During Week 24, Hungary remained among the most expensive electricity markets in the SEE-connected region, even as its import position improved. The Hungarian day-ahead average fell by 4.3% to €98.71/MWh. Despite the decline, the market stayed above Greece, Bulgaria, Croatia and Serbia, and it remained close to Romania at €97.38/MWh.
Demand growth and generation trends
Hungarian electricity consumption rose by 1.1%, a slower pace than demand increases seen in Italy, Greece and Türkiye. On the supply side, conditions improved with variable renewable generation up by 21.2%. Hydropower also increased by 27.3%, starting from a low base, adding to domestic balancing support.
Trade balance shifts while Hungary stays a net importer
Hungary continued to be a net importer, but net imports declined sharply by 108.5 GWh, or 60.3%. The change pointed to improved domestic and regional supply conditions. Stronger renewable output and lower pricing in neighbouring markets helped reduce pressure on import dependency.
Highest daily price recorded on 17 June
Even with the improved trade position, Hungary continued to trade within a relatively high-price band. The 17 June day-ahead snapshot reached €123.79/MWh, the highest daily price point in the Southeast European dataset for the week. The level reflected sensitivity to Central European price formation during periods of tighter regional supply or higher cross-border congestion.
Comparison with Serbia and Bulgaria
Hungary’s pricing pattern differed from lower-priced SEE markets such as Serbia and Bulgaria. Serbia saw a sharp price correction, while Bulgaria strengthened its export position during the same period. Hungary remained in a higher price environment despite reduced import reliance.
Implications for regional market reference points
For traders and industrial consumers, Hungary continued to function as a premium pricing benchmark within the SEE-linked region. Elevated price levels persisted even as import dependence eased. The market’s pricing remained linked to Central European scarcity signals and cross-border flow dynamics.