RaboResearch - Economic Research

Cristian Stet

Energy Transition Analyst

Cristian Stet is an Energy Transition Analyst at RaboResearch. His research focus is on power markets and on their increasing importance in relation to the Energy Transition.

Cristian finished his PhD in Energy Finance at Erasmus University Rotterdam. During his PhD, he focused on providing a better understanding on the flexibility needs of power markets in the context of an increasing share of supply from variable renewable sources. Cristian also holds an MSc in Finance and Investments from Erasmus University Rotterdam.

Publications Cristian Stet


The complex task of reforming the EU’s electricity market

On September 14, the European Commission proposed specific intervention measures to address the soaring energy prices. Such intervention is a complex task, and any approach has its own drawbacks. This report reviews the proposal and contextualises it, among all the possible ones.

Economic Report

The Basics of Electricity Price Formation

Europe is facing very high prices for both natural gas and electricity. In many European countries, the prices of both commodities are related, most of the times. However, electricity prices are not pegged to natural gas prices. This article explains how electricity prices are established.


Growing European PPA markets adapt to new power markets reality

PPAs are on the rise in Europe, as such contracts are an increasingly popular way of financing the deployment of renewables. However, the growth in this market is not hurdle free. High power market volatility pushes players to rethink their strategies.


High EU Carbon Prices Are Structural, and Inaction Is Not an Option

The EU’s carbon market is going through a perfect storm of disruptions. Despite the current turbulence, we expect a structurally high EU carbon price for the long term. Companies affected by the EU ETS must start drafting their adaptation strategies.


EU ETS Basics: How a Market Can Help Reduce GHG Emissions

Urgent decarbonization requires significant investments. The EU’s carbon market, the EU ETS, was deployed in 2005 to enable them. This paper covers its story and basic principles, and how can it help trigger decarbonization investments.

Economic Report

Flexibility – The Key to Energy Transition

Flexibility is a key element in electricity markets dominated by wind and solar PV energy. Besides investing in renewables, we must also invest in assets offering sustainable flexibility such as demand response applications and storage.


COP26: Big Headlines, Reality Less Sunny, Yet Some Progress Achieved

Post-COP26, the 1.5°C target is still out of reach, but the gap narrows as Glasgow brought some progress. Paris Agreement Rulebook was finalized and new emission reduction pledges were announced. Yet, credibility concerns cast some shadow over these announcements and climate finance remains unsettled.

Economic Comment

COP26, What Can We Expect?

To “keep the 1.5°C target alive” within COP26, we need more stringent targets for 2030, not only for 2050. Progress could come from new methane emissions targets and through advancements in discussions on Paris Agreement Rulebook and climate finance.