Serbian power exchange has aligned price limits with the EU

SEEPEX introduces negative prices and aligns minimum price limits with EU

On 5 May 2026, SEEPEX, the power exchange in Serbia made progress in implementing the requirements of the Electricity Integration Package – legislation that opens the way for market coupling with the EU internal Electricity Market.   

Namely, it introduced negative prices on both its day-ahead and intraday markets, setting its first delivery date for 6 May 2026. This development strengthens market price signals at the national level by allowing prices to fully reflect real-time supply and demand conditions, particularly during periods of excess generation. It will ultimately help expose oversupply, incentivise flexibility and storage, and steer investment toward system needs.  

In addition, following the earlier harmonisation of maximum price limits, SEEPEX has now aligned its minimum price limits with the reference harmonised clearing price thresholds used across the EU. This is an important technical step toward market coupling, contributing to closer alignment of Serbia’s electricity market with EU markets. 

The Energy Community Secretariat commends this development and encourages other Contracting Parties to remove existing price caps and to align price limits with the EU framework. 

Serbia has notified the transposition of the core legislation required for market integration with the EU’s internal electricity market. This marks a first step towards market coupling, which subsequently requires both the full verification of compliance by the Energy Community Secretariat and the European Commission, followed by a phase focused on contractual and technical readiness for market. The process is now in the hands of the European Commission, which is reviewing the completeness and conformity of transposition, and its opinion is expected by mid-May 2026. 

More information can be found on the SEEPEX website.