Southeast Europe prices ease, Montenegro stays more than €31/MWh above Italy

Day-ahead electricity prices across most Southeast European markets fell on 6 November, but remained substantially higher than in Germany and Italy. Montenegro’s BELEN settled at €312.87/MWh, more than €31/MWh above Italy, as transmission constraints and import dependence continued to support the regional premium while winter demand builds.

Serbia’s SEEPEX settled at €307.65/MWh and North Macedonia’s price was €307.62/MWh. Albania remained the most expensive market at €322.58/MWh, although its price fell by more than €53/MWh day on day. Hungary traded at €303.62/MWh, while Romania was at €306.59/MWh and Bulgaria at €303.78/MWh. Greece was cheaper than the other listed Southeast European markets at €283.15/MWh.

Germany’s day-ahead price was €275.64/MWh and Italy’s was €281.78/MWh. Serbia’s price was about €32/MWh above Germany’s. Serbia, Montenegro, North Macedonia and Albania remained exposed to the marginal cost of imported electricity and the availability of cross-border capacity linking the region with cheaper western markets.

Regional net imports fell to 3,855 MW from 5,094 MW a day earlier. Imports through Austria and Slovakia dropped by about 1,258 MW to 2,695 MW, while inflows from Italy remained high at 1,149 MW. Regional consumption was broadly stable at around 34,964 MW.

Forecast solar generation rose to 5,317 MW, around 2.6 GW above the previous day, adding daytime supply and short-term renewable relief without removing the region’s structural price premium.

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