Trading
Carbon pricing and CBAM reshape power trading risk across South-East Europe
As ETS pricing increasingly travels across borders through CBAM, South-East Europe’s electricity markets are seeing wider price divergences and new hedging demands. Early 2026 hydrology-driven export…
EU ETS CO₂ pricing remains the baseline for power prices across Hungary and South-East Europe
Even as CBAM draws attention as a new cross-border mechanism, EU ETS CO₂ pricing continues to set the underlying economics of electricity generation. In Hungary and…
CBAM’s early impact on South-East Europe power markets: episodic distortions, not a lasting pricing overhaul
In early 2026, the EU’s Carbon Border Adjustment Mechanism (CBAM) pushed down prices in non-EU South-East Europe while leaving EU markets only marginally higher. But traders…
CBAM’s first test in South-East Europe: flow reshaping, not a lasting price reset
In early 2026, the EU’s Carbon Border Adjustment Mechanism (CBAM) changed how electricity moves across South-East Europe more than it permanently lifted regional prices. The clearest…
Grid access rules and storage costs are reshaping renewable economics across South-East Europe
As Serbia, Montenegro, Bosnia and Herzegovina and North Macedonia add more wind and solar, transmission operators are tightening grid access, balancing obligations and ancillary-service requirements—turning grid…
EU recommendation shifts South-East Europe toward cross-border power purchase agreements as core investment tool
A European Commission recommendation adopted on 22 April 2026 reframes power purchase agreements as a system-critical mechanism for financing clean power in South-East Europe, with particular…
PPAs, offtake structures and capital flows redefine wind investment in South-East Europe
The financing architecture of wind projects in South-East Europe is undergoing a structural transformation. What began as a subsidy-driven build-out supported by feed-in tariffs is evolving…
SEE power markets split further as Hungary premium widens on renewable surge and regional bottlenecks
A strong rise in wind and sustained solar output pushed midday prices down across South East Europe, while hydro and gas declines tightened flexibility in key…
Hydropower’s changing role in South-East Europe: from predictable buffer to climate-driven swing factor in Q1 2026
In Q1 2026, hydropower across South-East Europe showed a sharper weather-and-climate sensitivity than in prior years, weakening its function as a steady balancing resource. The result…
Gas market correction in Europe offers temporary relief but leaves South-East Europe exposed to later supply stress
European gas prices moved lower in Week 16, but the decline did not signal a return to durable comfort. Instead, it reflected a short-lived easing of…