In the tenth week of 2025, electricity prices across Southeast Europe (SEE) dropped significantly, driven by warmer temperatures that reduced demand. Additionally, a decline in gas prices eased electricity market pressures throughout Europe. Most SEE markets experienced double-digit price declines, with the exception of Italy. While the week began with an upward price trend, a sharp decline followed from midweek onwards.
Greece and Bulgaria saw the most substantial price reductions, with electricity costs falling by 31.65% and 28.42%, respectively. Serbia and Romania followed, with declines of 28.2% and 26.32%. Italy recorded the smallest drop in the region, with electricity prices decreasing by 7.23%.
During the first week of March, electricity prices in Central Europe also declined, forming a clear market trend with most prices staying below €100/MWh. The region’s electricity markets recorded prices between €76–116/MWh. Switzerland was the most expensive market in Central Europe at €115.51/MWh, reflecting a 13.71% decrease from the previous week. Slovenia followed at €109.13/MWh, while France had the lowest electricity price at €75.80/MWh, marking a 25.04% week-on-week decline.
Across Europe, weekly average electricity prices hovered around €100/MWh. Prices ranged from €65.88/MWh in the MIBEL market (Spain and Portugal) to €123.11/MWh in Italy. The MIBEL market recorded a significant 28.14% price drop, bringing the weekly average to €65.88/MWh.
In Southern Europe, all SEE countries except Türkiye posted electricity prices above €109/MWh. Within the region, Serbia had the second-lowest electricity price at €109.53/MWh, while the Italian market remained the most expensive at €123.11/MWh, despite its 7.23% price drop. Hungary followed as the second most expensive SEE market at €119.49/MWh.
Regarding daily trends, most SEE electricity markets saw their highest prices on Tuesday, March 4, while the lowest prices occurred on Friday, March 9, ranging between €76–85/MWh. Italy’s lowest price, however, was recorded on Thursday, March 8, at €105.78/MWh.
Electricity demand in SEE declined in Week 10 of 2025, except in Greece. Warmer weather, caused by a persistent high-pressure system across central, eastern, and northern Europe, led to lower consumption. Overall, SEE electricity demand dropped by 7.89% compared to Week 9, amounting to 16,825.12 GWh.
Hungary registered the steepest demand decline at 16.72%, followed by Romania (-13.22%) and Italy (-11.41%). Bulgaria, Serbia, and Türkiye also recorded decreases of 10.99%, 9.9%, and 2.51%, respectively. Greece was the only SEE country to report higher electricity demand, increasing by 1.44%, as it remained on the edge of the high-pressure system, keeping temperatures slightly lower.
Renewable energy output surged in SEE markets during Week 10 of 2025, rising by 40.5% to reach 2,494.09 GWh. Stronger wind speeds boosted generation significantly, while solar output also increased.
Wind power generation across the region jumped by 82.8% to 1,337.20 GWh. Greece and Türkiye led the increase, with wind output surging by 232.2% and 191.9%, respectively. Solar generation also rose by 68.1% to 1,056.90 GWh, with Romania and Hungary posting the highest growth at 250% and 101.8%, respectively.
In contrast, hydropower generation declined by 15.41% compared to Week 9, with total output at 1,362.80 GWh. Italy and Türkiye were the primary contributors to this decline, reducing their hydropower generation by 504.73 GWh and 205.79 GWh, respectively. All SEE countries, except Romania and Croatia, saw reduced hydropower generation. Italy, Bulgaria, Greece, and Türkiye recorded declines of 51.39%, 40.16%, 26.59%, and 18.41%, respectively. Romania and Croatia, on the other hand, increased their hydropower output by 1.46% and 1.15%, respectively.
Thermal power generation in SEE increased by 14.49% compared to the previous week, reaching 12,378.08 GWh. This rise resulted from a 27.31% increase in gas-fired power generation, which reached 9,008.93 GWh, despite a 9.79% decline in coal-fired generation, which totaled 3,369.15 GWh.
Türkiye’s coal-fired generation decreased by 3.62%, while its gas-fired generation fell sharply by 32.81%. Greece’s lignite and gas-fired generation also dropped by 97.06% and 37.72%, respectively. In Bulgaria, coal and gas-fired electricity production fell by 46.86% and 4.96%, respectively.
Net electricity imports in the SEE region decreased by 8.87% in Week 10 compared to Week 9, amounting to 1,223.43 GWh. During this period, electricity exports from the region surged by 64.9% to 164.73 GWh, while imports fell by 3.8% to 1,388.16 GWh.
Hungary saw a significant decline in net electricity imports, dropping by 40.34%, whereas Serbia, Croatia, and Italy increased their net imports by 48.74%, 27.58%, and 5.68%, respectively.
On the export side, Türkiye remained a net electricity exporter but reduced its net exports by 71.71% compared to the previous week. Greece became a net electricity exporter, with net exports totaling 93.88 GWh, while Bulgaria remained an exporter, supplying 44.47 GWh to the regional market.
