Southeast European day-ahead electricity prices surged on 28 October, with Romania, Bulgaria, Hungary, Albania and Serbia recording prices close to or above €300/MWh. Reduced renewable generation and weaker electricity imports tightened regional supply, while demand remained largely unchanged.
Romania recorded...
The conventional renewable energy project is built around a relatively straightforward model: wind turbines or photovoltaic panels generate electricity, a substation exports it to the grid, and a trader or offtaker sells the output.
That model is beginning to evolve....
A power purchase agreement (PPA) offering a renewable project a price of €70/MWh may appear to provide a straightforward hedge against electricity-market volatility. However, the headline price alone reveals little about the level of risk actually transferred by the...