Day-ahead electricity prices for Wednesday delivery declined across most Southeast European markets. The regional move narrowed Hungary’s premium to Germany, while higher gas and carbon costs supported firmer forward pricing. Serbia and Montenegro posted contrasting daily movements within the same pricing window.
Serbia’s SEEPEX increased by €1.50 to €197.97/MWh. Montenegro’s BELEN fell by €34.60 to €197.41/MWh, the largest daily drop among the tracked markets. The two countries’ prices ended within €0.56/MWh of each other.
The divergence narrowed Serbia’s discount to Hungary to €12.85/MWh. Serbia’s reported net import position averaged 840 MW. Despite the lower price relative to Hungary, Romania and Croatia, the figures indicated continued reliance on external supply.
Hungary, Romania and Germany spread compresses on higher corridor flows
Hungary’s HUPX decreased by €14 to €210.81/MWh. Romania declined by the same amount to €208.70/MWh. The resulting spread between the two markets was €2.11/MWh.
Hungary’s premium to Germany narrowed to €18.79/MWh. This compared with about €23.10/MWh a day earlier and €76.10/MWh on Monday. Imports through the Austria–Slovakia corridor into Hungary and Slovenia rose by approximately 529 MW, reaching 1,954 MW.
Across the wider Hungary–SEE area, net imports increased by 216 MW to 2,325 MW. Forecast consumption rose by just 49 MW to 29,669 MW. On that basis, imports covered nearly 8% of expected demand.
Renewables outlook and day-ahead price levels across the region
Solar generation was expected to rise by 527 MW to 6,501 MW. Wind generation was forecast to fall by 243 MW to 1,064 MW. The combined change of about 284 MW, alongside higher imports and broadly stable demand, supported a lower day-ahead price environment.
Northern Macedonia recorded the lowest daily average at €162.35/MWh, followed closely by Greece at €162.46/MWh. Both traded around €48/MWh below Hungary. Bulgaria fell by €8.80 to €198.60/MWh, with net exports averaging 1,503 MW.
Bulgaria’s figures contrasted with Romania, which remained a net importer at 1,411 MW. Hungary imported 986 MW, while Croatia imported 851 MW. Slovenia declined by €17.90 to €202.19/MWh, and Croatia fell by €16.70 to