Wholesale electricity prices in Italy and Hungary increased in the week to 20 September, while Germany recorded a decline. Italy posted the region’s highest weekly day-ahead average at €215.82/MWh, up 2.51% from the previous week. Hungary rose 2.69% to €182.08/MWh.
Germany fell 16.71% to €135.25/MWh, widening the spread versus Hungary. The Hungarian day-ahead price was almost €47/MWh above the German average. Demand weakened across Southeast Europe during the same period.
Demand, renewable output and cross-border flows
Regional electricity demand fell 6.37%, but variable renewable generation declined 8% as well. That combination reduced the availability of low-cost power in the market. Cross-border positions also shifted, with Hungary increasing net imports.
Romania’s import requirement rose sharply during the week. These changes coincided with price movements that did not align Central and Southeast European levels with western markets. The divergence was reflected across multiple price zones covered in the data.
Weekly day-ahead averages across Southeast Europe
The price gap within Southeast Europe varied by market. Serbia averaged €151.46/MWh, down 2.72%, while Bulgaria fell 2.93% to €162.07/MWh. Romania was little changed at €177.36/MWh.
The week left exporters with different signals on either side of the region. Hungary’s premium over Germany widened, while Italy remained the highest-priced destination among the markets covered.