In Week 07 of 2025, electricity prices in Southeast Europe (SEE) saw an uptick due to increased demand and a reduction in wind and solar energy generation. Although gas prices fell in the latter half of the week, the overall weekly average price remained slightly higher compared to the previous week. Electricity prices across the SEE markets surged, with two-digit increases in all markets except Italy and Türkiye. Prices rose during the first part of the week but dropped over the weekend, limiting the overall increase in weekly averages. Greece and Hungary experienced the largest percentage increases in electricity prices, with increases of 21.36% and 19.32%, respectively. Bulgaria and Romania followed closely behind, with increases of 18.91% and 18.87%, respectively. Italy and Türkiye saw more modest increases of 3.63% and 2.87%, respectively.
During the second week of February 2025, spot electricity prices in Central Europe continued to rise, with all countries posting higher electricity prices due to colder temperatures and reduced wind and solar energy generation. Prices across Central Europe settled above €140/MWh, with a decrease in wind energy output across the region. The markets in Central Europe saw prices ranging between €141/MWh and €147/MWh. Slovakia had the highest price in the region at €167.11/MWh, a 17.53% increase compared to Week 06. Slovenia followed with a price of €161.91/MWh, while France had the lowest price in Central Europe at €140.73/MWh, a 1.93% increase from the previous week. The average European price for the week was around €152/MWh. The Spanish MIBEL market recorded lower prices, with Portugal and Spain posting average prices of €117.50/MWh and €117.64/MWh, respectively.
In Southeast Europe, all markets except Türkiye saw prices exceed €150/MWh. Prices ranged from €67/MWh to €168/MWh, with Türkiye being the lowest at €67.32/MWh. Italy followed as the second-cheapest market at €159.40/MWh. Hungary had the highest price in the region at €167.77/MWh, a 19.32% increase compared to the previous week, with Romania following at €166.67/MWh. Daily prices peaked on February 13, especially in Greece, Romania, Hungary, Croatia, and Bulgaria, where prices exceeded €200/MWh. Hungary recorded the highest price for the day at €205.91/MWh.
Electricity demand in the SEE region increased by 4.57% in Week 07 compared to Week 06 of 2025, amounting to 18,664.19 GWh. Greece saw the largest increase in demand, up by 15.96%, followed by Türkiye and Serbia, with demand rising by 6.69% and 5.53%, respectively. Italy and Croatia saw smaller increases of 3.26% and 4.19%, respectively. On the other hand, Hungary and Bulgaria experienced slight decreases in demand by 2.14% and 0.15%, respectively.
The output from variable renewable energy sources in the SEE region (excluding Italy) fell by 34.1%, totaling 1,594.22 GWh. Wind generation dropped by 39.7%, with the region producing 1,173.94 GWh due to weak wind conditions, especially in Croatia and Türkiye, which saw the largest decreases of 59.7% and 44.5%, respectively. Solar output also declined by 11.2%, totaling 421.08 GWh, with Hungary and Greece experiencing the largest decreases in solar generation at 33.2% and 30.1%, respectively.
On the other hand, hydropower output in the SEE region increased by 25.26%, reaching 1,734.54 GWh, largely driven by Türkiye, which contributed 379 GWh to the total. Türkiye and Bulgaria were the only countries to see increases in hydropower generation, with increases of 45.19% and 0.29%, respectively. Other countries, including Hungary, Serbia, Croatia, Romania, and Greece, saw declines in hydropower output.
Thermal power generation in the SEE region rose by 3.68% compared to Week 06 of 2025, reaching 6,986.88 GWh. This increase was mainly due to a growth of 8.45% in gas-fired generation, which amounted to 3,285.74 GWh, despite a slight decrease of 0.22% in coal-fired generation. Türkiye saw a decline in coal-fired generation by 1.30%, while its gas-fired generation surged by 8.74%. Greece experienced a decrease in lignite generation by 23.72%, but its gas-fired generation grew by 18.60%. Bulgaria saw an increase in coal generation by 11.23%, while gas-fired generation fell by 6.82%.
Regarding cross-border electricity trade, net electricity imports increased by 4.92% across the SEE region, reaching 1,265.23 GWh. Electricity exports from the region decreased by 36.8%, totaling 250.33 GWh, while imports fell by 5.4%, reaching 1,515.57 GWh. Croatia, Hungary, and Romania experienced higher net imports, increasing by 44.03%, 36.71%, and 18.22%, respectively. Türkiye remained the largest exporter, with net exports rising by 1.23%. Greece reduced its exporting activity, with a drop of 65.82% to 72.91 GWh, while Bulgaria and Serbia continued exporting, with volumes of 70.75 GWh and 6.94 GWh, respectively, down by 2.57% and 41.30%.
