power volatility

Regional Power Volatility Impacts Serbia’s Electricity Market

Serbia's electricity market is increasingly influenced by regional volatility as the Southeastern European energy landscape transitions from centralized thermal generation to a more decentralized system characterized by renewable energy sources, cross-border electricity flows, and fluctuating hydro conditions. Despite having a robust domestic power infrastructure and a historically stable utility sector, Serbia faces challenges as the operational environment evolves more rapidly than its institutional frameworks and grid capabilities. Historically, Serbia's electricity model relied heavily on lignite, large thermal plants, and hydropower,…