The average baseload electricity price on SEEPEX's Serbian day-ahead market rose 56.2% in October to €234.31/MWh, while traded volume stayed roughly flat.
- Baseload price reached €234.31/MWh in October, up 56.2% from September.
- Peak price rose 73.8% to €229.17/MWh, faster than the baseload price.
- Day-ahead trading totaled 579,308 MWh, broadly unchanged from September and 13.2% higher year on year.
- Intraday market recorded 3,356.1 MWh of trades at an average price of €179.13/MWh.
- The source does not give reasons for the October price increase.
The average baseload price on the Serbian day-ahead electricity market, run by the power exchange SEEPEX, rose 56.2% in October compared with September, reaching €234.31 per megawatt-hour (MWh). Traded volume stayed close to the previous month's level.
Total trading on the day-ahead market came to 579,308 MWh in October. That is broadly unchanged from September and 13.2% higher than in October last year. The average daily traded volume was 18,687 MWh.
Peak prices rise faster than baseload
Baseload price is the average price across all hours of the day. The peak price covers only the hours of highest demand, usually during the working day. The average euro-peak price increased 73.8% from September to €229.17/MWh.
The monthly price change was therefore larger than the change in traded volume, which was flat compared with September.
Intraday market
The SEEPEX intraday market, where electricity is traded closer to delivery to balance short-term needs, recorded 3,356.1 MWh of trades in October. The average price was €179.13/MWh.
About SEEPEX
SEEPEX is jointly owned by the Serbian transmission system operator EMS and the European exchange EPEX SPOT. It has operated its day-ahead platform since 2016 and added intraday trading in 2023.
The source does not give reasons for the October price increase.
Frequently asked questions
How much did the SEEPEX day-ahead baseload price rise in October?
The average baseload price rose 56.2% compared with September, reaching €234.31 per megawatt-hour.
What is the difference between baseload and peak prices?
Baseload is the average price across all hours of the day, while peak price covers only the hours of highest demand, usually during the working day. In October, the peak price rose 73.8% to €229.17/MWh.
How much electricity was traded on the SEEPEX day-ahead market in October?
Total day-ahead trading reached 579,308 MWh, which is broadly unchanged from September and 13.2% higher than in October last year.
What is SEEPEX and who owns it?
SEEPEX is the Serbian power exchange, jointly owned by the transmission system operator EMS and the European exchange EPEX SPOT. It has operated its day-ahead platform since 2016 and added intraday trading in 2023.
