According to AleaSoft Energy Forecasting, in the third week og June, prices in the most European electricity markets increased compared to the previous week. The exception was the Nord Pool market of the Nordic countries, with a decrease of 1.2%. The EPEX SPOT market of France registered the largest percentage price rise, 145%. In the rest of the markets analyzed at AleaSoft Energy Forecasting, prices rose between 10% in the N2EX market of the United Kingdom and 50% in the EPEX SPOT market of Belgium.
In the week of June 17, despite the price increases, weekly averages remained below €100/MWh in almost all analyzed European electricity markets. The IPEX marketof Italy was the exception, with an average of €109.80/MWh. The Nordic market and the French market registered the lowest weekly averages, €33.89/MWh and €51.50/MWh, respectively. In the rest of the analyzed markets, prices ranged from €58.36/MWh in the MIBEL market of Spain to €95.88/MWh in the British market.
Regarding hourly prices, most analyzed European markets registered negative prices on Sunday, June 23. The exceptions were the British, Italian and Nordic markets, which did not register negative prices in the third week of June. The German, Belgian and Dutch markets also registered negative hourly prices on Saturday, June 22. On the other hand, the German and Dutch markets registered the lowest hourly price of the third week of June, €2.21/MWh, on Sunday from 14:00 to 15:00.
During the week of June 17, the fall in wind energy production had an upward influence on European electricity market prices. In addition, demand increased and solar energy production fell in most analyzed markets.
AleaSoft Energy Forecasting’s price forecasts indicate that, in the fourth week of June, prices will continue to increase in markets such as Spain, France and Portugal, while in markets such as the United Kingdom, Italy and the Netherlands prices will decrease.
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