Carbon convergence as a timing risk in South-East European power trading
Carbon convergence has become the most consequential timing risk in South-East European power trading. Direction is broadly agreed: carbon costs […]
SEE
The structural mismatch between system value and market remuneration
South-East Europe’s power markets are increasingly characterised by a widening gap between where system value is created and where revenue is actually captured.
Flexibility assets as regional trading instruments rather than national arbitrage tools
Flexibility assets in South-East Europe are no longer best understood as domestic arbitrage machines smoothing hourly price curves. They are
Congestion-driven volatility and the reordering of regional price hierarchies
South-East Europe’s power markets are undergoing a quiet but decisive reordering in which congestion, rather than generation cost, increasingly determines
Winter stress events as continental trading events
Winter stress events have evolved from regional anomalies into continental trading events that simultaneously reshape demand, supply, and transmission conditions
Declining inertia and the structural repricing of balancing and intraday markets
The repricing of South-East Europe’s power markets is increasingly driven not by energy scarcity but by the erosion of system
Transmission corridors as the real price-setting assets of South-East Europe
In South-East Europe, transmission corridors have overtaken generation assets as the primary determinants of price formation. While installed capacity figures
Cross-border interdependence as the dominant trading constraint in South-East Europe
South-East Europe has crossed a structural boundary where national supply–demand balances no longer determine market outcomes on their own. Power
Coal phase-out as a cross-border shock to power trading dynamics
Coal phase-out in South-East Europe is often discussed as a domestic policy pathway, a sequence of unit closures aligned with
SEE’s shrinking dispatchable core and the repricing of regional power risk
South-East Europe is undergoing a structural transformation that is not yet fully reflected in headline adequacy statistics but is already
Serbia versus Romania: How coal retirements are redrawing regional power flows
The divergence between Serbia and Romania in the 2025–2028 period marks one of the most consequential structural shifts in South-East
SEE power trading prices in 2026: A fuel-CO₂-hydro model for thermal dispatch, cross-border spreads and coal supply risk
South-East Europe’s 2026 power price formation will be dominated by a three-variable stack that has become more binding than any