electricity pricing

Serbia’s Electricity Market Faces Structural Changes Amid CBAM Implementation

The first quarter of 2026 marks a significant shift in Serbia's electricity market as the Carbon Border Adjustment Mechanism (CBAM) enters its definitive phase, fundamentally altering the country's role in Southeast Europe's power landscape. This transition reflects a movement away from a historically export-oriented, coal-dependent system towards one that is increasingly constrained and focused on domestic needs amid tightening carbon regulations. In Q1 2026, Serbia's average day-ahead electricity prices were recorded at €94.7/MWh, notably lower than the EU benchmarks, which…