SEE Region, Increase in electricity imports by 29%, to 1.73 TWh

, SEE Energy News

In the first week of 2023, there is an increase in the net import of electricity in Southeast Europe compared to the previous week, as a result of higher electricity consumption and a drop in production from renewable sources. In this period, imports increased by nearly 29%, to 1.73 TWh.

In Hungary, the net import of electricity increased by as much as 43%, due to low wind production.

On the other hand, after wholesale electricity prices in Central Europe became less competitive, as a result of price increases in the first week of 2023 compared to the last week of 2022, Serbia and Greece reduced the volume of electricity imports by about 10%, or 1%.

Romania maintained its position as a net exporter this week as well, recording an export of electricity of 107 GWh.

Bulgaria remained the leading exporter of electricity in the region, with exports increasing by 12 GWh compared to the previous week, to 153 GWh.

In the same period, electricity consumption increased in all markets of Southeast Europe compared to the previous week, by 5.4%, to a total of 15 TWh. Hungary recorded the largest increase in consumption, by 12%. In Romania and Bulgaria, consumption increased by around 6%. Greece recorded a weekly increase in electricity consumption by 3%.