Week 24 again showed seven distinct day-ahead price signals across Southeast Europe, with each country moving differently despite generally lower regional averages. The divergence was linked to variations in demand levels, generation mixes, and cross-border trade flows.
Serbia’s day-ahead correction and trading volumes
Serbia registered the largest price drop in the region, with the average day-ahead price down 21.5% to €78.22/MWh. Variable renewable output increased by 76.8%, while demand rose by 2.0%. Coal generation still climbed by 66.0 GWh, and SEEPEX trading activity totaled just 120 GWh.
Italy’s premium pricing driven by demand and imports
Italy remained the region’s highest-price market in the snapshot, with prices averaging €123.17/MWh after a weekly decline. Demand increased by 6.7% to 5.12 TWh, while net imports reached 1.08 TWh. Thermal generation rose by 17.6%, and LNG inflows recovered to 3,803.52 GWh.
Greece, Bulgaria and shifting renewable balance
Greece recorded an increase in its average price, up 2.6% to €91.53/MWh, moving against the broader regional direction. Demand rose by 5.8% to 1.01 TWh, while solar generation increased by 22.8%. Wind output fell by 31.4% and hydro generation declined by 17.3%, leaving the system more exposed to renewable supply imbalances.
Bulgaria saw its average price decline by 7.2% to €93.58/MWh as demand grew by 3.0%. Hydro output fell by 21.8%, but renewable and thermal generation supported a 103.2% increase in net exports. The change reinforced Bulgaria’s role in Balkan power flows and cross-border stability.
Hungary and Croatia: import shifts and hydro-led adjustments
Hungary reduced net imports by 60.3%, while renewable output increased by 21.2%. Despite that shift, the average price reached €98.71/MWh, remaining structurally expensive relative to some peers in the snapshot. On June 17, Hungary posted the highest daily price in Southeast Europe at €123.79/MWh.
Croatia experienced softer pricing at €92.02/MWh after a decline in variable renewable output of 35.9%. Hydro generation increased by 43.5%, contributing to an 8.9% reduction in net imports. LNG inflows stayed stable at 640.83 GWh.
Türkiye’s low-price decoupling
Türkiye remained structurally decoupled from the rest of the region, with its average price at just €22.85/MWh. Demand increased by 3.8% to 6.74 TWh, while wind generation more than doubled and coal output rose by 260.6 GWh. Gas-fired generation declined by 20.8%, and net exports increased by 53.1%.
