Montenegro’s day-ahead market price stood at €299.13/MWh on November 4, placing the country among the Western Balkans’ higher-priced electricity markets as the region entered November’s first full week. The figure appears on a dated regional price map in the latest report by the Institute of Energy for South-East Europe (IENE).
Montenegro’s price was €6.68/MWh above Serbia’s €292.45/MWh and €4.24/MWh higher than Croatia’s €294.89/MWh. It remained below Bulgaria’s €301.69/MWh, while Albania recorded the region’s highest price, at €333.03/MWh. Greece was less expensive, with a price of €279.70/MWh.
The price differences show that wholesale electricity costs remained elevated across the Western Balkans, while some southern European markets were relatively less expensive. However, differences between geographical markets do not necessarily create profitable cross-border trading opportunities. Available transmission capacity, cross-border allocation mechanisms, scheduling obligations, network losses and market regulations all affect whether traders can commercially use those price gaps.
IENE’s weekly tables for electricity generation and consumption do not include a separate supply-demand balance for Montenegro, and the November 4 price map is a snapshot of a single day. The available figures therefore do not establish Montenegro’s import or export volumes, electricity procurement costs or the financial performance of domestic power generators. A fuller assessment of the electricity market would require additional data from the national power system operator and electricity exchange before conclusions could be drawn about physical supply constraints or utility earnings.