According to AleaSoft Energy Forecasting, in the second week of July, prices in the main European electricity markets rose compared to the previous week. The IPEX market of Italy registered the smallest increase, 7.0%. In contrast, the EPEX SPOT market of France registered the largest percentage price rise, 95%. In the other markets analyzed at AleaSoft Energy Forecasting, prices rose between 23% in the MIBEL market of Portugal and 64% in the EPEX SPOT market of Belgium.
In the second week of July, weekly averages were below €70/MWh in most analyzed European electricity markets. The N2EX market of the United Kingdom and the Italian market were the exceptions, with averages of €84.16/MWh and €112.83/MWh, respectively. The Nord Pool market of the Nordic countries registered the lowest weekly average, €27.79/MWh. In the rest of the analyzed markets, prices ranged from €52.39/MWh in the French market to €68.97/MWh in the Portuguese market.
As for hourly prices, most analyzed European markets registered negative prices on Sunday, July 14. The exceptions were the British and Italian markets. The German, French and Nordic markets also reached negative prices on Saturday, July 13. In addition to July 13 and 14, the Belgian and Dutch markets registered negative hourly prices on July 10. The Belgian and French markets registered the lowest hourly price of the second week of July, €74.02/MWh, on Sunday, July 14, from 14:00 to 15:00.
During the week of July 8, the fall in wind energy production and the increase in demand in most markets led to higher prices in the European electricity markets, despite the fall in the weekly average price of gas and CO2.
AleaSoft Energy Forecasting’s price forecasts indicate that, in the third week of July, prices will fall slightly in most analyzed electricity markets, influenced by the decrease in demand in most of these markets. In the case of Italy, the increase in wind energy production will also exert a downward influence on prices.
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