Serbia’s day-ahead electricity price rose by €18.2/MWh to €195.99/MWh for Wednesday delivery, moving in the opposite direction to sharp declines across most neighbouring markets and narrowing the gap with Hungary to just €2.99/MWh.
Hungary’s HUPX benchmark fell by €34.9/MWh to €198.98/MWh, while Romania’s price dropped €33.9/MWh to €197.89/MWh. Slovenia and Croatia also recorded declines of around €33/MWh. The largest contrast was seen in Greece, where the day-ahead price fell €57.9/MWh to €153.87/MWh, leaving it €45.11/MWh below Hungary.
Serbia’s increase was driven by higher prices outside the daytime peak. The peak-period average declined to €180.2/MWh from €184.9/MWh on Tuesday, while the off-peak average jumped to €211.8/MWh from €170.7/MWh. The highest hourly price in Serbia reached €344.1/MWh during hour 20.
Prices also increased in Albania, Montenegro and North Macedonia, although their daily averages remained below Serbia’s. Albania rose €13.2/MWh to €194.05/MWh, while Montenegro reached €166.36/MWh and North Macedonia €157.76/MWh.
The regional balance forecast points to stronger solar generation, with average output expected to rise by 2,119 MW from Tuesday to 6,312 MW. At the same time, demand is forecast to increase by 637 MW to 29,492 MW, while net imports are expected to fall by 774 MW to 1,466 MW. These factors help explain the decline in several regional day-ahead markets, although Serbia’s stronger off-peak prices prevented a similar reduction in its daily average.
For cross-border traders, the key development is the narrowing price gap with Hungary and Romania, while Greece remains substantially cheaper. Serbia’s price is now close to the two northern benchmarks, increasing the importance of delivery timing and available cross-border capacity rather than relying solely on daily average prices.
