Serbia’s SEEPEX posts higher April day-ahead volumes as prices soften year on year

Serbia’s SEEPEX exchange showed a clear pickup in electricity trading activity in April 2026 even as prices weakened versus the prior year, a combination that matters for market participants tracking both liquidity and revenue conditions. On the day-ahead market, 484,034.6 MWh of power changed hands during the month, up 5.7% from March and equivalent to an average daily volume of 16,134.5 MWh.

Volumes rise monthly, but remain lower year on year

While April delivered stronger month-to-month throughput, trading was still 3.2% lower than in April 2025. That divergence points to uneven market dynamics: liquidity improved compared with the previous month, but overall activity did not fully recover to last year’s level.

Day-ahead pricing declines as peak signals weaken

Price trends reinforced the softer tone. The average base price on the day-ahead market was 91.51 euros/MWh, down 3.3% from March. More notably for peak conditions, the average euro-peak price fell to 67.64 euros/MWh—an 18.8% decrease—suggesting reduced pricing pressure during higher-demand hours across the market.

SEEPEX’s role in regional market development

SEEPEX was officially launched on 17 February 2016 with an initial traded volume of just 1,925 MWh. The exchange is jointly owned by Serbia’s electricity transmission system operator EMS and EPEX SPOT, with the stated goal of building a transparent and competitive electricity market in Serbia and across Southeast Europe.

The platform added an intraday market in July 2023 to improve trading flexibility and liquidity. Over time, SEEPEX has supported broader market integration efforts and contributed to higher electricity trading volumes across the region.