SEE electricity market Week 51: Prices surge amid higher demand and renewables drop

During Week 51 of 2025, electricity prices across Southeast Europe (SEE) rose sharply, registering double-digit increases in all markets except Italy and Türkiye. The surge was attributed to higher electricity demand and slightly elevated TTF gas futures compared to the previous week. Most SEE markets posted daily prices above €100/MWh, except Türkiye, resulting in a […]

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Srbijagas – Between stability and missed reforms

Srbijagas has been one of Serbia’s most critical state energy companies in recent years — surrounded by vast promises, political declarations, strategic ambitions and public expectations. It promised financial reform, transparency, infrastructure expansion, supply security, diversification, development of gas power generation and transformation into a modern, EU-aligned market entity. The real outcome sits between achievement

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EPS – Between promises and reality

Elektroprivreda Srbije has in the past several years lived through a turbulent period full of major promises, political announcements, strategic plans and serious challenges. EPS promised modernization, increased production, stable supply, energy transition, investment in new capacities, better environmental performance and financial stability. At the same time, Serbia confronted a European energy crisis, climate pressure,

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EMS – What was promised, done and what remains unfinished

Elektromreža Srbije (EMS) has in recent years constantly stood at the center of energy debates, strategic announcements and major promises about modernization, European integration, support for renewables and strengthening system stability. At the same time, Serbia has entered a period of energy transition, growth of wind farms, increasing market demands and pressure to lift its

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Three pillars of Serbia’s energy: Stability achieved, but the future still unbuilt

Serbia’s energy system rests on three powerful institutions: EMS, EPS and Srbijagas. Together, they are not merely companies. They are infrastructure, macroeconomics, social stability, development policy, geopolitical positioning and a long-term national security instrument. EMS keeps the heart beating by ensuring power stays flowing through the veins of the country. EPS produces the electricity that

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Nuclear energy as a generational responsibility: Serbia cannot make a serious decision without experts, knowledge, and strong institutions

Today, nuclear energy is often mentioned in Serbia as if it were a simple technical solution to our energy challenges. In public debate it is presented almost like an infrastructure procurement issue: build a plant, secure electricity, problem solved. It is a state strategy spanning at least three decades, demanding knowledge, trained people, institutions, planning

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The physics of balance: How nuclear energy reshapes renewable power in the regional grid

Balancing in Southeast Europe today is an uneasy choreography. Hydro reservoirs rise and fall with unpredictable weather. Wind output swings quickly with pressure systems. Solar rises predictably in shape but not always in absolute production due to seasonal and meteorological variation. Coal provides inertia but increasingly struggles with emissions costs, regulatory tightening and aging infrastructure.

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Serbia’s nuclear ambitions and the future of Southeast Europe’s electricity market architecture

If Serbia proceeds toward nuclear power, it will not simply be building a power plant. It will be inserting a structural force into the heart of the Southeast European electricity system, altering market psychology, regional trade dynamics, balancing requirements, grid planning priorities, and even political leverage embedded inside electricity exchanges. For a region traditionally defined

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Serbia’s nuclear choice as a geopolitical decision: Technology, power, and alignment in strategic energy planning

When Serbia lifted its three-decade ban on nuclear power construction, it was widely framed as an energy policy decision. That description is accurate but incomplete. Nuclear power, perhaps more than any other form of infrastructure, extends far beyond electricity production. It creates dependency chains that last half a century, ties a country’s regulatory and technological

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Serbia’s nuclear crossroads: Navigating partners, politics and the path to the first construction kickoff

Serbia today stands at a rare historical turning point in its energy strategy. For more than three decades, nuclear power in the country existed only as a theoretical subject of academic debate, largely overshadowed by a legal prohibition introduced in 1989 in the aftermath of Chernobyl, public fear, and a national power system structurally dependent

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