In the first week of April, average electricity prices decreased in most major European markets compared to the previous week. The only exception was the Nord Pool market of the Nordic countries, which saw a 5.0% increase. The EPEX SPOT market in France experienced the largest percentage price drop, with a 46% decline. Other markets, such as the IPEX market in Italy and the EPEX SPOT market in Belgium, saw price drops ranging from 4.4% to 26%.
For the week of March 31, weekly average prices were below €75/MWh in most of the analyzed European electricity markets. The exceptions were the N2EX market of the United Kingdom and the Italian market, with averages of €89.51/MWh and €114.23/MWh, respectively. The Nordic market, along with the MIBEL market for Portugal and Spain, registered the lowest weekly averages, at €26.27/MWh, €28.58/MWh, and €28.62/MWh, respectively. In other markets, prices ranged from €38.26/MWh in France to €74.39/MWh in Germany.
Regarding daily prices, Thursday, April 3, saw the Nordic market reach its lowest price of the week, at €8.22/MWh. The Portuguese market also recorded a daily price below €10/MWh on Friday, April 4, with a price of €9.65/MWh. In France, the lowest daily price was €11.27/MWh on Sunday, April 6, marking the lowest price in that market since the end of November 2024.
The price drops observed in most European electricity markets during the week of March 31 were influenced by a decrease in weekly gas and CO2 emission allowance prices, along with a reduction in electricity demand. Additionally, wind and solar energy production increased across most markets.
According to AleaSoft Energy Forecasting’s price projections, prices are expected to rise in most European electricity markets during the second week of April, due to a decline in wind energy production and an increase in electricity demand in some markets, AleaSoft reports.
