Infrastructure is destiny: How grids, pipelines and bottlenecks create price signals
Energy markets are often analysed as abstractions: prices, curves, spreads, marginal costs. Infrastructure appears in these models as a constraint, […]
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
Trading energy in a system under stress: Portfolios, hedging, and survival in a multi-fuel market
Energy trading was once about exploiting inefficiencies. Price differences across regions, fuels, or time horizons were treated as opportunities for
Flexibility as the new currency: Why speed, storage, and response matter more than capacity
For decades, energy economics was built around capacity. Installed megawatts, pipeline diameters, storage volumes, and reserve margins were treated as
The invisible hand of oil: Logistics, refineries, and the hidden drivers of power and gas prices
For much of the past two decades, oil was treated as a declining force in Europe’s electricity story. As power
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.
Europe’s variable power system: How wind, solar and nuclear reshaped electricity flows from the EU core to southeast Europe
For most of the past half-century, Europe’s electricity system could be understood through a relatively simple lens. Power was generated
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
Hungary: HUPX electricity prices rise in November 2025 as day-ahead volume hits 2.76 million MWh
The average electricity price on the day-ahead market (DAM) of the Hungarian energy exchange HUPX reached 124.35 euros/MWh in November
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