A large solar power plant in southern Romania has taken its final regulatory step toward commissioning after receiving a commercial operating license from the national energy regulator. The 135 MW project, located in the Oltenia region, is backed by a shareholder structure led by Chinese state-owned energy group China Huadian. With this license in place, […]
Croatian Prime Minister Andrej Plenkovic stated that the planned transaction between Hungarian MOL and Russian GazpromNeft over the sale of a majority stake in Serbian NIS is expected to have a positive short-term impact on the pipeline operator JANAF. However, he cautioned that the longer-term effects remain uncertain and will require ongoing dialogue with MOL
Region: MOL-GazpromNeft deal could restore NIS supplies, Rijeka refinery safe for now Read More »
HROTE, ENNA Next, and INA announce new Guarantees of Origin (GOs) auctions scheduled for 28 January 2026. The auctions will feature GOs from wind, solar, and biogas sources. HROTE will offer a total of 208,744 guarantees of origin for electricity produced under the incentive system on CROPEX’s IT trading platform, specifically: ENNA Next will sell
Croatia: HROTE, ENNA Next, INA launch GOs auctions on CROPEX for wind, solar and biogas Read More »
Recent rainfall has significantly improved hydrological conditions at the Bileca lake, lifting water levels well above planned benchmarks and strengthening expectations for solid electricity production this year. The reservoir now stands four meters higher than projected, creating favorable conditions for hydropower output. According to officials from “Hidroelektrane na Trebisnjici” (HET), the year has started on
Competitiveness in South-East Europe’s energy-intensive economy is no longer determined by average electricity prices or by the headline cost of fuels. It is determined by how systems behave under stress, and by which countries, companies, and sites can absorb that stress without catastrophic price outcomes. In that environment, gas remains the decisive variable—not because it dominates
Why gas still decides competitiveness in South-East Europe Read More »
Carbon convergence across Europe is widely framed as a force that will marginalise gas over time. In South-East Europe, the opposite effect dominates the medium-term reality. As carbon costs rise and coal and lignite exit faster than grids and flexibility can be rebuilt, gas becomes more important to price formation, system stability, and volatility management—not because it
Carbon convergence makes gas more important, not less, in South-East Europe Read More »
In South-East Europe, most of the meaningful volatility is not created in outright gas markets or in flat power positions. It is created at the interface between gas and electricity, in the narrow set of hours when fuel deliverability, power system constraints, and market design collide. Traders and industrial buyers who focus on average prices or
Trading the gas–power interface: Where South-East Europe’s volatility is actually made Read More »
Industrial gas contracting in South-East Europe has entered a regime where electricity risk, not gas price risk, is the dominant cost driver, even for buyers whose core exposure appears to be fuel. Gas contracts that optimise average €/MWh outcomes increasingly fail to protect budgets because gas now transmits risk into power markets through marginality, deliverability limits,
Industrial gas contracting in a power-dominated risk environment Read More »
Gas-fired generation in South-East Europe no longer earns its keep by running often. It earns it by being there when nothing else works. In market terms, these plants function as regional system insurance: they suppress tail risk, stabilise frequency, and prevent cascading failures during rare but severe stress events. Yet remuneration frameworks still pay them as if
Gas-fired capacity as regional system insurance and its chronic underpayment problem Read More »
In mature power systems, electricity prices tend to track gas costs with reasonable consistency. Gas may not always be marginal, but when it is, price relationships behave predictably. South-East Europe increasingly breaks that rule. The region is where gas–power decoupling appears first, most violently, and most persistently, even in periods when gas prices are stable. This
When power prices decouple from gas and why it happens in South-East Europe first Read More »
