EU electricity importers must declare embedded emissions and surrender CBAM certificates for power imported in 2026 by 30 September 2027. Certificate purchases begin in February 2027, making emissions evidence and the allocation of costs relevant to electricity contracts.
Global diesel supply is projected to recover in early 2027, but depleted inventories could keep European prices and diesel cracks elevated until stocks are rebuilt.
Romania imported electricity for 21 of 24 hours on 3 November despite renewables supplying around two-thirds of generation. Reactor restart prospects and the cost and timing of grid connections will shape supply and new project economics.
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Rising curtailment and falling solar capture prices in Greece are increasing the importance of storage and shaped power contracts for financing new photovoltaic projects across Southeast Europe.
Battery storage can make renewable electricity more predictable for Serbian exporters and improve the commercial case for renewable projects. It does not reduce embedded emissions by itself or replace CBAM evidence requirements.
Serbia’s forecast power balance on 15 October required about 1,027 MW of scheduled net imports, while SEEPEX recorded 368.6 €/MWh at hour 20. Battery storage could reduce exposure to the most expensive deficit hours and improve trading flexibility, but would not eliminate the country’s energy shortfall or import dependence.
Around 2 GW of battery projects in Serbia had signed grid-connection agreements in September 2026. Financing conditions and revenue certainty will determine which projects are built.
Battery storage projects in Romania and Bulgaria are drawing EBRD-backed financing, while a project in North Macedonia has sovereign and concessional support. Lenders need to test technical performance, grid access, market revenues and debt-service coverage under realistic downside scenarios.
Battery storage can make low-carbon electricity more predictable and usable for Serbian exporters, improving the commercial case for renewable projects. It does not itself reduce embedded emissions or create a CBAM exemption.
Southeast European electricity prices could ease in Q4 2026 and Q1 2027 if nuclear capacity returns and hydro inflows improve. Gas costs and transmission constraints are expected to sustain premiums during tight periods.
Cernavodă Unit 1 is scheduled to resynchronise on 6 November after more than three months offline. Its availability, alongside other reactor restarts and outages, will shape winter import needs and power prices across Southeast Europe.
Drought is reducing hydroelectric output and constraining nuclear generation across the Balkans, increasing exposure to electricity imports. The pressure highlights the role of diversified generation, storage and interconnection.
Western Balkan electricity trade with the European Union recovered from the second quarter but remained below year-earlier levels. Wider price spreads, weaker convergence and CBAM costs are complicating cross-border sales.
Romania imported electricity for 21 of 24 hours on 3 November despite renewables supplying around two-thirds of generation. Reactor restart prospects and the cost and timing of grid connections will shape supply and new project economics.