Publication
CBAM Q3/2026 Quarterly Report
This third report covers 1 July to 30 September 2026. As in previous editions, its findings reflect emerging, often seasonal patterns rather than definitive effects of Union policies. Price and cross-border trade developments are influenced by generation, demand, available capacity and wider regional market conditions, and cannot be attributed solely to CBAM.
During the first three quarters of 2026, electricity market conditions continued to differ from 2025. Compared with Q3/2025, prices increased more in all neighbouring EU markets than in the Western Balkan bidding zones. Price spreads widened again after narrowing in Q2, peaking in September. Western Balkan prices tracked Hungarian prices more closely, but did not converge.
November 04, 2026