South-East Europe’s electricity markets do not exist in isolation. By 2025, they were tightly interwoven with Central and Western Europe through physical interconnectors, price coupling, and…
Browsing: volatility
Volatility used to be treated as a market-specific phenomenon. Electricity was volatile because demand had to be balanced in real time. Gas was volatile seasonally, shaped…
Energy trading was once about exploiting inefficiencies. Price differences across regions, fuels, or time horizons were treated as opportunities for arbitrage. Volatility was episodic, correlations were…
For most of Europe’s electricity-market history, natural gas played a supporting role. It was a reliable, dispatchable fuel that complemented baseload generation and provided peak capacity…
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…
