In Week 34 of 2025, electricity market prices declined across most South East European (SEE) countries compared to Week 30 (21–27 July 2025), with all markets moving to weekly average prices below €100/MWh except for Italy, which recorded the highest electricity price among the analysed markets. The price drop was driven by lower electricity demand as summer approached its end and temperatures became cooler. The week started with prices around €90/MWh in most SEE countries, but they trended downward, reaching an average of €60/MWh by the end of the week.
Greece and Bulgaria posted the steepest price decreases, with drops of 35.91% and 35.82% respectively. Romania followed with a decline of 33.09%, while Croatia and Serbia recorded drops of 31.85% and 30.08% respectively. Türkiye and Italy were the only countries in the SEE region to register single-digit declines.
In Central Europe, weekly average spot electricity prices also moved downward compared to Week 30, with all markets recording lower prices except France. Most major Central European markets saw prices near €77/MWh, ranging between €58/MWh and €85/MWh. Slovenia was the most expensive at €84.86/MWh, with a 30.49% decline from Week 30, followed closely by Switzerland at €84.55/MWh. France had the lowest price in Europe at €58.48/MWh, marking a 3.50% increase.
Across Europe, the average weekly electricity price was about €80/MWh, with prices ranging from €58.48/MWh in France to €106.05/MWh in Italy. In the MIBEL markets, prices rose significantly: Spain increased by 24.28% to €67.98/MWh, while Portugal reached €68.01/MWh, up by 24.26%. In Southern Europe, all SEE countries posted prices below €100/MWh except for Italy. Prices ranged from €64/MWh to €106/MWh, with Türkiye at the lowest (€64.12/MWh) and Greece the second cheapest (€77.80/MWh). Italy had the highest price at €106.05/MWh, down 3.42% from Week 30. Serbia (€83.75/MWh) and Hungary (€82.60/MWh) followed as the second and third most expensive markets in the SEE region. Most SEE markets saw their highest daily prices on Monday, August 18, and their lowest on Sunday, August 24.
Electricity demand in the SEE region fell by 10.20% compared to Week 30, totalling 16,765.04 GWh. Cooler August weather reduced the use of air conditioning. Greece and Italy recorded the largest demand drops, by 25.42% and 20.89% respectively, followed by Bulgaria (-12.94%) and Romania (-12.21%). Türkiye was the only country to register demand growth, at 2.42%.
Electricity generation from variable renewables in the SEE markets declined by 13.3% from Week 30, amounting to 3,231.35 GWh. Wind power generation fell by 13.8% to 1,358.05 GWh, with the largest declines in Greece (-22.3%) and Italy (-21.0%). Solar generation decreased by 12.9% to 1,873.31 GWh, with Bulgaria (-38.3%) and Romania (-19.5%) seeing the steepest drops.
Hydropower output in the SEE region dropped by 19.57% to 2,132.66 GWh, as all countries except Croatia recorded declines. Hungary (-57.64%) and Greece (-28.29%) had the largest decreases, while Croatia increased output by 10.72%. Thermal power generation fell by 12.03% to 7,953.80 GWh, with coal-fired generation down 2.90% to 3,484.66 GWh and gas-fired generation down 18.04% to 4,469.14 GWh. Türkiye increased coal output by 2.19% but saw gas generation fall by 3.44%. Bulgaria recorded a 25.26% fall in coal output and a 5.39% drop in gas generation. Greece produced no coal power in Week 34 and reduced gas output by 28.06%.
Net electricity imports in the SEE region fell by 32.46% to 893.06 GWh compared to Week 30. Exports grew by 380% to 241.27 GWh, while imports declined by 17.4% to 1,134.33 GWh. Romania and Croatia reduced net imports by 50.69% and 35.77% respectively, while Hungary’s net imports increased by 39.02%. Greece and Bulgaria shifted from being net importers in Week 30 to net exporters in Week 34, with 16.26 GWh and 105.39 GWh respectively. Türkiye remained a net exporter, with exports up 137.99%.
