Europe’s energy transition is grid-limited. This is no longer a warning; it is a defining condition. Across the continent, renewable capacity is outpacing the physical ability of transmission and dist
Battery storage in Serbia: From late starter to strategic energy powerhouse — system design, investor returns, TSO logic, competitiveness and policy path to 2035
Serbia stands at an inflection point in its electricity future. Decisions made between 2025 and 2030 will determine whether the country evolves into a modern, flexible, resilient energy economy capabl
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, a background condition that occasionally matters dur
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 sense: the edge where constraints bind first, where volatility appears earliest, and where
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 to identifiable triggers: cold winters, supply outages, ge
One energy system, three fuels: Why Europe no longer has separate power, gas, and oil markets
For most of the modern history of European energy policy, electricity, natural gas, and oil were treated as adjacent but fundamentally separate domains. They were regulated through different framework
From power flows to industrial costs: How EU electricity volatility reshapes competitiveness in southeast Europe
For decades, electricity was treated by industry as a predictable input. Prices fluctuated within narrow bands, supply security was largely taken for granted, and energy strategy focused on efficiency
Flexibility without reward: Why southeast Europe balances Europe’s power system but captures none of the value
In the emerging architecture of Europe’s electricity system, flexibility has become the most valuable attribute a power asset can possess. The ability to ramp output quickly, absorb surplus generation
Europe’s variable power system: How wind, solar and nuclear reshaped electricity flows from the EU core to southeast Europe
For most of the past half-century, Europe’s electricity system could be understood through a relatively simple lens. Power was generated close to where it was consumed, national systems were planned a
Rising energy costs: Serbia’s emerging industrial bottleneck
For most of the last two decades Serbia’s industrial competitiveness was framed around familiar variables: labour cost, tax stability, logistics access to the EU, and a reasonably priced electricity s