Adequacy without comfort: Serbia’s hidden operational and fuel risks Read More »

Adequacy without comfort: Serbia’s hidden operational and fuel risks

Serbia’s power system enters the second half of the 2020s with a level of seasonal adequacy that stands out in South-East Europe. Yet this adequacy is often misread as comfort. In reality, the system’s resilience rests on a narrow operational foundation that demands continuous execution discipline. The same factors that underpin Serbia’s stabilising role in […]

Serbia versus Romania: How coal retirements are redrawing regional power flows Read More »

Serbia versus Romania: How coal retirements are redrawing regional power flows

The divergence between Serbia and Romania in the 2025–2028 period marks one of the most consequential structural shifts in South-East Europe’s power system. While both countries entered the decade with comparable roles as regional anchors—large thermal fleets, significant hydro assets, and strong cross-border interconnections—their trajectories have separated sharply as Romania accelerates coal retirements and Serbia

Why Serbia’s grid reliability is becoming systemic for the Western Balkans Read More »

Why Serbia’s grid reliability is becoming systemic for the Western Balkans

Serbia’s electricity system is no longer defined primarily by its ability to satisfy domestic demand. Over the last decade, and increasingly visible in ENTSO-E seasonal adequacy assessments, Serbia has evolved into a systemic grid node whose operational stability materially affects outcomes across the Western Balkans and adjacent EU markets. This shift is not the result of a

Serbia’s power system adequacy as a regional stability anchor in South-East Europe Read More »

Serbia’s power system adequacy as a regional stability anchor in South-East Europe

Serbia enters the 2025–2027 period with a power system profile that is increasingly atypical within South-East Europe. While much of the region is navigating tightening reserve margins, accelerated coal exits, fuel supply volatility, and rising dependence on cross-border imports, Serbia remains one of the few systems whose seasonal adequacy is structurally intact under both reference

Europe: TTF gas prices rise in Week 03 amid supply concerns and weather risks Read More »

Europe: TTF gas prices rise in Week 03 amid supply concerns and weather risks

During Week 03 (12–18 January 2026), TTF gas prices on the ICE market followed a clear upward trajectory, reflecting increasingly tight market conditions. February 2026 futures opened on Monday, 12 January, at €30.25/MWh, the week’s lowest settlement price, before rising steadily to €31.47/MWh on 13 January (+4.1%) and €31.81/MWh on 14 January (+1.1%). Momentum accelerated

Region: Electricity prices in SEE surge in Week 03 amid rising demand and weak wind generation Read More »

Region: Electricity prices in SEE surge in Week 03 amid rising demand and weak wind generation

Electricity prices across the Southeast Europe (SEE) region recorded a sharp increase in Week 03 compared to Week 02, with all observed markets posting week-on-week gains. The regional average price rose by approximately 29%, with Serbia experiencing the largest jump at 65.5%, reflecting tight supply conditions and/or increased import dependence. Bulgaria, Romania, and Hungary clustered

Serbia seeks US approval to ensure NIS operations amid MOL acquisition talks Read More »

Serbia seeks US approval to ensure NIS operations amid MOL acquisition talks

Serbia has taken formal steps to secure the continued operation of NIS amid ongoing negotiations over a potential ownership change involving GazpromNeft and Hungary’s MOL Group. Minister of Mining and Energy Dubravka Đedović confirmed that NIS has submitted a request to the US Office of Foreign Assets Control (OFAC) seeking permission to maintain normal business

Romania: CCE sells 293 MW Horia 2 solar project to Renalfa Solarpro Group Read More »

Romania: CCE sells 293 MW Horia 2 solar project to Renalfa Solarpro Group

Renewable energy developer CCE has completed the sale of its Horia 2 solar project in western Romania to Bulgaria-based Renalfa Solarpro Group. The project, located in Arad County, has an installed capacity of 293 MW and covers approximately 349 hectares of land. The transaction was advised on the seller’s side by international law firm CMS.

Romania: Electricity system handles record demand amid cold spell Read More »

Romania: Electricity system handles record demand amid cold spell

A cold spell pushed Romania’s electricity system to its limits on 19 January, with demand surging to 9,235 MW, the highest level recorded in the past five years. Average temperatures were about four degrees below seasonal norms, creating significant operational pressure on the national grid. Energy Minister Bogdan Ivan reported that the system remained stable

Hungary: MOL Group moves to acquire controlling stake in NIS, expanding regional energy footprint Read More »

Hungary: MOL Group moves to acquire controlling stake in NIS, expanding regional energy footprint

Hungary’s MOL Group has taken a major step toward reshaping the energy landscape in central and southeastern Europe by reaching a binding preliminary agreement to acquire a 56.15% controlling stake in Serbian oil company NIS from Russian GazpromNeft. Once all conditions are met, MOL would assume dominant shareholder rights over the company. If finalized, the

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