In Week 28 of 2025, electricity market prices declined across all Southeast European (SEE) countries compared to the previous week, falling below €100/MWh in all markets except Italy. This decrease was driven by milder temperatures reducing electricity demand and increased solar energy production across most markets. The week began with prices exceeding €100/MWh in all SEE countries but gradually fell to around €70/MWh by the end of the week. Croatia and Italy experienced the largest percentage drops in electricity prices at -17.50% and -11.76%, respectively. Hungary followed with an 11.55% decrease, while Serbia, Bulgaria, and Greece recorded smaller declines of -8.74%, -7.74%, and -3.84%, respectively.
In Central Europe, weekly average spot electricity prices also trended downward during the second week of July, with most major markets recording prices around €83/MWh. Slovakia was the most expensive market, averaging €94.36/MWh, which was an 8.82% decrease from the previous week, followed closely by Slovenia at €92.47/MWh. France had the lowest price in the region at €49.96/MWh, marking a significant weekly drop of 33.83%. In the Iberian MIBEL markets, prices declined modestly, with Spain experiencing a 15.73% decrease to €77.28/MWh and Portugal recording a 15.33% decline to €77.64/MWh.
Southern European countries all posted prices below €100/MWh except for Italy, which remained the highest at €108.38/MWh despite an 11.76% price drop. Türkiye recorded the lowest weekly average price at €61.33/MWh, followed by Bulgaria at €89.41/MWh. Hungary ranked as the second most expensive market in the SEE region with an average price of €93.74/MWh. Daily price peaks in most SEE markets occurred on Monday, July 7th, with the lowest prices recorded on Sunday, July 13th.
Electricity demand in the SEE region decreased by 3.5% compared to the previous week, reversing the upward trend seen earlier as the heatwave subsided and temperatures normalized. Italy and Croatia experienced the largest drops in electricity demand, at -16.05% and -15.26%, respectively, followed by declines in Serbia and Hungary. Conversely, Bulgaria and Romania saw slight increases in demand, while Türkiye’s demand grew notably by 9.16%.
Renewable electricity generation from variable sources in SEE declined slightly by 0.8% compared to the prior week, totaling 3,999.58 GWh. This slight decrease was largely due to a 12.8% reduction in wind power generation, amounting to 1,439.14 GWh, with Türkiye’s lower wind output (321.46 GWh) significantly impacting the region’s total wind production. In contrast, solar generation increased by 7.4% week-on-week, reaching 2,560.44 GWh, with Italy posting the highest solar growth at 37.7%. Hydropower production also rose sharply by 24.89%, totaling 2,910.30 GWh, driven by growth in nearly all SEE countries except Romania and Bulgaria. Hungary and Italy recorded the largest hydropower output increases at 77.80% and 53.14%, respectively, while Romania and Bulgaria experienced declines of 33.15% and 25.71%.
Thermal electricity generation in SEE markets increased by 3.02% despite the overall lower demand. Total thermal output reached 8,795.19 GWh, with both coal- and gas-fired generation rising. Coal-fired generation grew by 4.82% to 3,540.48 GWh, and gas-fired generation increased by 1.84% to 5,254.71 GWh. Türkiye saw a 2.75% rise in coal generation and a substantial 33.93% increase in gas-fired output. Meanwhile, Bulgaria’s coal and gas generation declined by 4.20% and 7.62%, respectively. Greece’s coal electricity generation fell sharply by 45.88%, accompanied by a slight 1.14% rise in gas-fired electricity production.
Regarding cross-border electricity trade, net electricity imports in the SEE region rose slightly by 1.88% in Week 28 compared to the previous week, totaling 1,168.41 GWh. However, electricity exports plunged by 33.4% to 235.21 GWh, while imports declined by 6.4% to 1,403.62 GWh. Serbia, Croatia, and Romania experienced significant decreases in net imports, with drops of 88.00%, 38.76%, and 28.18%, respectively. In contrast, Italy saw a 10.79% increase in net electricity imports. Greece, Bulgaria, and Türkiye maintained their exporting activities but recorded lower net exports, decreasing by 61.58%, 17.35%, and 13.07%, respectively.
