In the last week of January, the spot prices of electricity in all European markets increased compared to the previous week, as a result of the increase in consumption due to lower temperatures. The spot price has increased significantly on all markets in Southeast Europe, by about 33 percent on average.
The average weekly spot prices of electricity in Southeast Europe in the period from January 23 to 29 ranged from 150 to 187 euros per MWh.
Wholesale electricity prices were the lowest in Bulgaria and Romania – 149.8 euros per MWh. The Greek market was the most expensive in Europe, at 186.5 euros per MWh, which is a consequence of the increase in consumption and the drop in the production of renewable sources, which was more than halved compared to the third week of January.
The highest weekly increase in the price of electricity was recorded in Croatia – about 47 percent, to 167.9 euros per MWh, followed by Bulgaria and Romania, where the spot price increased by 46 percent compared to the previous week. Prices in Greece rose by 43 percent, slightly more than in Serbia, where the price rose by 38 percent, to 152.1 euros per MWh on average. Hungary recorded an increase in the price of electricity of about 22 percent, to 175.9 euros per MWh.
