One energy market, three fuels
For most of the past three decades, Europe treated electricity, natural gas, and oil as adjacent but fundamentally separate markets. […]
CBAM News
JANAF shareholders to vote on €43.6 million upstream oil and gas project in Kazakhstan
Shareholders of Croatia’s oil pipeline operator JANAF are set to vote on a proposal that would see the company enter
Bulgaria: Enery secures green financing for 150 MW battery storage project
A large battery energy storage project in southeastern Bulgaria has reached an important financial milestone after renewables developer Enery secured
Bosnia and Herzegovina: Republic of Srpska reopens Trusina wind farm project talks with Kermas Energija
The Government of the Republic of Srpska (RS) has committed to reopening the path for Kermas Energija to develop the
Europe: EU plans major CBAM reform to protect industry and accelerate decarbonization
The European Union is preparing a comprehensive reform of its carbon border adjustment mechanism (CBAM) aimed at preventing companies from
Infrastructure is destiny: How grids, pipelines and bottlenecks create price signals
Energy markets are often analysed as abstractions: prices, curves, spreads, marginal costs. Infrastructure appears in these models as a constraint,
South-East Europe as Europe’s stress test: What the region reveals about the energy transition
South-East Europe does not sit on the periphery of Europe’s energy system. It sits at its edge in a different
Trading energy in a system under stress: Portfolios, hedging, and survival in a multi-fuel market
Energy trading was once about exploiting inefficiencies. Price differences across regions, fuels, or time horizons were treated as opportunities for
Flexibility as the new currency: Why speed, storage, and response matter more than capacity
For decades, energy economics was built around capacity. Installed megawatts, pipeline diameters, storage volumes, and reserve margins were treated as
The invisible hand of oil: Logistics, refineries, and the hidden drivers of power and gas prices
For much of the past two decades, oil was treated as a declining force in Europe’s electricity story. As power
Gas at the centre: How balancing, LNG, and spark spreads now define power prices
For most of Europe’s electricity-market history, natural gas played a supporting role. It was a reliable, dispatchable fuel that complemented
Volatility is no longer cyclical: How shocks now propagate across Europe’s energy system
For much of Europe’s post-liberalisation energy history, volatility was understood as a cyclical phenomenon. Prices rose and fell in response