In March 2026, the Serbian electricity exchange SEEPEX reported a total trading volume of 447,933 MWh on its day-ahead market. This figure represents a notable increase of 10.5% from February, with an average daily volume calculated at 14,772 MWh. Despite this month-on-month growth, the trading volume remains 12% lower than the same period last year, indicating fluctuations in market demand.
The average daily base price for electricity traded on the day-ahead market reached €94.67/MWh, reflecting a substantial rise of 38% compared to February’s pricing. Additionally, the average euro-peak price also saw an upward trend, climbing by 12.4% month-on-month to settle at €83.26/MWh. These price movements highlight significant shifts in market dynamics amid changing supply and demand conditions.
Launched on February 17, 2016, SEEPEX has evolved considerably since its inception when it recorded a mere 1,925 MWh in traded volume. The exchange is co-owned by EMS, the Serbian electricity transmission system operator, and EPEX SPOT. Its establishment aimed to foster a competitive and transparent electricity market in Serbia as well as throughout Southeast Europe, thereby enhancing regional trading activities.
To further bolster its operational capacity and market liquidity, SEEPEX introduced an intraday market in July 2023. This initiative is expected to provide greater flexibility for traders and facilitate more responsive trading strategies in the face of real-time supply and demand fluctuations.
