By 2025 oil continues to shape key parts of South-East Europe’s energy and economic landscape. It remains critical for transport fuels, industrial feedstocks, backup power generation in price spikes and inflation dynamics. Unlike electricity and gas, oil systems in the region are almost entirely net import dependent, but the presence or absence of refining capacity, […]
By 2025 natural gas in South-East Europe is no longer only an energy commodity; it is a strategic risk variable, a price-setter for electricity in critical hours and a geopolitical transmission channel embedded directly in national economic stability. The region has diversified infrastructure, LNG access, interconnectors and reverse-flow capability far more than before 2022, yet
In 2025 nuclear energy remains the single most reliable anchor of baseload stability in South-East Europe. While solar and wind are rapidly reshaping the regional power profile, nuclear is what quietly keeps frequency stable, dampens volatility, underpins export surpluses in key systems and protects national balances from fuel price shocks. It is not expanding everywhere,
By 2025 wind power has become the quiet stabiliser of the South-East European electricity system. Unlike solar, which floods the grid in predictable daylight waves and collapses at sunset, wind delivers energy across the full 24-hour cycle, smooths residual demand, strengthens export capacity in key markets and materially reduces fuel and carbon exposure. It does
Industrial electricity prices in South-East Europe in 2025 and outlook for 2026 Read More »
In 2025 industrial electricity prices across South-East Europe have stabilised into a narrower and more predictable corridor than during the crisis years, but they remain structurally higher than the pre-2021 baseline. For most South-East European markets, large industrial buyers are paying all-in electricity prices generally in the 95 to 130 euros per MWh band, depending
By 2025 South-East Europe’s electricity market has turned into a dense web of cross-border flows where almost every country is simultaneously an importer and an exporter, often within the same day. Annual balances, hourly flows and price patterns show a region that is no longer a peripheral appendage to the core EU market but an
Carbon Border Adjustment Mechanism is about to turn from a regulatory acronym into a direct price signal that reshapes capital investment for South-East European power utilities and coal-fired thermal plants. From 2026, electricity imported into the European Union will carry a carbon cost that mirrors the EU emissions trading price. For non-EU countries in the
While hydropower determines how fat the margins are in wet years, coal and lignite still determine whether the lights stay on at scale in much of South-East Europe. Serbia, Bosnia and Herzegovina, Bulgaria, Greece, Romania and North Macedonia all continue to rely on coal-fired thermal power plants (TPPs) for a substantial share of baseload. Behind
Hydropower is still the quiet balance-sheet engine of the South-East European power system. While wind and solar dominate headlines, it is the big river cascades, mountain reservoirs and ageing dams that decide whether utilities report record profits or scramble for imports at thin margins. Across Serbia, Montenegro, Bosnia and Herzegovina, Albania, North Macedonia, Croatia, Romania,
If operational stability defines the present of South-East Europe’s electricity utilities, investment and financing define their future. Across the region, utility balance sheets are repositioning around large capital-expenditure programmes covering renewable generation, grid digitalisation, environmental compliance, flexible backup capacity and storage. The dominant source of capital is not speculative private finance but long-tenor, policy-aligned financing
