In the fourth week of April, a significant downward trend in electricity prices was observed across most major European markets, primarily influenced by shifts in renewable energy generation and demand dynamics. The United Kingdom was an exception to this trend, registering a 4.7% increase in prices. Meanwhile, the MIBEL market showed stability, with Spain experiencing a slight uptick of 0.1% and Portugal facing a minor decline of 0.2%. France, however, saw the most dramatic drop, with prices plummeting by 89%. Other markets analyzed by AleaSoft Energy Forecasting reported declines ranging from 11% in Italy to 59% in the Nordic region.
The week of April 20 witnessed most European electricity markets maintaining average prices below 70 €/MWh. The exceptions were the United Kingdom and Italy, which recorded averages of 108.54 €/MWh and 109.12 €/MWh, respectively. France had the lowest weekly average at just 7.62 €/MWh, while other regions varied from 39.75 €/MWh in the Nordics to 67.36 €/MWh in the Netherlands.
A closer daily analysis revealed that France hit its lowest average price for the week at 40.83 €/MWh on April 26, marking its lowest level since June 17, 2013. On the same day, the Dutch market recorded a daily price of 12.95 €/MWh, its lowest since October 6, 2025.
Conversely, Italy and the United Kingdom sustained daily prices exceeding 100 €/MWh for most of the week. Belgium and the Netherlands also briefly surpassed this threshold on April 20. The Italian market achieved the highest daily average for that week on April 22, reaching 120.07 €/MWh.
The overarching trend during this week can be attributed to lower electricity demand coupled with increased wind and solar generation across many markets, which exerted downward pressure on prices throughout Europe. However, Spain’s reduced wind and solar output created upward price pressures locally. Looking ahead, forecasts from AleaSoft Energy Forecasting suggest that electricity prices may rise during the last week of April due to anticipated declines in wind generation and ongoing fluctuations in gas prices that could significantly influence market trends.
