Electricity import in the SEE region in week 38 was much higher than in the previous two weeks. In the same period, the average price at the Hungarian exchange HUPX settled much above EPEX-DE, contrary to week 36 and week 37.
Hydro generation and solar generation decreased in week 38, which had the strongest contribution to high SEE imports.
Week 38 did have a significantly worse power balance than the previous two weeks, but most of the days of the week had HUPX settlement quite close to EPEX-DE. A negative HU-DE spread was recorded on Sunday.
On Tuesday and Wednesday, the HU-DE price difference was 48.3 euros/MWh and 49.75 euros/MWh, respectively. French and German prices were too low and in many hours around zero, which is a price level that the SEE region could not follow.
The German market was exporter in most of the hours in those two days due to the higher wind generation, which was uncommon in past weeks.
It is important that the Montenegro—Italy cable was in maintenance. But this would not induce strong imports from Italy on those two days, as the Italian CSUD price was higher than HUPX on Tuesday and Wednesday.
Austrian exports were quite low on Tuesday and Wednesday, supporting stronger HU-DE decoupling.
Electricity exports were much lower than in the previous week, due to a drop in solar and hydro generation, and the region was a strong importer. Compared to the previous week, the region had over 800 MW stronger imports and even 2,870 MW stronger imports than in week 36, which had exceptional wind generation).
Most of the SEE export change was a result of stronger CORE>SEE exchanges. Imports from Core were over 1,900 MW, which is close to 600 MW stronger than in week 37. Also, SEE>ITA delivery was lower, partially due to Montenegro-Italy cable maintenance.
