Natural gas storage facilities are a fundamental source of seasonal supply in Europe. The storage obligation set out in 2022 required all storage facilities to be filled up to 90% of their capacity by the start of the withdrawal season. Some Member ...

EU ETS2 - the extension of the EU Emissions Trading System to the buildings and transport sectors, as well as to industrial companies not covered by ETS1 - was originally planned to start operating in 2027. As the regulation is expected to increase ...

The European Commission set forth the full phaseout of Russian pipeline gas and LNG in the so-called REPowerEU Roadmap. The Roadmap published 6 May 2025, stipulates the full phase-out of Russian pipeline gas and LNG from 1 January 2026, with derogations ...

The introduction of flow-based market coupling (FBMC) within the Core region represented a major step forward in European power market integration. Under the flow-based market coupling mechanism, transmission system operators manage transmission capacity ...

The energy crisis in Europe and the war in Ukraine prompted a number of regulatory responses in the EU27. One of these responses was the so-called storage regulation, introduced in 2022 stipulating a mandatory fill-up target by 1 November each year. The ...

In a previous analysis, we already highlighted the spikes in wholesale electricity prices in our region during the summer of 2024 and discussed the main reasons behind them. In this analysis, we examine the period since then, assessing whether the early ...

This policy brief is based on the workshop titled “ Beyond Batteries – Exploring Long-Duration Electricity Storage Solutions ” co-organized by the British Embassy Budapest and REKK, which took place on January 29th, 2025. Main conclusions: Long-duration ...

Achieving a fully integrated energy market under the EU electricity target model constitutes an ongoing process. Given that the integration of wholesale markets is already at a mature stage, the next step forward is the successful integration of the ...

Building-heating related use of natural gas is highly temperature-dependent. Majority of buildings in Europe are heated with natural gas, which has been a stable and cheap fuel for the early 2000’s. Russia’s war in Ukraine and the curtailment of Russian ...

This summer we have seen particularly high electricity prices in the evening hours not only in Hungary but also in a relatively wider region. Possible causes include both domestic and regional factors, as well as supply and demand side factors. In the ...