electricity

Slovenia: NPP Krsko set for strong year-end output and long-term planning

Despite undergoing a scheduled downtime this year, Slovenia’s sole nuclear power plant, Krsko, is on track to finish 2025 with electricity production exceeding expectations. Total output is projected to reach around 5.5 TWh, while forecasts for next year — when no regular maintenance shutdown is planned — point to generation surpassing 6 TWh delivered to […]

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Serbia: Novi Sad seeks consultant for solar-thermal district heating project

Preparations for a major transformation of Novi Sad’s district heating system have reached a new stage, as the city-owned heating utility looks for a consultant to oversee delivery of its solar-thermal project. The European Bank for Reconstruction and Development (EBRD) has launched a prequalification process for advisory and supervision services linked to the initiative. The

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Montenegro: Regulatory approval granted for 67 MW solar project

Regulatory approval has been secured for a new utility-scale solar investment in western Montenegro, after the national environmental authority endorsed the impact assessment for a planned solar power plant near Niksic. The decision removes a major permitting hurdle for the Bogetici solar project. The Environmental Protection Agency of Montenegro confirmed that the environmental impact study

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Greece: Fixed-rate electricity contracts gain ground as consumers shift toward price certainty

Electricity consumers are increasingly shifting away from variable pricing in favor of long-term cost certainty, driving a rapid expansion of fixed-price electricity supply contracts over the past year. The pace of switching has accelerated to around 73,000 new fixed-rate agreements per month, putting the market on track to approach two million contracts in early 2026.

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Bulgaria: Kozloduy to shut down 1,000 MW Unit 6 again after turbine system safety malfunction

Bulgaria’s only nuclear power plant, Kozloduy, has announced another shutdown of its 1,000 MW Unit 6, which is scheduled to go offline on 22 December after a malfunction was detected in a safety-related component of the turbine system. The issue emerged while the reactor was in operation and affects the protective membrane of the steam

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Cross-border electricity integration made SEE stronger — but it has also hardwired shared vulnerability, with Serbia at the centre of transmission risk

For more than a decade, the strategic ambition guiding South-East Europe’s electricity evolution has been clear: integrate, harmonise, align with European rules, deepen liquidity, strengthen competition and build a regional market architecture that supports stability, investment and security of supply. On paper, this strategy has worked. Market coupling initiatives advanced. SEEPEX evolved. Transmission interconnectors improved.

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SEE renewables are expanding faster than stability — and Serbia now sits inside the volatility engine

South-East Europe is accelerating its renewable transition. Solar fields rise across Greece and Bulgaria, wind projects return to Romania’s agenda, battery pipelines begin appearing in policy documents, and Western Balkan governments increasingly wrap their industrial and geopolitical narratives in the language of decarbonisation. Looked at from a distance, the region appears to be moving decisively

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Serbia now sits at the centre of South-East Europe’s electricity future — and the region’s shared risk

For most of the past decade, discussion around South-East Europe’s energy transition framed Serbia as one of many actors in a broader regional story. That framing no longer reflects reality. Today, Serbia has moved into a decisive strategic position: it is the central platform through which regional power flows, market integration, price formation and system risk

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Fragmented rules, unified risk

Energy markets in Europe operate under a paradox. Physically and financially, they have become deeply integrated. Regulators, however, still govern them through fragmented frameworks designed for a world of separate sectors and largely national systems. This mismatch between unified market risk and fragmented rules has become a structural source of volatility rather than a stabilising

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Hedging without isolated markets

Hedging strategies are built on assumptions. For much of Europe’s energy-market history, the central assumption was that risks could be segmented. Electricity price risk could be hedged with power forwards. Gas price risk could be managed through hub-based contracts and storage. Oil exposure, if relevant, was addressed separately. These strategies relied on the belief that

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