Day-ahead power prices for delivery on 23 June rose sharply across parts of Southeast Europe, with Hungary, Romania, Slovenia and Croatia moving close to Central European levels. The repricing coincided with a steep evening residual-load ramp, while Serbia and Albania remained heavily discounted. Northern SEE prices were reported near Germany and Austria, while Italy was lower.
On HUPX, Hungarian day-ahead baseload settled at €173.04/MWh, up €47.6/MWh day on day. Romania’s OPCOM cleared at €172.88/MWh, rising €48.8/MWh. Slovenia’s BSP reached €169.63/MWh, and Croatia’s CROPEX settled at €170.37/MWh.
The regional pricing move placed the northern cluster close to Germany at €174.91/MWh and Austria at €169.46/MWh. Italy was reported at €153.83/MWh. Further south, the divergence widened between the higher-priced markets and the discounted nodes.
Serbia and Albania remain discounted as Montenegro and North Macedonia shift
Serbia’s SEEPEX cleared at €93.36/MWh, only €3.2/MWh above the previous session. Albania’s ALPEX stood at €93.48/MWh, down €0.5/MWh. Montenegro’s BELEN settled at €115.30/MWh, up €9.3/MWh, while North Macedonia’s MEMO fell by €11.4/MWh to €105.96/MWh.
The Serbia-Hungary day-ahead spread widened to almost €80/MWh. This was cited as reinforcing Serbia’s position as the main discount node in the regional price map.
Consumption and generation rise, with evening hours driving marginal pricing risk
The price formation was not linked to an outright shortage in average supply, according to the reported figures. Regional consumption was forecast at 31,785 MW, up 840 MW day on day, while total generation also increased.
Hydro output rose to 6,324 MW, solar to 6,609 MW, gas to 4,634 MW, coal to 4,549 MW, wind to 2,809 MW, and nuclear remained stable at 5,033 MW. Despite a broader supply base than on Monday, price risk concentrated in the evening hours when solar output faded.
The reported profile indicated that flexible generation set the marginal price during those hours. Hourly trading patterns were described as showing the key signal behind the day-ahead move.
Hourly maxima cluster around 21–22 while minimums track midday solar output
The maximum hourly price reached €496.1/MWh in Hungary, with Germany at €545.5/MWh. Romania’s maximum was reported at €493.0/MWh, Slovenia’s at €478.3/MWh, Croatia’s at €481.8/MWh, and Austria’s at €488.7/MWh.
The highest prices were concentrated around hour 21–22. Minimum prices were mostly around hour 14, corresponding to the midday solar window.
The minimum hourly price on HUPX was reported at €62.4/MWh, with Romania at €62.6/MWh, Slovenia at €63.1/MWh, Croatia at €63.0/MWh, and Austria at €62.9/MWh.
Midsday weakness contrasts with strong evening flexibility premiums across SEE-Hungary pricing
The resulting shape left the SEE-Hungary market described as increasingly split between weak midday pricing and very strong evening flexibility premiums. The spread between midday and evening prices was again highlighted as supporting the role of pumped storage, batteries and dispatchable hydro in markets exposed to rising solar penetration.
The same pattern was linked to continued dependence on thermal or hydro flexibility after sunset.