In early April, European electricity markets displayed notable fluctuations as daily prices initially increased before experiencing a decline. The first week of April saw most markets recording a drop in weekly average prices, with exceptions in the Dutch, French, and Nordic markets, which reported increases of 1.9%, 8.8%, and 37% respectively. Conversely, the Portuguese and Spanish markets faced significant declines, with price reductions of 29% and 30%. Other analyzed markets experienced varying decreases ranging from 1.4% in Italy to 13% in Germany.
During the week ending March 30, most European electricity markets maintained weekly averages below €85/MWh. Notably, the Dutch market averaged €88.83/MWh while Italy’s prices surged to €136.15/MWh. Spain and Portugal recorded the lowest weekly averages at €12.44/MWh and €12.62/MWh respectively. The Nordic market had an average price of €61.97/MWh, while the British market averaged €84.95/MWh.
Daily pricing trends revealed that Iberian markets remained below €25/MWh during the first week of April. However, Germany achieved the lowest daily average among analyzed markets at €16.34/MWh on April 5, marking its lowest price since July 3, 2023. France and Belgium also hit their lowest daily prices since May 12, 2025, at €3.56/MWh and €0.05/MWh respectively on the same day. Additionally, the British, Nordic, and Dutch markets recorded their lowest daily averages since October 2025.
In stark contrast to these trends, Italy’s market sustained prices above €100/MWh throughout early April, exceeding €150/MWh during the first three days of the month. Other markets such as Germany, Belgium, Britain, France, Netherlands, and Nordic countries also saw prices above €100/MWh at various times that week. On April 1, Italy’s market peaked with a daily average of €159.99/MWh while France reached its highest level since February 18, 2025 at €134.70/MWh.
The decline in electricity prices during the week of March 30 can be attributed to lower gas prices relative to previous weeks alongside reduced demand across Europe. An uptick in solar energy production from both the Iberian Peninsula and Germany further contributed to this downward trend.
Forecasts from AleaSoft Energy indicate that electricity prices may continue to decline into the second week of April in certain markets like Germany due to anticipated increases in wind and solar energy production. However, fluctuations in gas prices are expected to play a significant role in shaping electricity pricing across Europe moving forward. Additionally, potential recovery in demand coupled with decreased wind output in the Iberian Peninsula may lead to higher prices in Spain and Portugal.
