Day-ahead electricity prices for 9 November 2026 rose sharply across Southeast Europe, reaching more than €388/MWh in Romania and €352.52/MWh in Serbia. The increases raise potential procurement and liquidity risks for utilities, traders and industrial buyers, although the auction results do not establish realised prices for the full trading day.
Battery storage can make low-carbon electricity more predictable and usable for Serbian exporters, improving the commercial case for renewable projects. It does not itself reduce embedded emissions or create a CBAM exemption.
High gas costs can raise Southeast European electricity prices when weak hydro, low wind or thermal outages leave gas-fired plants setting the marginal price. In tight hours, gas-fired generation can support wholesale prices above €170-220/MWh.
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Serbia is expanding gas-supply options with a 1.5 bcm per year interconnector to North Macedonia under construction. The commercial value will depend on delivered costs, route reliability, storage and the expense of new infrastructure.
Strategic Infrastructure Development
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BHP has issued termination notices for its Central Timok and Borsko exploration options in eastern Serbia, returning eight licences to Mundoro Capital when the notices take effect. The miner retains separate Trstenik and South Timok agreements, while Mundoro seeks partners to fund drilling on the returned licences.
Centerra Gold has agreed to buy 12.374 million newly issued Mundoro Capital shares for approximately C$4.08 million (€2.60 million), in a proposed placement that would give it a 9.9% stake. The funding would support Mundoro’s exploration and working capital as it seeks partners for projects in Serbia, but the deal has not closed.
Northstone Resources secured commitments for a share placement worth about EUR1.45 million to fund exploration at its Tlamino gold-silver and Timok East copper-gold projects in Serbia. The financing will support drilling and technical studies, not mine construction.
European Energy is evaluating a renewable-energy complex in Bulgaria’s Dobrich region, centred on a wind project of up to 1 GW. The concept also includes solar generation, battery storage and infrastructure for industrial users.
Croatian oil-pipeline operator JANAF halted crude transport on part of the Sisak-Slavonski Brod route after pipeline equipment was damaged near Prvca. The spill is estimated at 500 cubic metres.