A trader-led structural model...

In South-East Europe, gas–power interaction has moved decisively beyond simple fuel substitution logic....

Liquidity, LNG volatility, basis...

South-East Europe’s gas markets have quietly crossed a structural threshold. What once functioned...

Rising U.S. LNG dependence...

The European Union’s growing dependence on U.S. LNG is often framed as a...

European gas prices at...

European gas prices have fallen to their lowest levels in more than a...
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Supported byClarion Owners Engineers
Supported byClarion Owners Engineers
Supported byElevatePR Serbia

Algorithmic trading probabilities for SEE zones: Forecasting volatility, spread formation and structural patterns in the Balkan power markets

South-East Europe has become one of the most algorithmically interesting electricity markets in Europe. Not because it is stable, liquid or deeply coupled —...

A trader’s guide to interpreting SEE spreads operationally: The real mechanics behind price divergence

Understanding South-East European electricity spreads requires abandoning the classical frameworks used in Western Europe and adopting a system-behavioural perspective. SEE is not a price...

North Macedonia: Day-ahead power trading jumps 82% year-on-year in October 2025

In October 2025, electricity trading on North Macedonia’s day-ahead market reached 146,498 MWh, marking an 81.7% increase compared to the same month last year...

Croatia: CROPEX electricity trading surges 90% year-on-year in October 2025

In October 2025, a total of 1,449,339.1 MWh of electricity was traded on the Croatian power exchange CROPEX, representing a 32.9% increase compared to...

Serbia: SEEPEX day-ahead trading rises 11.9% in October, prices up sharply from September

A total of 511,894 MWh of electricity was traded on the day-ahead market of the Serbian energy exchange SEEPEX in October 2025, marking an...

Croatia: CROPEX electricity trading down 8.2% in September, prices rise across all market segments

A total of 1,090,592.7 MWh of electricity was traded on the Croatian energy exchange CROPEX in September 2025, marking an 8.2% decrease compared to...

Regional power-flow shifts after the Pljevlja shutdown: Montenegro in a rewired Balkan energy landscape

The shutdown of Pljevlja transforms Montenegro’s internal energy balance, but its implications extend beyond national borders. In the interconnected Balkan power system, every addition...

Private wind producers in Montenegro: From peripheral players to system-defining actors

Montenegro’s power system is undergoing a quiet reordering of influence. Where state hydro once dominated unchallenged and Pljevlja provided the stable backbone, private wind...

Balancing costs in Montenegro’s post-coal power system

As Montenegro steps into a future without Pljevlja’s coal-fired stability, the cost of balancing becomes the defining economic metric of its power system. Balancing...

Montenegro’s power future: Transitioning from coal at Pljevlja to wind, hydro and import options

Montenegro finds itself at a key inflection point. The only coal-fired thermal power plant in the country, Yugoslav Thermal Power Plant Pljevlja (TPP Pljevlja),...

Hydro–storage–renewables integration strategy for SEE

Designing an integration strategy for hydropower, storage and renewables in South-East Europe means accepting that no single technology can deliver both decarbonisation and stability....
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