Southeast power prices fall, but Montenegro tops Italy by more than €31/MWh

On November 6, Southeast European day-ahead electricity prices declined across most markets, but Montenegro settled at €312.87/MWh, more than €31/MWh above Italy. The region remained substantially more expensive than Germany and Italy amid persistent transmission constraints and import dependence as winter demand builds.

Serbia’s SEEPEX day-ahead market settled at €307.65/MWh, while North Macedonia recorded €307.62/MWh. Albania remained the most expensive market at €322.58/MWh, despite a day-on-day fall of more than €53/MWh. Hungary traded at €303.62/MWh, Romania at €306.59/MWh and Bulgaria at €303.78/MWh. Greece was considerably cheaper than the other listed southeastern 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. Regional net imports fell to 3,855 MW from 5,094 MW a day earlier. Imports through Austria and Slovakia declined 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 eliminating the structural price premium. Serbia, Montenegro, North Macedonia and Albania remained exposed to the marginal cost of imported electricity and the availability of cross-border capacity connecting southeastern Europe with cheaper western markets.

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