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.
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

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.

Energy Community urges aligned CBAM rules for Western Balkans

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

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

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

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

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...

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...

European gas futures top €100/MWh, lifting winter fuel risks

Late-October gas prices raised fuel-cost risks for Southeast Europe's gas-fired power fleet as storage remained low and LNG deliveries uncertain. Gas-fired output also rose in Hungary and Greece during the reporting week.

Greece LNG inflows jump 35.9% as regional supply rises

LNG inflows increased in Greece, Croatia and Italy in the week to November 1 compared with Week 43. Italy had the largest volume, while Greece recorded the biggest percentage gain.

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...

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....

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...

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...

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.

Energy Community urges aligned CBAM rules for Western Balkans

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

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.

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.

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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