Serbia’s weekly average electricity price reached €286.55/MWh in late October 2026, more than twice its 2026 year-to-date average of €120.91/MWh, IENE said in its weekly report. The regional rise renewed attention to procurement exposure for large electricity consumers and collateral requirements for energy traders whose positions remained exposed to the day-ahead market. IENE did not quantify these risks.
Comparable weekly averages were €287.26/MWh in Romania, €284.63/MWh in Hungary and €284.10/MWh in Bulgaria. These wholesale clearing prices did not necessarily represent amounts paid by industrial users under fixed-price contracts, regulated tariffs or bilateral power purchase agreements.
For Week 44, reported 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 figures were traded volumes, not total national electricity 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, access to alternative suppliers and the ability to pass energy costs through product pricing as key considerations. IENE presented price and generation shifts as indicators of where detailed company-level stress tests would be most useful. Its weekly report did not quantify the risks facing lenders and corporate buyers.