Cross-border interconnections in South-East Europe were built to improve security of supply, smooth local imbalances, and enable regional trade. For