Serbia: SEEPEX records higher March trading volumes and strong price growth in 2026

In March 2026, a total of 447,933 MWh of electricity was traded on the day-ahead market of the Serbian energy exchange SEEPEX, representing a 10.5% increase compared to the previous month, with an average daily volume of 14,772 MWh. However, this volume was still 12% lower than in the same month last year.

The average daily base price on the day-ahead market in March stood at €94.67/MWh, marking a significant 38% increase compared to February. The average euro-peak price reached €83.26/MWh, rising by 12.4% month on month.

The SEEPEX exchange was officially launched on 17 February 2016, when the traded volume was only 1,925 MWh. It is jointly owned by EMS (the Serbian electricity transmission system operator) and EPEX SPOT, with the goal of supporting the development of a competitive, transparent, and reliable electricity market in Serbia and across Southeast Europe, while also boosting trading activity in the region.

In addition to its day-ahead market, SEEPEX expanded its operations with the launch of an intraday market in July 2023, further strengthening liquidity and flexibility in electricity trading.

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