Energy
SOCAR’s potential bid for NIS would redraw South-East Europe’s energy balance
A possible move by SOCAR to enter Serbia’s NIS in place of MOL would go beyond a standard acquisition. It would affect how gas reaches European…
CBAM’s electricity shock for Serbia: exports, EPS finances and the investment pipeline
As the EU moves into CBAM’s full charging phase in January 2026, Serbia’s coal-heavy power exports face a new reality: bids into the EU must clear…
Serbia to roll out negative power prices on SEEPEX from May 2026, replacing the zero EUR/MWh floor
SEEPEX says Serbia’s day-ahead market will allow negative electricity prices starting 5 May 2026, with intraday continuous trading following later that evening. The change replaces the…
Serbia pushes to expand Banatski Dvor gas storage, but Russian control limits domestic flexibility
Serbia plans to raise capacity at Banatski Dvor by end-2026, lifting total storage from about 450 million cubic metres to around 750 million. Yet only just…
Hungary election reshapes risk calculus for Serbia’s NIS, driving an “overnight” valuation repricing
Serbia’s NIS is being “repriced overnight” as Hungary’s election outcome changes the political and transaction risk around negotiations involving MOL and Russian-linked ownership. Market commentary suggests…
Serbia’s hydropower rebound eases supply stress, but structural power risks remain
A wetter start to 2026 has lifted Serbia’s hydropower output after the severe drought-driven shortfall of 2025, reducing immediate pressure on electricity supply. But the rebound…
Serbia’s industrial push runs into an energy bottleneck as costs and reliability become decisive
Serbia’s manufacturing expansion is increasingly constrained by energy reliability, shifting electricity and gas pricing, and the limits of a power system still dominated by lignite. As…
Energy imports as Serbia’s balance-sheet risk: why oil and gas move more than trade
Serbia’s trade deficit and industrial cost structure are heavily influenced by energy imports, especially oil and natural gas, whose prices can swing the country’s import bill…
Serbia prepares for negative power prices on SEEPEX, reshaping dispatch economics and trading risk
From May 2026, Serbia will introduce negative electricity prices on the SEEPEX exchange, with day-ahead auctions starting 5 May 2026. The move lowers the price floor…
Serbia extends Russian gas deal for three more months, locking in discounted prices while long-term certainty stays elusive
Serbia has agreed to extend its [[PRRS_LINK_1]] with Russia by an additional three months, keeping gas costs far below current European hub levels. Economists say the…