Croatia: CROPEX growth strengthens its role in Southeast Europe’s integrated power market

The Croatian Power Exchange (CROPEX) recorded strong momentum in electricity trading activity during June 2026, with total traded volumes reaching 1,314,010.2 MWh. This represented a 19.1% increase compared with May and a 9.1% rise compared with the same month in 2025, demonstrating continued growth in market participation and the strengthening role of organized electricity trading in Croatia.

Trading activity was distributed across both market segments, with 986,130.5 MWh traded on the day-ahead market and 327,879.7 MWh on the intraday market. The average daily day-ahead traded volume reached 32,871 MWh, highlighting the growing importance of transparent exchange-based trading for Croatian market participants and the wider Southeast European electricity market.

Higher liquidity was accompanied by stronger price levels throughout the month. The average day-ahead baseload price increased to €115.90/MWh, representing an 11.9% rise compared with May. Peak-hour prices experienced a much sharper increase, with the average peak price reaching €250.97/MWh, a 286% monthly increase, reflecting significant pressure during periods of elevated demand and tighter supply conditions.

The intraday market followed a similar trend, with the average traded price reaching €120.34/MWh, up 12.6% compared with the previous month. The combination of rising volumes and higher prices points to a market environment where short-term flexibility, balancing capability, and efficient trading strategies are becoming increasingly valuable.

CROPEX was established on 11 March 2016 through cooperation with Nord Pool, one of Europe’s leading electricity exchanges, and is jointly owned by the Croatian Transmission System Operator (HOPS) and the Croatian Energy Market Operator (HROTE). The exchange expanded its market offering with the launch of the intraday market in April 2017, providing participants with additional tools to manage short-term electricity positions.

A key step in Croatia’s market integration was achieved on 19 June 2018, when the CROPEX day-ahead market was successfully coupled with the Multi-Regional Coupling (MRC) markets through the Croatia-Slovenia interconnection. This integration improved cross-border trading opportunities and strengthened Croatia’s connection with the broader European electricity market.

As renewable generation continues to expand and regional electricity flows become more dynamic, CROPEX is expected to play an increasingly important role in supporting market liquidity, price transparency, cross-border integration, and the efficient development of Southeast Europe’s electricity market.

Scroll to Top