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 the beginning of November. The price level was reported in the latest regional market overview published by the Institute of Energy for South-East Europe (IENE).
Montenegro’s day-ahead price exceeded Serbia’s €292.45/MWh by €6.68/MWh and Croatia’s €294.89/MWh by €4.24/MWh. However, it remained below Bulgaria, where prices reached €301.69/MWh, while Albania recorded the highest price in the region at €333.03/MWh. Greece was comparatively less expensive, with a day-ahead price of €279.70/MWh.
The latest figures underline the persistence of high wholesale electricity prices across Western Balkan markets, despite differences in pricing conditions across Southeast Europe. Nevertheless, price gaps between neighbouring countries do not necessarily represent immediately accessible trading opportunities. The commercial value of cross-border transactions depends on available transmission capacity, capacity allocation mechanisms, scheduling requirements, network losses and applicable market regulations.
IENE’s weekly electricity generation and consumption data do not provide a separate supply-demand assessment for Montenegro, while the November 4 price figure represents only a single-day market observation. As a result, the available information does not establish the country’s electricity import and export volumes, procurement costs or the financial performance of domestic generators. A clearer picture of Montenegro’s electricity market position would require additional information from the national transmission system operator and electricity exchange, particularly to assess cross-border flows, domestic supply availability and the financial implications of prevailing wholesale prices.
