Croatia’s CROPEX sees lower February volumes as day-ahead and intraday power prices fall sharply

Market activity on Croatia’s electricity trading platform softened in February 2026, with traded volumes edging down while both day-ahead and intraday prices moved lower. For developers and grid stakeholders planning renewable integration, the shift matters because it influences revenue expectations, balancing strategies, and the timing assumptions used in engineering studies and commercial contracting.

February 2026 trading: volume down, prices retreat

A total of 905,983.6 MWh of electricity was traded on the Croatian energy exchange (CROPEX) in February 2026, representing a 0.7% decline versus January. The split showed 673,794.7 MWh traded on the day-ahead market and 232,188.9 MWh on the intraday market. On a year-on-year basis, February volumes were 15.4% lower than in the same month of the previous year.

Price signals were also weaker across both trading segments. The average daily base price on the day-ahead market in February was 107.49 euros/MWh, down 24.9% month-on-month, while the average euro-peak price reached 113.69 euros/MWh, a 31.4% decrease over the same period. Intraday pricing averaged 104.68 euros/MWh, falling 28.5% compared with January.

Operational implications for balancing renewables

Lower day-ahead base and peak levels can affect how wind and solar projects underwrite their operational plans, including forecast accuracy targets and dispatch coordination with system operators. When intraday prices also drop—by 28.5% versus January—operators may face different optimization incentives for short-term adjustments, which can influence how battery energy storage systems are scheduled for charge and discharge cycles.

For BESS owners and contractors preparing performance guarantees, price softness can change the sensitivity of modeled revenues used during feasibility work and subsequent EPC preparation. That typically feeds into how developers structure technical studies around grid constraints, reserve needs, and expected market participation windows for storage assets.

How CROPEX’s market design supports cross-border flows

CROPEX was launched on 11 March 2016 in cooperation with Nord Pool and is co-owned by the Croatian electricity transmission system operator (HOPS) and the Croatian electricity market operator (HROTE). The intraday market began in April 2017, extending operational flexibility for participants managing deviations between forecasts and real-time conditions.

On 19 June 2018, following a joint project involving Croatian and Slovenian transmission system operators and power exchanges, CROPEX’s day-ahead market was coupled with MRC markets through the Croatian–Slovenian border. For transmission infrastructure planning teams, this kind of coupling framework is relevant when assessing how cross-border capacity availability can shape congestion patterns that affect renewable output scheduling.

Broader industry takeaways for project planning

The combination of reduced traded volumes and sharp month-on-month price declines highlights a more cautious commercial environment for electricity-linked investment planning in Croatia. While CROPEX data does not directly specify wind, solar, or BESS buildouts, it provides a reference point that developers often use when aligning engineering studies with procurement timelines and risk allocation in contracting.

Across renewables development, grid modernization efforts, and storage deployment readiness, February’s market outcomes reinforce the need to stress-test revenue assumptions against evolving price levels—particularly when preparing EPC documentation, permitting-related schedules tied to grid connection milestones, and operational models for delivery once assets reach commissioning.

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