Day-ahead electricity prices for Wednesday delivery declined across most Southeast European markets, while forward quotations stayed supported by higher gas and carbon costs. The move narrowed Hungary’s premium to Germany. Serbia was an exception to the regional trend, with SEEPEX rising to €197.97/MWh.
Montenegro’s BELEN price fell by €34.60 to €197.41/MWh, the largest daily drop among the markets tracked. The Serbia-Montenegro spread narrowed to €0.56/MWh. Serbia’s divergence also reduced its discount to Hungary to €12.85/MWh.
Serbia’s reported net import position averaged 840 MW, indicating continued reliance on external supply. This came as Serbia’s day-ahead price remained below those in Hungary, Romania and Croatia. The regional pricing spread therefore reflected both market moves and cross-border flows.
Central Europe spot prices align as imports increase into Hungary and Slovenia
HUPX fell by €14 to €210.81/MWh, while 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.
The premium compared with roughly €23.10/MWh a day earlier and €76.10/MWh on Monday. Imports through the Austria–Slovakia corridor into Hungary and Slovenia increased by approximately 529 MW to 1,954 MW. That flow was cited alongside stronger western supply compressing the price differential.
Across the wider Hungary–SEE area, net imports rose by 216 MW to 2,325 MW. Forecast consumption increased by just 49 MW to 29,669 MW. Imports therefore covered nearly 8% of expected demand.
Solar output and wind changes support lower day-ahead levels in the region
Renewable forecasts provided some support for the softer day-ahead pricing trend. Average solar output 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 implied an increase of about 284 MW, alongside higher imports and broadly stable demand. This was described as contributing to a more supportive supply backdrop for lower day-ahead prices. Price differences across the region nonetheless remained wide.
Divergent national spreads persist; forward prices rise for later delivery weeks
The lowest daily average among tracked markets was recorded in North Macedonia 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.
Romania remained a net importer at 1,411 MW, while Hungary imported 986 MW. Croatia imported 851 MW, reflecting different balance positions across neighbouring systems. Further west, Slovenia declined by €17.90?
