Gas spark spreads in South-East Europe reflect system stress signals
In theory, the spark spread measures the margin between electricity prices and the cost of generating power from natural gas, […]
In theory, the spark spread measures the margin between electricity prices and the cost of generating power from natural gas, […]
In Europe’s current energy architecture, natural gas plays a dual role in electricity system operation. It is expected to support
For much of Europe’s modern energy history, stability was evaluated within individual segments of the system. Calm electricity prices were
In tightly coupled energy systems, short-term disruptions can leave structural traces even after prices retreat and physical flows stabilise. The
Volatility was previously treated as a market-specific feature. Electricity volatility was linked to the need to balance demand and supply
Integrated energy systems link electricity, gas and oil markets through physical infrastructure, market design and financial expectations. In such conditions,
For decades, Europe’s energy debate was organised around sectors, with electricity policy discussed through generation mix and grid stability. Gas
For much of the past three decades, Europe treated electricity, natural gas, and oil as adjacent but fundamentally separate markets.
Energy markets are often described using prices, curves, spreads and marginal costs. In those frameworks, infrastructure typically appears as a
South-East Europe is positioned at the edge of Europe’s integrated energy system, where constraints bind early and volatility appears first
Energy trading has moved away from an earlier model focused on exploiting inefficiencies. In that prior environment, price differences across
For decades, energy planning has relied on capacity indicators such as installed megawatts, pipeline diameters, storage volumes, and reserve margins.