As freezing weather triggered energy shortages across southeast Europe at the start of the year, Bulgaria’s refusal to export power was typical in a region where everyone had to fend for themselves.
Nations from Greece to Hungary hoarded power last month in response to the coldest winter in a decade, exposing the weakness of the region’s power markets, which should enjoy unrestricted flows. Temperatures in the Balkans and surrounding countries are expected to drop below freezing again next week.
