SEE

Rising U.S. LNG dependence and how volatility travels into SEE gas markets Read More »

Rising U.S. LNG dependence and how volatility travels into SEE gas markets

The European Union’s growing dependence on U.S. LNG is often framed as a success story of diversification and energy security. For South-East Europe (SEE), however, this shift represents a more complex transformation — one that changes how volatility enters regional gas markets and how risk must be managed. U.S. LNG has become Europe’s dominant marginal […]

Methane regulation, U.S. LNG, and the growing policy risk premium for SEE gas markets Read More »

Methane regulation, U.S. LNG, and the growing policy risk premium for SEE gas markets

The emerging dispute between the United States and the European Union over methane-emissions regulation is often framed as a transatlantic regulatory disagreement. For South-East Europe (SEE), however, it represents something more immediate: a potential new policy-driven risk premium embedded in gas prices. The EU’s methane regulation seeks to impose strict reporting, monitoring, and mitigation requirements

Trading Southeast Europe’s power markets: A practical playbook for signals, timing, and risk Read More »

Trading Southeast Europe’s power markets: A practical playbook for signals, timing, and risk

Electricity trading in Southeast Europe (SEE) is no longer about forecasting average prices. It is about understanding when prices break away from expectations, where congestion appears before it is visible in spot markets, and how volatility migrates across borders. Traders who still approach SEE with a baseload-import-versus-export mindset are systematically mispricing risk. Those who treat

Spreads, congestion, and flexibility: Why SEE has become Europe’s real power trading arena Read More »

Spreads, congestion, and flexibility: Why SEE has become Europe’s real power trading arena

Electricity trading in Southeast Europe (SEE) has entered a new phase. The region is no longer defined by static net import or export positions, nor by simple convergence toward EU benchmarks. Instead, SEE has become Europe’s most dynamic trading arena—a zone where spreads, congestion, and flexibility determine value far more than average price levels. The

Grid-connection and flexibility reform as the real catalyst of SEE marketintegration Read More »

Grid-connection and flexibility reform as the real catalyst of SEE marketintegration

Much of the debate around Southeast Europe (SEE) electricity market integration focuses on trading platforms and regulatory alignment. Yet the true catalyst lies elsewhere: grid connection rules and flexibility access. Without reform in these areas, convergence remains superficial, and volatility migrates rather than resolves. Across SEE, grid connection queues are long, opaque, and biased toward

CEE–SEE cross-border capacity auction reversals and what traders should readfrom them Read More »

CEE–SEE cross-border capacity auction reversals and what traders should readfrom them

Recent reversals in cross-border capacity auction prices between Central and Southeast Europe have drawn close attention from market participants. Annual and monthly auction outcomes on corridors linking Hungary, Romania, Bulgaria, Greece, Croatia, and Serbia are no longer moving in predictable directions. For SEE traders, these reversals are not anomalies; they are early warnings of deeper

EU efforts to reduce electricity price discrepancies and why SEE spreads will notdisappear Read More »

EU efforts to reduce electricity price discrepancies and why SEE spreads will notdisappear

The European Union’s renewed political focus on reducing electricity price discrepancies between member states is often framed as a corrective to market fragmentation. In Southeast Europe (SEE), however, this agenda requires caution. While average prices may converge over time, the structural drivers of volatility and spreads across Serbia, Hungary, Romania, Bulgaria, Greece, and the Western

Battery storage economics under EU market reform and spillover effects in SEE Read More »

Battery storage economics under EU market reform and spillover effects in SEE

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

Europe’s shift to 15-minute electricity trading and what it changes for SEE power markets Read More »

Europe’s shift to 15-minute electricity trading and what it changes for SEE power markets

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.

How SEE electricity spreads shape Serbia’s industrial margins: A 2026–2030 competitiveness map Read More »

How SEE electricity spreads shape Serbia’s industrial margins: A 2026–2030 competitiveness map

Serbia’s industrial competitiveness is increasingly shaped not by domestic conditions alone but by regional electricity spreads across Southeast Europe. The price difference between Hungary’s HUPX, Romania’s OPCOM, Bulgaria’s IBEX, Greece’s ADEX and Serbia’s SEEPEX sets the backdrop against which Serbian exporters operate. These spreads influence cross-border flows, industrial tariffs, PPA affordability and the financial feasibility

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