Structural volatility in power markets: why the old pricing regime has disappeared
Since 2021, European power markets have moved into a new era of volatility, and the causes behind it suggest this is a lasting shift rather than a passing
Since 2021, European power markets have moved into a new era of volatility, and the causes behind it suggest this is a lasting shift rather than a passing
Power markets were built for a different era. Here's how governments are rewriting the rules of electricity trading to shore up energy security.
For three decades, the dominant trend in global energy markets was integration. Trade flows expanded, price relationships across regions converged and the