SEE Region, Increase in electricity imports to 1.8 TWh in the second week of January

Published on 20. January 2023., SEE Energy News

Electricity consumption in the second week of January increased moderately in all markets in the Southeast Europe region compared to the previous week, by about 11 percent on average, to 16.7 TWh, as a result of lower temperatures during the night. Bulgaria recorded the largest increase in consumption, by about 23 percent. Followed by Serbia and Romania – both countries achieved an increase in consumption by around 12 percent. Consumption in Greece increased by 7 percent compared to the previous week.

At the same time, as a result of higher consumption, the net import of electricity in the region also increased, by 3 percent on average, to 1.8 TWh.

Hungary recorded an 8 percent increase in net imports, as a result of low wind production.

However, as wholesale electricity prices in Central Europe rose in the second week of January, they became less competitive. Because of this, Greece reduced the volume of electricity imports by about 9 percent.

Romania maintained its position as a net exporter of electricity, with exports of 48.2 GWh, which is 55 percent less than in the first week of January.

Serbia also achieved a net export of electricity, with 41 GWh.

Bulgaria remained the leading exporter of electricity in the region, with exports falling by 8 percent compared to the previous week, to 141 GWh.

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