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IENE Publishes Monthly Review of SEE Electricity Markets

IENE Publishes Monthly Review of SEE Electricity MarketsFollowing the launch of the revamped and much shortened "Weekly SEE Electricity Market Analysis" last December, IENE had announced plans for the regular publication of a Monthly Review. Preparatory work for the first issue of the "Monthly Review" was completed earlier this month, by the Institute’s Senior Researcher Mr. Alexandros Perellis and the first issue was dispatched to members last Wednesday (17/2).

This new publication provides readers with an all round picture of the state of electricity markets in SEE on a monthly basis.

According to February’s Market Overview of regional electricity markets, spot electricity prices fell in most SEE markets affected by high Renewables output and hydropower generation. More specifically, in January 2021, average spot electricity prices receded in all regional markets, except in Italy and Turkey, where higher overall demand drove prices higher by 12.36% and 5.73% in comparison to monthly average values for December 2021, respectively for the two countries. Prices were driven down by high hydropower yield and increased output of variable renewables in Greece, Romania and Croatia and to a lesser extent in Bulgaria. Lower electricity demand drove prices down in Serbia and Hungary. Moreover, the highest month to month spot electricity price decline was recorded in Greece, where monthly average spot price receded by 10.88%, down to 52.52 €/MWh, followed by Serbia and Bulgaria which recorded a price decline of 7.26% and 6.19% respectively. Monthly average spot prices in SEE varied between 52 and 57 €/MWh with Italy’s spot prices formed higher at 60.71 €/MWh and Turkey’s lower at 33.05 €/MWh.

EVENTS Green Liquid Fuels of the Future

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COOPERATING ORGANISATIONS IEA Energy Institute Energy Community Eurelectric Eurogas Energy Management Institute BBSPA AERS ROEC BPIE