In February 2026, the Serbian energy exchange, SEEPEX, reported a total electricity trading volume of 414,520.1 MWh on its day-ahead market. This figure marks a 2.4% increase from January 2026, averaging 14,804.3 MWh/day. However, this month’s volume reflects a significant 12.4% decrease compared to the same period last year, indicating fluctuations in market demand and supply dynamics.
The pricing landscape for electricity also shifted notably during this period. The average daily base price on the day-ahead market fell to 68.61 euros/MWh, representing a dramatic 41.9% decline from January’s rates. Additionally, the average euro-peak price decreased by 45.7%, settling at 74.05 euros/MWh. Such price movements are critical for market participants as they navigate operational and financial strategies.
SEEPEX, which commenced operations on 17 February 2016, has aimed to foster a competitive and transparent electricity market in Serbia and the broader southeastern European region since its inception. Initially starting with a traded volume of just 1,925 MWh, the exchange has evolved significantly over the years, particularly with the introduction of an intraday market in July 2023. This expansion is expected to enhance liquidity and provide more trading opportunities for participants.
The partnership between SEEPEX and key stakeholders such as the Serbian electricity transmission system operator (EMS) and the European Power Exchange (EPEX SPOT), underscores the commitment to developing a robust electricity trading framework in Serbia. As market conditions continue to evolve, monitoring these trends will be essential for stakeholders aiming to optimize their engagement in this increasingly complex energy landscape.
