SEE power prices diverge around €300/MWh as imports increase and Serbia declines

Southeast European day-ahead electricity prices remained elevated at around €300/MWh on November 4, although widening differences between individual markets pointed to increasing regional fragmentation....
Market Snapshot SEE Power · Day-Ahead
Market Avg Price vs Yesterday
🇷🇸 Serbia — —
🇭🇺 Hungary 307.07 €/MWh —
🇷🇴 Romania — —
🇧🇬 Bulgaria — —
🇭🇷 Croatia — —
🇸🇮 Slovenia — —
🇬🇷 Greece — —
🇲🇰 N. Macedonia — —
🇲🇪 Montenegro — —
🇦🇱 Albania — —
Delivery: 05 Nov 2026  ·  Updated: 05 Nov 2026 15:03

Market News Roundup CW44

Between October 26, 2026 and November 1, 2026, 63 articles were published. ...

Eastern SEE electricity prices remain near €300/MWh as falling renewable output boosts import dependence

Day-ahead electricity prices across Southeast Europe declined from Thursday’s extreme levels on 30 October, although markets in the eastern part of the region remained...

Eastern SEE power prices hold near €300/MWh as weaker renewables drive higher imports

Day-ahead electricity prices across Southeast Europe eased from Thursday’s extreme levels on 30 October, but markets in the eastern part of the region remained...

Southeast European electricity prices top €300/MWh as evening supply tightens

Southeast European day-ahead electricity prices surged on October 29, with most regional markets trading above €300/MWh as stronger demand, declining wind generation and elevated...

Southeast European power prices surge as renewable output and imports decline

Southeast European day-ahead electricity prices surged on 28 October, with Romania, Bulgaria, Hungary, Albania and Serbia recording prices close to or above €300/MWh. Reduced...

Southeast European power prices drop as renewable output rises and import needs ease

Southeast European day-ahead electricity prices declined sharply across most markets on Tuesday, with Serbia, Greece and Hungary recording some of the largest drops. Higher...

EPCG targets 500 MWh of batteries for portfolio optimisation

EPCG’s memorandum with Japan’s PowerX sets an indicative target of about 500 MWh of battery storage over an initial three-year period. The commercial opportunity is to coordinate batteries with hydro, rising solar output and cross-border trading, rather than rely on standalone arbitrage.

Hungary boosts gas-fired power generation by nearly 70% amid rising demand and electricity prices

Hungary recorded a 69.52% weekly increase in gas-fired electricity generation in the week ended November 1, as stronger electricity demand and declining wind and...

Romania records Southeast Europe’s highest power prices as net imports decline sharply

Romania recorded the highest average day-ahead electricity price in Southeast Europe among the seven major markets monitored by the Institute of Energy for South-East...

Bulgaria shifts to net electricity imports as renewable generation declines

Bulgaria shifted from a net electricity exporter to a net importer in the week ended November 1, as rising consumption and falling wind and...

Montenegro’s day-ahead electricity price approaches €300/MWh amid sustained Balkan market premiums

Montenegro's day-ahead electricity price climbed to €299.13/MWh on November 4, placing the country among the most expensive electricity markets in the Western Balkans at...

Serbia’s electricity demand jumps 8.4% as renewables decline and imports increase

Serbia recorded an 8.38% increase in electricity consumption, reaching 699.41 GWh in the week ended November 1, placing it among the markets with the...

Southeast European electricity prices surge nearly 10% amid tightening supply conditions

Southeast European wholesale electricity prices increased across all monitored markets in the week ended November 1, as stronger electricity demand and declining renewable generation...

Romania auctions grid connection capacity as network scarcity reshapes power investment

Romania is introducing competitive auctions for electricity-grid connection capacity, turning access to transmission and distribution infrastructure into a separately priced investment requirement that could...

430-MW Iernut Plant Targets June 2027 Commercial Operation

Romania’s delayed Iernut gas-fired power plant is scheduled to begin commercial operation by the end of June 2027. The revised timetable targets connection of...

Bulgaria Sets November Gas Price at €58.4/MWh After 32.52% Rise

Bulgaria’s energy regulator approved a 32.52% rise in the regulated wholesale natural gas price for November, citing higher import costs and a sharp increase...

Bosnia-Croatia Gas Link Faces Delay as €1.5 Billion Route Is Reassessed

The planned gas interconnection between Bosnia and Herzegovina and Croatia is facing further delays as AAFS Infrastructure and Energy commissions a feasibility study of...

SOCAR Opens 100th Fuel Station in Romania

Azerbaijan’s state-owned SOCAR has opened its 100th petrol station in Romania, where it entered the market in 2011. The new outlet is in Galati....

HEP receives two bids for Croatia’s 85 MW Osijek gas plant

In Croatia, electricity utility HEP received two offers for engineering and permitting work on a planned 85 MW combined heat and power plant in...

North Macedonia’s OKTA lifts nine-month profit to more than 34 million euros

OKTA’s net profit rose to 34.1 million euros in the first nine months of 2026 from 7.3 million euros a year earlier, while revenue increased 105% to 953 million euros. Expenses also climbed, rising 101% to approximately 891 million euros.

Hungary targets agreement on Russian NIS stake by 11 December 2026

Hungary expects talks over the sale of Russian ownership in Serbian oil company NIS to reach an agreement by 11 December 2026, with MOL identified as a potential buyer. The transaction remains subject to sanctions clearance and regulatory approvals.

North Macedonia’s OKTA records €34.1 million nine-month profit

OKTA’s net profit rose to €34.1 million in the first nine months of 2026 from €7.3 million a year earlier, while sales revenue more than doubled. Expenses also climbed, increasing 101% to approximately €891 million.

Croatia’s JANAF lifts nine-month profit 5.7% to €35.2 million

In Croatia, oil pipeline operator JANAF raised net profit by 5.7% year on year to €35.2 million in the first nine months of 2026,...

NIS earns €197 million in nine months as refining margins strengthen

Serbia’s oil producer and refiner NIS recorded €197 million in net profit in the first nine months of 2026. EBITDA was €510 million, while...

Bulgaria’s battery fleet exceeds 6 GW as solar shifts to storage

Battery operators across Southeast Europe are increasingly buying solar-heavy midday electricity and shifting it for sale in later hours, with Bulgaria leading the trend. Serbia has begun recording negative day-ahead prices, which can provide a variable source of low-cost electricity for storage.

Bulgaria Battery Fleet Exceeds 6 GW as Solar Moves to Storage

Battery operators across Southeast Europe are increasingly buying solar-heavy midday electricity to sell later, with Bulgaria leading the trend. Serbia has begun recording negative day-ahead prices, creating a potential but variable source of low-cost power for storage.

Montenegro requires assessment for 60 MW, 50 million euros Velestovo project

Montenegro’s Environmental Protection Agency has given Nu Energy two years to submit a full environmental impact assessment for its proposed Velestovo solar-and-storage project. The agency will decide whether the 60 MW scheme can proceed after reviewing its environmental effects.

Montenegro orders assessment for proposed 60 MW Velestovo solar project

Montenegro’s Environmental Protection Agency has given the developer of the proposed Velestovo solar-and-storage project two years to submit a full environmental impact assessment. The agency will decide whether the 60 MW, 50 million euro project can proceed after reviewing its expected effects.

Montenegro Requires Full Study for 120-MW Cevo Solar Plant

Montenegro’s Environmental Protection Agency has required Permonte to prepare a full environmental impact assessment for its proposed 120-MW Cevo solar development near Cetinje. The...

Bulgaria’s battery fleet exceeds 6 GW as solar shifts to storage

Battery operators across Southeast Europe are increasingly buying solar-heavy midday electricity and shifting it for sale in later hours, with Bulgaria leading the trend. Serbia has begun recording negative day-ahead prices, which can provide a variable source of low-cost electricity for storage.

Bulgaria Battery Fleet Exceeds 6 GW as Solar Moves to Storage

Battery operators across Southeast Europe are increasingly buying solar-heavy midday electricity to sell later, with Bulgaria leading the trend. Serbia has begun recording negative day-ahead prices, creating a potential but variable source of low-cost power for storage.

Montenegro requires assessment for 60 MW, 50 million euros Velestovo project

Montenegro’s Environmental Protection Agency has given Nu Energy two years to submit a full environmental impact assessment for its proposed Velestovo solar-and-storage project. The agency will decide whether the 60 MW scheme can proceed after reviewing its environmental effects.

Montenegro orders assessment for proposed 60 MW Velestovo solar project

Montenegro’s Environmental Protection Agency has given the developer of the proposed Velestovo solar-and-storage project two years to submit a full environmental impact assessment. The agency will decide whether the 60 MW, 50 million euro project can proceed after reviewing its expected effects.

Montenegro Requires Full Study for 120-MW Cevo Solar Plant

Montenegro’s Environmental Protection Agency has required Permonte to prepare a full environmental impact assessment for its proposed 120-MW Cevo solar development near Cetinje. The...

Serbia Business News

Regional Coverage

EU verifier guidance tightens evidence requirements for CBAM electricity

New European Commission guidance has shifted the European Union’s carbon border levy for imported electricity from a largely regulatory requirement into a detailed verification...

Serbia’s renewable developers face a two-market test under EU carbon rules

Serbian wind and solar developers are increasingly facing a route-to-market decision that goes beyond the traditional choice between merchant exposure and long-term power purchase...

Serbian industry’s renewable PPAs offer no automatic shortcut through CBAM

Serbian industrial companies are increasingly treating renewable power purchase agreements as tools for energy security, cost management and export competitiveness. Yet the growing use...

Europe’s green power imports discover that CBAM value is settled hour by hour

A Serbian wind or solar plant may produce electricity with negligible direct operational emissions. That does not mean, however, that an EU buyer can...

EU CBAM electricity claims rely on auditable MRV evidence chain

Renewable electricity has typically been traded using a set of instruments in which the producer supplies power, the trader handles scheduling and balancing, and...

Verified green electricity platform for CBAM-ready industrial supply in Serbia

Serbia’s verified green electricity platform is designed to connect wind generation, solar generation and 100 MW battery storage with industrial electricity demand and verified...

CBAM-ready electricity contracts in Serbia: evidence chains for producers and buyers

Under CBAM, indirect emissions are calculated by multiplying electricity consumed in production by an applicable electricity emission factor, which may be a grid factor...

CBAM indirect emissions shift: exporters need electricity metering architecture

The European Commission’s technical study on indirect emissions in the Carbon Border Adjustment Mechanism (CBAM) was published through DG TAXUD on 8 June 2026....

Slovenia advances Mokrice hydropower project towards construction

Slovenia’s government has found that the public benefits of the Mokrice hydropower project outweigh its environmental impact, clearing another major regulatory hurdle for the...

EPCG Appoints Supervisor for 3.2 MW Otilovići Plant

Montenegro’s utility EPCG has appointed local engineering company Sistem-MNE to oversee construction of the 3.2 MW Otilovići small hydropower plant near Pljevlja. Sistem-MNE was...

Bosnia and Herzegovina launches €32.3 million Bistrica grid tender

The Bistrica hydropower development in Bosnia and Herzegovina’s Republic of Srpska has opened a €32.3 million tender for infrastructure to connect its three planned...

Slovenia’s Mokrice hydropower plant could start construction in 2027-28

Construction of Slovenia’s long-delayed Mokrice hydropower plant could begin in late 2027 or early 2028, subject to permitting and possible legal challenges. The project...

Serbia targets mid-2027 JICA deal for Bistrica pumped storage

Serbia aims to sign a financing agreement with the Japan International Cooperation Agency (JICA) by mid-2027 for the planned Bistrica pumped-storage hydropower plant, as...

Nocaj’s 72 MWh battery can improve Serbian exporters’ CBAM readiness

Battery storage can make renewable electricity more predictable for Serbian exporters and improve the commercial case for renewable projects. It does not reduce embedded emissions by itself or replace CBAM evidence requirements.

Serbia’s around 2 GW battery agreements face financing test

Around 2 GW of battery storage connection agreements were reported in Serbia in 2026, but the first standalone projects still need to establish a local financing template. EMS requires a construction bank guarantee before transmission-connected projects can advance to connection contracts.

North Macedonia frames 100 MW Bitola battery as grid infrastructure

North Macedonia is structuring its planned 100 MW / 400 MWh Bitola battery as strategic grid infrastructure, with an estimated cost of EUR 98 million. The EBRD is considering a sovereign-guaranteed loan of up to EUR 33.1 million, alongside other expected financing.

Serbia’s 1,027 MW import need highlights battery storage value

Serbia’s forecast power balance on 15 October required about 1,027 MW of scheduled net imports, while SEEPEX recorded 368.6 €/MWh at hour 20. Battery storage could reduce exposure to the most expensive deficit hours and improve trading flexibility, but would not eliminate the country’s energy shortfall or import dependence.

Serbian industry weighs battery ownership as SEEPEX reaches EUR 368.6/MWh

Serbian industrial companies must weigh owning batteries against buying flexibility as a service. The choice depends on whether factory-specific savings or market optimisation provides most of the battery’s value.

Nuclearelectrica targets 6 November restart for 700 MW Romanian reactor

Nuclearelectrica expects to reconnect Cernavoda Unit 1 on 6 November 2026 after more than three months offline because low Danube levels disrupted cooling-water supplies. Unit 2 is expected to remain offline until river conditions support both reactors operating simultaneously.

Turkey, South Korea sign three energy and industry accords

The agreements cover nuclear energy, clean technologies and industrial cooperation. A non-binding arrangement will let TUNAS and KEXIM examine financing structures for potential Turkish nuclear projects.

Three memorandums link Turkey and South Korea on energy and industry

Turkey and South Korea signed three memorandums covering nuclear energy, clean technologies and industrial cooperation. A non-binding arrangement will let TUNAS and KEXIM examine financing structures for potential Turkish nuclear projects.

Romania’s 700 MW Cernavoda Unit 1 targets 6 November restart

Nuclearelectrica expects to reconnect Cernavoda Unit 1 to the grid on 6 November 2026 after a shutdown of more than three months caused by low Danube water levels. Unit 2 is expected to remain offline until river conditions support both reactors operating at once.

Nuclearelectrica shareholders approve €800 million in EIB loans

Shareholders of Nuclearelectrica have approved €800 million in European Investment Bank financing for the refurbishment of Unit 1 at Romania’s Cernavoda nuclear power plant....

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