During the third week of April, electricity prices in most major European markets dropped compared to the previous week. The largest declines were seen in the MIBEL market, which includes Portugal and Spain. Prices in Portugal fell by 59%, reaching €12.90/MWh, while in Spain, prices dropped by 56%, reaching €13.59/MWh. These prices were lower than those of the Nord Pool market in the Nordic countries, which typically has the lowest prices. On this occasion, the weekly average price in Nord Pool was €22.25/MWh, down 22% from the prior week.
The IPEX market in Italy saw the smallest price decrease, with a drop of just 0.5%. However, it remained the market with the highest weekly average price, which reached €101.87/MWh. Conversely, prices increased in the EPEX SPOT markets of Germany, the Netherlands, and Belgium, with rises of 6.9%, 11%, and 13%, respectively. These markets had weekly average prices ranging from €80/MWh to €83/MWh.
On Saturday, April 19, several major European electricity markets recorded their lowest daily prices of the week. The Iberian market reached the lowest price, €1.72/MWh, marking the lowest level since April 17, 2024. In Italy, the price on that day was €82.34/MWh, the lowest value since July 1, 2024.
Most European electricity markets, except for Italy, the United Kingdom, and the Nordic countries, registered negative or zero prices during the third week of April, particularly over the weekend. The Dutch market saw the lowest price of the week, €57.90/MWh, on Sunday, April 20, at 13:00. The Iberian market consistently registered zero or negative prices each day, with Portugal setting an all-time record for the lowest price of €4.99/MWh on Sunday at 14:00.
The week of April 14 saw falling demand and increased wind energy production across most European markets, contributing to lower electricity prices. In contrast, lower renewable energy generation in Germany led to higher prices, AleaSoft reports.
