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LNG flows strengthen but electricity tightness remains

LNG inflows into Southeast Europe strengthened in Week 25, but the electricity market still tightened. Greece received 722.23 GWh of LNG inflows, up 19.7% week-on-week, while Italy received 4,004.02 GWh,...

Gas prices fell, power prices rose

The cleanest market contradiction in Week 25 was the split between gas and electricity. TTF futures averaged €41.76/MWh, down 14.8% from the previous week, yet most SEE electricity markets...

Hydro risk returns to the SEE market balance

Hydropower remains one of SEE’s most important hidden price drivers. In Week 25, regional hydro generation declined by 4.7% to 3.57 TWh, and that reduction helped tighten the...

Solar is creating volume, not full price protection

Solar output increased across SEE in Week 25, but it did not protect most markets from higher prices. That is the central paradox of the...

Hungary, Romania and Croatia reprice toward Central Europe

Hungary, Romania and Croatia formed the tightening cluster of SEE in Week 25. Their price increases were among the strongest in the region, with Hungary...

Greece and Bulgaria emerge as export-linked price moderators

Greece and Bulgaria moved against the broader SEE trend in Week 25, becoming the region’s most important price moderators after Türkiye. While Hungary, Serbia, Croatia,...
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