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Serbia: SEEPEX day-ahead trading rises 11.9% in October, prices up sharply from September

A total of 511,894 MWh of electricity was traded on the day-ahead market of the Serbian energy exchange SEEPEX in October 2025, marking an 11.9 percent increase compared to the previous month and averaging 16,512.7 MWh per day. However, trading volume was 6 percent lower than in the same month last year.

The average daily base price on the day-ahead market in October was 123.71 euros per megawatt-hour, up 26.3 percent from September. The average euro-peak price reached 130.15 euros per megawatt-hour, representing a 42.2 percent increase.

SEEPEX, officially launched on February 17, 2016, began with a traded volume of just 1,925 MWh. It is jointly owned by Serbia’s electricity transmission system operator EMS and the European Power Exchange (EPEX SPOT). The exchange was established to promote the development of a competitive, transparent, and reliable electricity market in Serbia and across Southeastern Europe, contributing to higher regional trading volumes. SEEPEX expanded its operations by launching an intraday market in July 2023.

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