Serbia’s weekly average electricity price climbed to €286.55/MWh in late October 2026, more than twice its 2026 year-to-date average of €120.91/MWh, according to IENE’s weekly report. The report said the regional price rise renewed attention to procurement risks for large electricity consumers and collateral requirements for traders with positions exposed to the day-ahead market.
Comparable weekly averages were €287.26/MWh in Romania, €284.63/MWh in Hungary and €284.10/MWh in Bulgaria. These were wholesale clearing prices, not necessarily the prices industrial users paid under fixed-price contracts, regulated tariffs or bilateral power purchase agreements.
Week 44 electricity-exchange trading volumes were 120 GWh in Serbia, 930 GWh in Croatia and 1,110 GWh in Romania. Hungary recorded 2,500 GWh and Bulgaria 2,570 GWh.
The reported volumes measure trading, not total national consumption, and should not be used alone to compare market liquidity. For lenders and corporate buyers, the report identified contract duration, settlement profile, collateral and margining, exposure to negative or extreme hourly prices, alternative suppliers and the ability to pass energy costs through product pricing as key considerations.
IENE did not quantify those risks. It presented price and generation shifts as indicators of where company-level stress tests could be useful.
