North Macedonia power exchange sees higher volumes in April 2026 as prices ease

North Macedonia’s day-ahead electricity market showed a familiar mix of improving activity and softer pricing in April 2026, a combination that matters for traders assessing both liquidity and near-term price risk. Total traded volume increased compared with the same month last year, while average prices declined month on month—suggesting demand remained resilient even as market-clearing levels eased.

Trading volume up year on year, down versus March

In April 2026, the total volume of electricity traded reached 117,727.5 MWh. That was 6.8% higher than the 97,069 MWh recorded in April 2025. Despite the year-on-year gain, trading activity weakened on a monthly basis: volumes fell by 14% compared with March.

Average clearing price declines; volatility appears contained

The market operator MEMO reported that the average market-clearing price for April 2026 was €87.8/MWh. This represented a 7.5% decrease from the previous month, indicating lower costs for participants clearing trades during April.

Liquidity remained steady but moderate, with average daily trading volume of 3,924.3 MWh across the month. Price behavior also appeared relatively contained: the peak price in April reached €57.8/MWh, pointing to limited volatility during the observed period.

A young exchange still building depth

North Macedonia’s electricity exchange was officially established in May 2023 and continues to develop as a relatively new but increasingly active part of the regional power trading landscape. For investors and market participants, these April figures highlight how quickly activity can grow from a low base—while also underscoring that monthly swings in both volume and pricing remain important for forecasting trading opportunities.