For Oct. 8 delivery, Hungary’s day-ahead electricity premium to Germany widened to almost €75/MWh despite a recovery in wind and solar output across Southeast Europe. German day-ahead power fell by €52.68/MWh to €139.35/MWh, while Hungary’s HUPX benchmark rose by €3.47/MWh to €214.28/MWh. The resulting spread was €74.93/MWh.
Austria also traded below Hungary at €188.88/MWh, while scheduled imports into the monitored Hungary-SEE region from Austria and Slovakia fell by about 542 MW to 1.53 GW. Price moves across Southeast Europe were mixed, with several markets changing in different directions on the day-ahead assessments.
Southeast Europe day-ahead prices and import/export positions
Serbia’s SEEPEX benchmark dropped by €18.58/MWh to €179.39/MWh, widening its discount to Hungary to €34.89/MWh. Serbia’s scheduled net imports increased to around 988 MW. Montenegro rose by €11.39/MWh to €208.80/MWh, Bulgaria gained €9.80/MWh to €208.40/MWh, and Albania climbed by €9.40/MWh to €221.53/MWh.
Romania was little changed at €209.38/MWh, while Croatia fell to €200.81/MWh and Slovenia declined to €197.10/MWh. Greece remained cheaper at €165.25/MWh, and North Macedonia averaged €167.78/MWh. Albania recorded the highest monitored SEE daily average at €221.53/MWh.
Renewables recovery, demand changes and cross-border flows
Regional demand increased modestly by about 284 MW to 29.94 GW, indicating that consumption was not the primary driver of the price changes. Forecast wind generation rose by about 959 MW to 2.32 GW, while solar gained 470 MW to reach 6.12 GW. Total scheduled generation increased to approximately 27.94 GW, reducing regional net imports by about 466 MW to 2.00 GW.
The largest improvement came from Romania, where its scheduled import requirement fell from roughly 1.44 GW to 314 MW. This shift followed forecast generation rising by more than 1 GW, reaching 5.21 GW. The improvement remained vulnerable because Romanian nuclear output is still absent, leaving the system dependent on weather-sensitive generation and cross-border support.
Schemes also changed in Slovenia and Hungary, with Slovenia moving from a roughly 251 MW-import position to about 469 MW-scheduled exports. Hungary moved in the opposite direction, with scheduled imports increasing to around 1.70 GW. Domestic generation fell to roughly 3.06 GW, reinforcing reliance on Slovakia, Romania and other neighbouring systems.
Kozloduy limits and hydrological constraints affect Bulgaria supply risk
Bulgaria remained a major regional exporter, but its scheduled surplus fell sharply to about 826 MW from 1.50 GW.826 MW from 1.50 GW.826 MW from 1.50 GW.826 MW from 1.50 GW.826 MW from 1.50 GW.826 MW from 1.50 GW.826 MW from 1.50 GW.826 MW from 1.50 GW.826 MW from 1.50 GW.