Serbia’s day-ahead electricity price rose €18.2/MWh to €195.99/MWh for Wednesday delivery, moving against sharp declines across most neighbouring markets and narrowing its discount to Hungary to just €2.99/MWh.
Hungary’s HUPX benchmark fell €34.9/MWh to €198.98/MWh, while Romania dropped €33.9/MWh to €197.89/MWh. Slovenia and Croatia also lost about €33/MWh. The divergence was most pronounced against Greece, where the price slid €57.9/MWh to €153.87/MWh, leaving Greek power €45.11/MWh below Hungary.
Serbia’s increase came from more expensive hours outside the daytime peak. Its peak-period average eased to €180.2/MWh from €184.9/MWh on Tuesday, while the off-peak average climbed to €211.8/MWh from €170.7/MWh. The highest hourly Serbian price was €344.1/MWh, at hour 20.
Prices also rose in Albania, Montenegro and North Macedonia, though their daily averages remained below Serbia’s. Albania gained €13.2/MWh to €194.05/MWh; Montenegro reached €166.36/MWh and North Macedonia €157.76/MWh.
The regional balance forecast points to stronger solar supply, up 2,119 MW from Tuesday to 6,312 MW on average, despite demand rising 637 MW to 29,492 MW. Forecast net imports fall 774 MW to 1,466 MW. Those figures help explain the retreat in several day-ahead markets, but Serbia’s firmer off-peak price shows that cheaper daytime electricity did not translate into a lower daily contract there.
For cross-border traders, the immediate change is the compression around Hungary and Romania while Greece remains substantially cheaper. Serbia’s price is now close to the two northern benchmarks, making the timing of delivery and available border capacity more consequential than the daily average alone.