German day-ahead electricity fell by €52.68/MWh to €139.35/MWh, while Hungary’s HUPX benchmark increased by €3.47 to €214.28/MWh for Oct. 8 delivery. The resulting €74.93/MWh Hungary-Germany spread coincided with recovered wind and solar output across Southeast Europe. Scheduled cross-border flows into the monitored Hungary-SEE region also reflected tighter transfer conditions, with imports from Austria and Slovakia falling by around 542 MW to 1.53 GW.
Austria traded below Hungary at €188.88/MWh, further separating regional price levels around the Hungary-SEE corridor. Within Southeast Europe, day-ahead pricing outcomes varied by market. Serbia’s SEEPEX benchmark dropped by €18.58/MWh to €179.39/MWh, widening its discount to Hungary to €34.89/MWh. Serbia’s scheduled net imports rose to around 988 MW.
Southeast Europe day-ahead price moves across monitored markets
Montenegro increased by €11.39/MWh to €208.80/MWh, Bulgaria gained €9.80/MWh to €208.40/MWh, and Albania climbed by €9.40/MWh to €221.53/MWh, the highest monitored SEE daily average. Romania was little changed at €209.38/MWh, while Croatia fell to €200.81/MWh and Slovenia to €197.10/MWh. Greece stayed cheaper at €165.25/MWh, and North Macedonia averaged €167.78/MWh.
The region’s demand rose modestly, up by around 284 MW to 29.94 GW. Forecast supply improved, with wind generation increasing by about 959 MW to 2.32 GW, and solar adding 470 MW to reach 6.12 GW. Total scheduled generation moved higher to approximately 27.94 GW, cutting regional net imports by about 466 MW to 2.00 GW.
Nuclear outages and cross-border flow changes shape balances
The largest improvement came from Romania, where its scheduled import requirement fell from roughly 1.44 GW to 314 MW. That change followed forecast generation rising by more than 1 GW, reaching 5.21 GW. The improvement remained exposed because Romanian nuclear output is still absent, leaving the system reliant on weather-sensitive generation and cross-border support without Cernavodă.
Southeast Europe also saw a shift in Slovenia’s position, moving from about a 251 MW import position to roughly 469 MW of scheduled exports. Hungary moved in the opposite direction as its scheduled imports increased to around 1.70 GW, while domestic generation fell to roughly 3.06 GW. This reinforced Hungary’s dependence on Slovakia, Romania and other neighbouring systems for supply.
Kozloduy output cuts reduce Bulgarian export surplus amid low Danube levels
Bulgaria remained a major exporter, but its scheduled surplus fell sharply to about 826 MW, down from around
