In Week 07, the Southeast Europe (SEE) electricity market experienced significant price reductions as all monitored markets reported Week-on-Week (W-o-W) declines. The overall trend indicates improved supply conditions and a rebalancing of regional fundamentals. Serbia noted the most drastic price decrease at -23.03%, with average prices settling at €75.85/MWh, attributed to enhanced lignite and hydro availability that reduced reliance on imports. Bulgaria and Romania followed closely with declines of -18.64% and -18.50%, respectively, showcasing ongoing market coupling dynamics.
Greece’s Day-Ahead Market (DAM) prices fell to €88.44/MWh, a reduction of -11.28%, dipping below the €90/MWh mark due to diminished demand and increased renewable energy contributions. Italy’s prices decreased by -9.32% to €116.21/MWh, maintaining its status as the most expensive major market in the region. Meanwhile, Hungary and Croatia exhibited smaller adjustments at -7.94% and -1.12%, respectively, while Türkiye saw a nearly -15% drop to €42.66/MWh, remaining structurally disconnected from EU markets.
Demand for electricity across SEE decreased significantly in Week 07, totaling 17,854 GWh—a decline of 475 GWh or -2.59%. Türkiye retained its position as the largest consumer with 6,815 GWh (-1.53%), while Italy’s consumption fell by -2.09% to 5,818 GWh. Greece also reported a slight decrease of -2.11%, totaling 1,011 GWh, alongside Romania and Serbia which recorded reductions of -4% and -4.04%. Bulgaria faced the steepest decline at -6.87%, contributing to a broader pattern of reduced regional demand.
Variable renewable generation in SEE saw a contraction of -4% to 3,141.19 GWh during this period, primarily driven by weaker wind performance which fell by -5%. Notable reductions were observed in Romania, Croatia, and Italy; however, Greece’s output remained stable while Türkiye experienced modest growth in renewable generation. Solar energy production decreased by -1.1%, with declines in Greece, Bulgaria, and Türkiye offsetting gains in Romania and Hungary where total variable renewables surged by 39.1%, showcasing localized resilience.
Hydropower generation across the region varied but overall increased by 16.04% to reach 3,408.75 GWh, emphasizing its role as a key flexibility provider in the energy mix. Greece led this increase with a rise of 24.07%, while Croatia’s output surged over 670%, likely linked to effective reservoir management or seasonal inflows; Türkiye also boosted hydro generation by 17.53%. In contrast, both Romania and Bulgaria experienced declines in hydropower output, with Serbia facing a significant drop of -24.78%.
Thermal generation across SEE declined by -7.29% to 7,693.68 GWh due to reduced gas-fired production which fell sharply by -9.94%. This was particularly evident in Türkiye and Greece despite modest increases in coal utilization in Italy that slightly offset these losses from lignite and coal outputs which edged down by -3.44%. This shift reflects an ongoing trend towards reduced dependency on gas amid stronger hydro balancing.
Cross-border electricity flows showed a modest decrease as total net flows declined by -7.50% to 1,230.44 GWh during Week 07, indicating adjustments in regional trade patterns amidst changing domestic conditions and softer demand levels across SEE markets. Greece reduced its export levels while Romania significantly increased net imports; Bulgaria sharply cut back on net imports as well as Hungary and Serbia lowering their import volumes further still.
The mixed adjustments observed in cross-border flows align closely with evolving domestic generation landscapes within the region as utilities continue adapting to fluctuating demand dynamics.
