In Week 14 of 2025, electricity prices across Southeast Europe (SEE) saw a slight decrease, driven by lower electricity demand, falling gas and CO₂ prices, and increased solar energy production. Although prices initially surpassed €100/MWh, they gradually dropped throughout the week. Notably, Croatia and Serbia experienced the largest price reductions, with decreases of -23.52% and -16.77%, respectively. Hungary and Romania followed with reductions of -13.34% and -13.26%, while Türkiye, Greece and Italy saw smaller declines of -6.04%, -5.37%, and -4.37%, respectively.
In Central Europe, the first week of April 2025 also saw a general drop in spot electricity prices, falling below €90/MWh in most countries, except for Switzerland. Lower electricity demand, supported by milder temperatures and a boost in wind and solar generation, contributed to the trend. Electricity prices ranged from €38 to €94/MWh. Switzerland had the highest prices at €94.42/MWh, a -17.77% decrease from Week 13, while Slovakia recorded €88.26/MWh. France had the lowest price in the region at €38.26/MWh, down -46.49% from the previous week.
In Week 14, the European weekly average price stood at €78/MWh, with a range between €28.58/MWh in Portugal and €114.23/MWh in Italy. In the MIBEL market, Portugal and Spain saw price drops, reaching €28.58/MWh and €28.62/MWh, down by -6.33% and -5.42%, respectively. In Southern Europe, most SEE countries recorded prices below €100/MWh, except Italy and Greece. Türkiye had the lowest average price at €51.18/MWh, with Serbia following at €83.71/MWh. Italy had the highest average price at €114.23/MWh, though still a -4.37% decrease compared to the previous week.
Daily price patterns showed that most SEE markets experienced peak prices on Monday, March 31, 2025, with the lowest prices occurring on Friday, April 4. Overall, electricity demand across the SEE region dropped significantly, with a -12.75% decline compared to Week 13, totaling 14,397.90 GWh. Hungary recorded the largest decrease in demand, at -21.23%, followed by Türkiye (-18.96%) and Bulgaria (-15.70%). Croatia, Italy, and Greece saw smaller reductions of -6.13%, -5.18%, and -2.88%, respectively.
Electricity production from variable renewable sources in the SEE region slightly declined by -0.5% to 2,101.63 GWh in Week 14. This drop was primarily due to lower wind speeds across several countries, which resulted in reduced wind energy production. Wind generation fell by -4.7%, totaling 1,241.66 GWh, with significant drops in Romania, Greece, Bulgaria, and Serbia. Conversely, solar generation increased by 17.5%, reaching 794.29 GWh, with Hungary, Italy, and Croatia recording the largest increases.
Hydropower generation rose by 12.58% in Week 14, reaching 2,320.33 GWh, with increases in all SEE countries except Croatia and Bulgaria. Serbia and Romania saw the largest increases, at 33.05% and 22.37%, respectively. In contrast, Croatia and Bulgaria experienced declines in hydropower output by -28.60% and -18.08%.
Thermal power generation dropped sharply in the SEE region by -18.94%, totaling 5,548.93 GWh, driven by a -13.72% decrease in coal-fired generation and a -22.11% decline in gas-fired generation. Türkiye experienced notable drops in both coal- and gas-fired power, while Greece saw an increase in lignite-fired generation. Bulgaria recorded modest growth in coal-fired and gas-fired generation.
Cross-border electricity trade in the SEE region rose by 5.27%, with net electricity imports totaling 1,263.28 GWh. Imports into the region increased by 4.1% to 1,371.85 GWh, while exports fell by -7.8%, totaling 108.57 GWh. Greece, Romania, and Italy saw significant increases in net imports, while Hungary experienced a sharp decline. On the export side, Bulgaria and Türkiye saw reduced net exports, while Croatia shifted from being a net importer to a net exporter, with Serbia also experiencing a slight decline in net exports.
