In Week 24 of 2025, electricity market prices declined across all Southeast European (SEE) countries except Italy and Türkiye. Despite ongoing tensions in the Middle East and rising gas prices, European electricity prices have generally decreased recently. This trend was mainly driven by increased renewable energy production and high gas reserve levels. The week started and ended with prices below €100/MWh in all SEE countries except Italy, where prices remained above €100/MWh throughout. All SEE countries saw double-digit percentage drops in electricity prices except Italy and Türkiye. Hungary and Serbia recorded the largest declines, at -18.63% and -15.32% respectively. Bulgaria followed with a -15.32% decrease, while Croatia and Greece saw losses of -14.82% and -12.19%. Italy and Türkiye were the only countries to report price increases, rising by 13.86% and 33.70%, respectively.
During the second week of June 2025, average weekly spot electricity prices in Central Europe decreased. Most major Central European countries experienced prices around €60/MWh, with a range between €28/MWh and €80/MWh across the region. Slovenia was the most expensive market, averaging €79.79/MWh—a 13.14% drop compared to the previous week. Slovakia followed with €68.27/MWh. France recorded the lowest price in Central Europe at €28.14/MWh, marking a sharp weekly increase of 64.66%. Across Europe, weekly average electricity prices hovered around €69/MWh, ranging from €28.0/MWh in France to €113.55/MWh in Italy. In the Iberian MIBEL markets, prices rose significantly; Spain’s electricity price increased by 24.06% to €63.78/MWh, while Portugal’s rose by 18.07% to €65.26/MWh.
In Southern Europe, all SEE countries except Italy recorded prices close to €72/MWh. Prices in the region ranged between €48/MWh and €114/MWh. Türkiye posted the lowest weekly average at €48.44/MWh, followed by Hungary at €72.90/MWh, the second cheapest SEE market in the period. Italy had the highest average price in Week 24, at €113.55/MWh—a 13.86% increase from the previous week. Romania followed as the second most expensive market in the SEE region with an average price of €77.58/MWh. Most SEE markets saw peak daily prices on Friday, June 13th, with the lowest prices recorded on Sunday, June 15th.
Electricity demand in the SEE region surged by 13.47% in Week 24 compared to the previous week, reaching 15,395.40 GWh. The increase was driven by summer weather conditions, leading to widespread use of air conditioning. Warm and mostly sunny conditions boosted demand in most countries, while windy weather in some areas lowered demand. Türkiye, Italy, and Greece recorded two-digit demand increases of 26.48%, 12.74%, and 11.46%, respectively. Conversely, Hungary, Serbia, and Romania saw decreases in electricity demand of -8.43%, -5.91%, and -2.65%, respectively.
Generation from variable renewable sources in SEE markets soared by 61.7% compared to Week 23, totaling 3,399.36 GWh. Wind and solar output both saw significant increases. Wind power generation rose by 87.2% week-on-week, reaching 1,592.25 GWh, with Serbia and Italy registering the highest jumps at 126.2% and 106.2%, respectively. Solar generation increased by 44.3%, totaling 1,807.11 GWh, mainly due to a 195.3% surge in Italy’s solar output, adding 462.30 GWh. Türkiye, Greece, and Hungary also posted solar generation gains of 37.6%, 13.3%, and 3.3%, respectively. In contrast, Romania, Bulgaria, and Croatia experienced declines in solar production of -10.4%, -5.2%, and -4.3%.
Hydropower production in the SEE region rose by 8.6% week-on-week to 2,486.81 GWh. Italy saw a substantial increase in hydropower generation of 201.64%, while Greece recorded a 14.81% rise. Other SEE countries experienced reduced hydropower output, with Serbia and Romania seeing the largest decreases at -79.58% and -36.08%, respectively.
Thermal power generation in SEE markets increased by 29.10% compared to the previous week, totaling 4,953.73 GWh. Both coal- and gas-fired generation rose, with coal output increasing by 3.77% to 2,529.06 GWh and gas-fired generation surging by 73.19% to 2,424.66 GWh. Türkiye posted an 18.56% increase in coal-fired generation and a 64.73% increase in gas-fired output. Conversely, Bulgaria’s coal generation declined by -0.57%, and gas-fired generation dropped by -10.54%. Greece’s coal generation was zeroed, while gas-fired generation rose slightly by 1.24%.
Regarding cross-border electricity trade, net imports in the SEE region increased by 13.13% week-on-week to 1,383.36 GWh in Week 24. Electricity exports surged by 222.1% to 99.24 GWh, and imports rose by 18.3% to 1,482.60 GWh. Romania, Serbia, and Italy saw significant increases in net imports, rising by 296.78%, 30.95%, and 14.79%, respectively. Croatia and Hungary experienced decreases in net imports, falling by -24.43% and -2.47%. Greece and Bulgaria continued exporting electricity, increasing net exports to 38.95 GWh and 60.29 GWh, respectively. Türkiye shifted to a net importer position, with imports totaling 54.62 GWh.
