Hungary’s HUPX day-ahead electricity price reached €214.28/MWh on October 8, up €3.50 from the previous day. Its premium over Germany widened to €74.93/MWh, compared with about €18.80. German prices fell by €52.70 to €139.35/MWh, while the change did not translate into comparable relief across southeastern Europe.
Serbia and Montenegro price moves in regional spreads
Serbia recorded the largest daily decline among the southeastern European exchanges covered, with SEEPEX falling €18.60 to €179.39/MWh. The move represented a drop of about 9.4%. Serbian power cleared at €34.89/MWh below Hungary and €29.41/MWh below Montenegro, where transmission capacity was available.
The lower Serbian price did not reflect an export surplus. The reported power balance still showed Serbia importing an average of 988 MW. Daily average spreads were also described as not necessarily indicating executable trading margins, which depend on hourly prices, available capacity and transaction costs.
BELEN in Montenegro rose by €11.40 to €208.80/MWh. The increase brought Montenegro closer to Romanian and Bulgarian levels and narrowed its discount to Hungary to €5.48/MWh. Romania’s OPCOM settled at €209.45/MWh, up €0.70, while Bulgaria’s IBEX increased by €9.80 to €208.40/MWh.
Southeastern Europe pricing range and transmission-linked spreads
The combination of Hungary, Romania, Bulgaria and Montenegro formed a relatively tight price group above €208/MWh. Albania remained the most expensive market in the report at €221.53/MWh, up €9.40/MWh. Greece was the cheapest at €165.25/MWh, followed by North Macedonia at €167.78/MWh.
The Albania–Greece spread reached €56.28/MWh. Croatia and Slovenia eased, with Croatia’s CROPEX at €200.81/MWh, down €3.50/MWh, and Slovenia’s BSP at €197.10/MWh, down €5.10/MWh. Italy slipped by €1.40/MWh to €218.84/MWh, keeping a premium of about €10/MWh over Montenegro.
Renewables forecasts, imports and forward market moves on October 8 data window
The regional outlook pointed to stronger renewable availability alongside modestly higher demand. Forecast average consumption increased by 284 MW to 29,944 MW. Solar generation was forecast at 6,118 MW , up 470 MW , while wind rose by 959 MW to 2,319 MW .
Total wind and solar output was forecast to rise by approximately 1.43 GW , compared with the increase in consumption of 284 MW . Net regional imports nevertheless fell by 466 MW to 2,004 MW . Imports through the Austria–Slovakia corridor into Hungary and Slovenia declined by 542 MW , reaching 1,528 MW .
Naturals gas, carbon and Hungarian forward premiums
The forward curve strengthened alongside day-ahead divergence signals. Hungarian week-42 power rose by €14 /MWh to €216/MWh , while November increased by €7 /MWh to €219.50/MWh . The November Hungary–Germany spread widened by €2 /MWh to a level of about €42/MWh .
Austrian gas prices also moved higher, with CEGH gas reaching €78.93/MWh , up €1.10 /MWh, while November gas rose by €2.50 /MWh to a level of about €79.50/MWh . EU carbon allowances increased by €0.50/t /t to reach a price of about . This kept fuel and emissions costs elevated for thermal generation.
