Now in its 6th year the Institute’ weekly publication which reports and analyses the region’s electricity and gas markets, titled, “SEE Electricity and Gas Market Analysis” has emerged as one of IENE’s key analytical tools, which helps members and associates understand how SE European energy markets work. The latest issue, No.352, which was send out to recipients yesterday ( 29/1) focuses on the dominant issue of the rise of SE European wholesale electricity prices due to increased demand.
According to IENE’ s latest “ SEE Electricity & Gas Market Analysis”, “in Week 04 of 2025, SEE electricity market prices edged higher, due to higher electricity demand and a fall in wind energy production. All the SEE markets saw their electricity prices ramp up, registering one-digit increases, except Hungary. More specifically, Hungary and Croatia saw the highest percentage increases in their electricity prices by 10.30% and 7.74% respectively, with Bulgaria and Romania coming next, posting surges by 7.24% and 7.23% respectively. Serbia saw the smallest increase in its electricity price by 2.05%.”
“During the fourth week of 2025, weekly average spot electricity prices in Central Europe showed a mixed picture, with most countries registering lower gas prices, as less cold temperatures and more wind energy lowered European electricity market prices, but they remained above €100/MWh. Wind energy production increased in most major European markets compared to the previous week, experiencing a trend reversal. Electricity markets in Central Europe posted prices between €113–168/MWh. Slovenia was the most expensive market in Central Europe, at €168.46/MWh, 11.16% higher compared to Week 03 of 2025, followed by Slovakia at €168.37/MWh. France was the cheapest country in Central Europe at €113.11/MWh, -17.86% lower than the week before.”
“In Week 04, European weekly averages were trading around €146/MWh. Prices ranged from €102.91/MWh in the Portuguese market to €171.11/MWh in the Hungarian market. In the case of MIBEL market prices were formed at €102.91/MWh in the Portuguese market and €103.10/MWh in the Spanish one, lower by -22.54% and -22.67% respectively.”
“In the southern part of Europe, all of the SEE counties, except Turkiye, registered prices above €150/MWh. Prices ranged between €70-171/MWh, with wholesale electricity prices forming lower in Turkiye at a weekly average of €69.76/MWh, followed by Italy which was seen in the week of January 20 as the second cheapest electricity market in the SEE region, at €153.97/MWh. The Hungarian market registered the highest average price during Week 04, with an average price of €171.11/MWh, 10.31% higher compared to previous week. Romania came next in the second position of the most expensive market in the SEE region at €168.43/MWh. Regarding daily prices, most SEE electricity markets reached their highest prices on Monday, January 20, falling during the following days of the week. On that day, the Hungarian and Romanian markets reached their highest daily prices, which were €237.88/MWh and €236.17/MWh, respectively.”
In the next 18 pages of the newsletter detailed information is provided on Weekly Average Day Ahead Electricity Prices, electricity and gas demand, inputs from variable renewables, the regional hydropower yield, thermal power generation and cross border electricity trade. In addition a thorough gas price analysis follows with a plethora of charts, tables and maps.
