Hungary and Serbia electricity prices surge as SEE import dependence grows and German price gap widens

Southeastern European day-ahead electricity markets showed sharp price divergence on Thursday, with Hungary and Serbia trading above €260/MWh as stronger demand, tighter regional supply...
Market Snapshot SEE Power · Day-Ahead
Market Avg Price vs Yesterday
🇷🇸 Serbia 263.54 €/MWh +5.35%
🇭🇺 Hungary — —
🇷🇴 Romania 232.05 €/MWh -3.98%
🇧🇬 Bulgaria — —
🇭🇷 Croatia 203.38 €/MWh -12.17%
🇸🇮 Slovenia 198.28 €/MWh -12.95%
🇬🇷 Greece 228.57 €/MWh -0.72%
🇲🇰 N. Macedonia 273.13 €/MWh +5.69%
🇲🇪 Montenegro 219.58 €/MWh -3.49%
🇦🇱 Albania 316.17 €/MWh +7.94%
Delivery: 25 Oct 2026  ·  Updated: 25 Oct 2026 15:02

Market News Roundup CW42

Between October 12, 2026 and October 18, 2026, 61 articles were published. ...

SEE electricity prices surge as wind generation drops and Serbia becomes the region’s most expensive market

Southeast European day-ahead electricity prices rose sharply on Friday, with Serbia emerging as the region’s most expensive market as weaker wind generation, higher cross-border...

Southeast European electricity prices surge above €250/MWh as Serbia and Hungary face higher import costs

Electricity prices across Southeast Europe rose sharply for delivery on October 15, with Hungary and Serbia trading above €250/MWh as changing electricity balances in...

SEE electricity prices diverge by nearly €100/MWh as Greek renewables reshape regional power markets

Southeast European electricity markets recorded a sharp divergence in day-ahead prices for Wednesday delivery, with Serbia registering the region’s highest wholesale price at €234.67/MWh,...

Albania: ALPEX electricity trading surges 76% in September amid regional market expansion

Electricity trading on the Albanian Power Exchange (ALPEX) increased sharply in September 2026, highlighting the continued development of organised wholesale electricity markets in Albania...

SEE electricity markets: Serbia leads regional prices as Hungarian-German spread widens and import dependence persists

Southeast European electricity markets remained under significant price pressure for delivery on 13 October, with Serbia recording the highest day-ahead price among the regional...

LNG inflows rise across Southern Europe as high gas prices keep Southeast Europe exposed to global markets

Courtesy of Virtu.Energy LNG inflows into Greece and Italy increased sharply in Week 42, as Southeast Europe moved towards the winter period amid elevated gas...

Cross-border electricity flows reshape Southeast Europe’s power market as national trade positions diverge

Courtesy of Virtu.Energy Cross-border electricity flows emerged as one of the defining features of Southeast Europe’s power market in Week 42, as national trading positions...

European gas prices surge as rising fuel costs increase pressure on Southeast European power markets

European gas prices continued to climb in Week 42, adding to upward pressure on Southeast European electricity markets as the region approached winter with...

SEE renewable output jumps 30% as electricity prices continue to climb

Southeast Europe recorded a significant increase in renewable electricity production in Week 42, driven by a strong recovery in wind generation. However, wholesale electricity...

Bulgaria’s power market tightens as rising demand and lower renewable output erase export surplus

Bulgaria’s electricity market came under significant pressure in Week 42 as stronger domestic demand and declining renewable generation reduced the country’s exportable electricity surplus....

Greece strengthens its position as a regional electricity supplier amid rising renewable and gas-fired generation

Greece strengthened its position as one of Southeast Europe’s more competitive electricity markets in Week 42, combining higher renewable output and increased gas-fired generation...

Southeast Europe power price gaps widen as Serbia, Hungary and Romania outpace Greece

Southeast Europe’s electricity markets became significantly more fragmented in Week 42, as wholesale prices increased across the region but at sharply different rates. The...

Serbia leads Southeast Europe in power prices as demand surge drives import dependence

Serbia emerged as Southeast Europe’s most expensive wholesale electricity market in Week 42, highlighting the growing sensitivity of its power system to stronger consumption,...

Federation of Bosnia and Herzegovina raises wholesale gas price 12%

The Federation of Bosnia and Herzegovina has approved a 12% increase in wholesale natural gas costs, setting the price at €567 per 1,000 standard...

Romania weighs extending household gas protections beyond 2027

Romania may delay the full liberalisation of gas prices for households beyond March 2027, as policymakers weigh the risk of higher bills against the...

Fitch Affirms Romgaz at BBB- as Neptun Deep Raises Growth and Debt Risks

Romanian gas producer Romgaz has kept its BBB- rating, with a negative outlook, as expected growth from the Neptun Deep offshore gas development is...

Hungary Leads EU with €1.71 Billion in Russian Gas Purchases

Hungary remained the European Union’s largest buyer of Russian pipeline gas in the first eight months of 2026, underscoring the continued role of Russian...

Serbia readies €153 million gas interconnector with North Macedonia

Serbia is preparing construction of a new natural-gas interconnector with North Macedonia, adding another southern import route for gas entering Southeast Europe via Greece....

US extends Lukoil asset-sale talks to November 21 as SEE refineries draw interest

The United States has moved the deadline for talks on the sale of Lukoil’s international portfolio to November 21, giving potential buyers more time...

Albpetrol awards crude tender amid 100,400/101,400-tonne discrepancy

Albania’s state-owned oil producer Albpetrol has awarded a contract for the sale of crude oil to domestic companies Europetrol Durres and Bitex Refinery. The...

North Macedonia weighs restarting OKTA crude refining near Skopje

OKTA refinery restart review North Macedonia is examining whether crude-oil refining could resume at the OKTA refinery near Skopje, more than a decade after the...

North Macedonia extends oil-supply emergency framework to April 2027

North Macedonia has prolonged its oil-supply emergency framework, with the country’s parliament extending the measure until April 20, 2027. The extension keeps government powers...

Romania extends 25% diesel excise reduction until Oct. 31

Romania will keep a 25% reduction in diesel excise duty until Oct. 31, extending temporary relief for transport operators and other businesses. The decision...

Slovenia’s Brežice Solar Complex Reaches 15.34 MW

HESS, Slovenia’s hydropower producer, has commissioned two solar facilities at the Brežice hydropower plant, bringing total photovoltaic capacity at the site to 15.34 MW....

EPCG submits environmental assessment for 37.6 MW Kapino Polje B2 solar plant

Montenegro’s state-owned power utility EPCG has submitted an environmental-impact assessment for its planned 37.6 MW Kapino Polje B2 solar power plant near Nikšić, advancing...

Croatia to auction guarantees of origin for wind, solar and biomass on Oct. 27

Croatia will hold a new round of guarantees of origin auctions on Oct. 27, with certificates linked to wind, solar and biomass generation. The...

TDI financing for 58 MW Iratoșu solar plant in western Romania

TDI Renewables has secured €25.5 million in financing from Raiffeisen Bank International for its 58 MW Iratoșu solar power plant in western Romania. The...

MMK Vilusi requests environmental screening for 35 MW solar plant in Nikšić

MMK Vilusi has applied for environmental screening for a 35 MW solar power project in western Montenegro, with the development planned for the Nikšić...

Slovenia’s Brežice Solar Complex Reaches 15.34 MW

HESS, Slovenia’s hydropower producer, has commissioned two solar facilities at the Brežice hydropower plant, bringing total photovoltaic capacity at the site to 15.34 MW....

EPCG submits environmental assessment for 37.6 MW Kapino Polje B2 solar plant

Montenegro’s state-owned power utility EPCG has submitted an environmental-impact assessment for its planned 37.6 MW Kapino Polje B2 solar power plant near Nikšić, advancing...

Croatia to auction guarantees of origin for wind, solar and biomass on Oct. 27

Croatia will hold a new round of guarantees of origin auctions on Oct. 27, with certificates linked to wind, solar and biomass generation. The...

TDI financing for 58 MW Iratoșu solar plant in western Romania

TDI Renewables has secured €25.5 million in financing from Raiffeisen Bank International for its 58 MW Iratoșu solar power plant in western Romania. The...

MMK Vilusi requests environmental screening for 35 MW solar plant in Nikšić

MMK Vilusi has applied for environmental screening for a 35 MW solar power project in western Montenegro, with the development planned for the Nikšić...

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’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...

Djerdap 3 pumped-storage: Bechtel-Enka qualifies as Serbia prepares planning

Serbia has advanced work on the proposed Djerdap 3 pumped-storage hydropower project, with a Bechtel-Enka consortium qualifying for the next stage of government negotiations....

Bistrica hydropower project investment cost tops €171 million after €11 million recapitalization

The estimated investment value of HE Bistrica has risen from an original €102.5 million to more than €171 million, an increase of roughly 66%....

Hydropower output at Bosnia’s Višegrad plant falls in September 2026

September generation at 315 MW Višegrad Electricity generation at Bosnia and Herzegovina’s 315 MW Višegrad hydropower plant declined in September, according to figures from operator...

Romania targets early-2027 start for 400 kV Suceava-Bălți link

Romanian transmission system operator Transelectrica expects work on the 400 kV Suceava-Bălți connection with Moldova to begin in early 2027, as permits for the...

EPBiH coal shortages raise risk of further electricity tariff pressure in 2026-2027

EPBiH, the state-owned power utility in Bosnia and Herzegovina, faces renewed electricity-price pressure as coal supply problems contribute to losses. The company could see...

Bulgaria records 3.69 TWh net electricity export surplus through October 18, 2026

Bulgaria posted a net electricity export surplus of 3.69 TWh between January 1 and October 18, 2026. During the period, electricity output expanded faster...

Republika Srpska to raise electricity prices from 2027 amid Ugljevik coal issues

Businesses in Republika Srpska are expected to see higher electricity prices starting in January 2027, with households facing increases from March. The authorities are...

Transelectrica to invest over €2.25bn in Romania grid upgrades through 2035

Romanian transmission system operator Transelectrica plans to invest more than €2.25 billion between 2026 and 2035 as part of a ten-year grid programme. The...

Nuclearelectrica revises 2026 outlook as Cernavoda outages drive replacement power costs

Romanian nuclear producer Nuclearelectrica has reduced its forecast for 2026 net profit by 42.9% to €221 million. The company attributed the change to prolonged...

Krško nuclear plant generates 487,438 MWh in September 2026, misses target

The Krško nuclear power plant, jointly owned by Slovenia and Croatia, produced 487,438 MWh of net electricity in September 2026. Output was 1.53% below...

Romania reviews Doicești SMR after internal check leaves over 80% conditions unresolved

Romania’s nuclear power utility Nuclearelectrica is reassessing the future of the Doicești small modular reactor project following an internal review. The review concluded that...

Romania seeks shareholder nod for two €400m EIB loans for Cernavodă unit 1

Nuclearelectrica requests approval for EIB financing Romania’s Nuclearelectrica is seeking shareholder approval for two €400 million European Investment Bank loans to support the refurbishment of...

Cernavoda reactors stay offline until at least 15 October amid low Danube flows

Romania’s Cernavoda nuclear plant is expected to remain fully unavailable until at least 15 October, extending the country’s reliance on imported electricity. Low Danube...

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