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    Greece lifts net power exports 52.83% to 208.38 GWh

    Greece increased net electricity exports by 52.83% in the week to November 1, while remaining the lowest-priced of seven major regional power markets. Its weekly average day-ahead price rose, but stayed below prices in Romania and Italy.
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    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

    Live Trading News

    EU power importers face CBAM deadline on 30 September 2027

    Electricity
    EU electricity importers must declare embedded emissions and surrender CBAM certificates for power imported in 2026 by 30 September 2027. Certificate purchases begin in February 2027, making emissions evidence and the allocation of costs relevant to electricity contracts.

    Energy Community urges aligned CBAM rules for Western Balkans

    Electricity
    The Energy Community Secretariat called for closer coordination between Western Balkan electricity market integration and the EU’s carbon border rules. It warned that poorly aligned arrangements could discourage renewable investment and divide EU and non-EU electricity markets.

    CBAM puts Western Balkan renewable exports at financing risk

    Electricity
    EU carbon-border rules could affect the prices and revenues available to renewable projects in Serbia, Montenegro and the wider Western Balkans. Lenders may need to distinguish between domestic sales, exports under default emissions treatment and exports meeting actual-emissions evidence requirements.

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

    SEE Energy News
    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....

    Serbia: SEEPEX October power price surges 56% as trading volume climbs

    News Serbia Energy
    Trading volume on Serbia’s SEEPEX day-ahead electricity market reached 579,308 MWh in October, remaining broadly unchanged from September while increasing 13.2% year on year....

    SEE power prices rise as narrower German spread offers little relief to buyers

    SEE Energy News
    Electricity prices across southeast Europe rose during 26 October–1 November, increasing procurement costs for Serbian and Montenegrin buyers even as the region’s premium over...

    Markets

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    Serbia power prices reach nearly €287/MWh, raising buyer risks

    Serbia’s weekly average electricity price reached €286.55/MWh in late October, more than double its 2026 year-to-date average. The rise renewed focus on procurement and trading exposure across Southeast Europe.

    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...
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    Gas

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    European TTF gas could reach €150/MWh as diesel stays tight

    A 4 November assessment projects volatile European gas prices and persistent diesel tightness through winter 2026 to 2027. The conditional scenarios depend on weather, LNG availability, refinery operations and the recovery of disrupted oil flows.

    Gas costs can support Southeast European power above €170/MWh

    High gas costs can raise Southeast European electricity prices when weak hydro, low wind or thermal outages leave gas-fired plants setting the marginal price. In tight hours, gas-fired generation can support wholesale prices above €170-220/MWh.

    Serbia builds 1.5 bcm/year gas link as costs shape diversification

    Serbia is expanding gas-supply options with a 1.5 bcm per year interconnector to North Macedonia under construction. The commercial value will depend on delivered costs, route reliability, storage and the expense of new infrastructure.

    Romanian offshore gas growth puts export capacity in focus

    Romania’s expected offshore gas production growth could leave additional supply discounted domestically unless cross-border capacity can move it to higher-priced markets. Capacity constraints could also increase the value of transmission upgrades and create recurring price spreads with Hungary and Serbia.

    Neptun Deep’s planned 8 bcm output could cut Romania’s gas imports

    Romania’s Neptun Deep development is planned to reach plateau output of about 8 bcm a year, potentially reducing domestic import needs and freeing gas for neighbouring markets. The regional impact will depend on production timing, sales contracts and cross-border capacity.

    Oil

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    European TTF gas could reach €150/MWh as diesel stays tight

    A 4 November assessment projects volatile European gas prices and persistent diesel tightness through winter 2026 to 2027. The conditional scenarios depend on weather, LNG availability, refinery operations and the recovery of disrupted oil flows.

    Burgas output of 240,000-260,000 tonnes shapes Balkan diesel supply

    Diesel supply and prices across Southeast Europe depend on refinery performance and the routes available to move replacement fuel. Disruptions can redirect trade and raise costs across borders.

    NIS operating window extends to 11 December 2026 amid uncertainty

    Serbia’s crude supply chain remains dependent on temporary sanctions authorisations, with the operating window for NIS and corresponding JANAF activities extended to 11 December 2026. Uncertainty persists over MOL’s proposed acquisition of the Russian majority stake in NIS.

    Petrobrazi runs at 100% in Q3, above 98% over nine months

    OMV Petrom's Petrobrazi refinery in Romania operated above 98% utilisation in the first nine months of 2026 and at 100% in the third quarter. High throughput supports Romanian fuel supply and positions the refinery to benefit from strong product margins.

    INA completes nearly €700 million Rijeka refinery upgrade

    INA’s completed upgrade at its Rijeka refinery increases diesel yield and crude flexibility. The project could strengthen fuel supply and refinery economics across nearby Adriatic markets.

    Solar

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    Greek renewable curtailment reaches 2.063 TWh, strengthening storage case

    Rising curtailment and falling solar capture prices in Greece are increasing the importance of storage and shaped power contracts for financing new photovoltaic projects across Southeast Europe.

    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.

    Wind

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    Greek renewable curtailment reaches 2.063 TWh, strengthening storage case

    Rising curtailment and falling solar capture prices in Greece are increasing the importance of storage and shaped power contracts for financing new photovoltaic projects across Southeast Europe.

    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.

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    Specials

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    EU verifier guidance tightens evidence requirements for CBAM electricity

    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

    Markets
    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

    Markets
    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

    Markets
    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

    SEE Energy News
    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

    Electricity
    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

    Electricity
    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

    Markets
    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....

    Hydro

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    Montenegro hydro output drops 36.3% as Balkan supply risks rise

    Drought is reducing hydroelectric output and constraining nuclear generation across the Balkans, increasing exposure to electricity imports. The pressure highlights the role of diversified generation, storage and interconnection.

    Montenegro’s Italy power exports rise around 80% as hydro risks grow

    Weak hydro production is increasing Montenegro’s import risks and the value of a diversified energy portfolio. Electricity exports to Italy were around 80% higher in Q3 2026 than a year earlier, according to Energy Community monitoring.

    Croatia day-ahead prices rise 14.3% to nearly €271/MWh

    Croatia recorded Southeast Europe's largest weekly increase in average day-ahead electricity prices in the week to November 1, despite higher renewable output and lower net imports. Its price premium over Greece widened to €15.88/MWh.

    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...

    Electricity

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    Winter forecast puts Southeast power prices at €160 to €295/MWh

    Southeast European electricity prices could ease in Q4 2026 and Q1 2027 if nuclear capacity returns and hydro inflows improve. Gas costs and transmission constraints are expected to sustain premiums during tight periods.

    Western Balkan power trade recovers as spreads exceed €20/MWh

    Western Balkan electricity trade with the European Union recovered from the second quarter but remained below year-earlier levels. Wider price spreads, weaker convergence and CBAM costs are complicating cross-border sales.

    Hungary, Bulgaria and Romania clear near €300/MWh on 4 November

    Power prices in Hungary, Bulgaria and Romania reached close to €300/MWh on 4 November, keeping Southeast European prices above western European levels despite expanding renewable capacity. Constrained firm generation, scarce flexibility and transmission limits contributed to the premium.

    CBAM evidence gap could cost Western Balkan wind €8.9 million

    Low-carbon electricity from Western Balkan renewable projects will not automatically qualify for actual-emissions treatment under the EU’s CBAM. The Energy Community Secretariat modelled €8.9 million in opportunity costs for a 130 MW wind project over six months if it had to sell locally instead of accessing higher-priced EU markets.

    EU power importers face CBAM deadline on 30 September 2027

    EU electricity importers must declare embedded emissions and surrender CBAM certificates for power imported in 2026 by 30 September 2027. Certificate purchases begin in February 2027, making emissions evidence and the allocation of costs relevant to electricity contracts.

    Nuclear

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    Romania’s 700 MW reactor return set for 6 November

    Cernavodă Unit 1 is scheduled to resynchronise on 6 November after more than three months offline. Its availability, alongside other reactor restarts and outages, will shape winter import needs and power prices across Southeast Europe.

    Romania imports power for 21 hours as nuclear outages persist

    Romania imported electricity for 21 of 24 hours on 3 November despite renewables supplying around two-thirds of generation. Reactor restart prospects and the cost and timing of grid connections will shape supply and new project economics.

    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.

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