In the second week of June, most European electricity markets posted their highest price levels at the start of the week, followed by a gradual decline in later trading sessions. Weekly average electricity prices fell across most markets, indicating reduced pressure over the period.
France was the main exception, with prices up 16% versus the previous week. By contrast, Spain and Portugal recorded the largest weekly drops, each down 20%. In other markets assessed by AleaSoft Energy Forecasting, reductions ranged from 1.6% in Great Britain to 18% in the Nordic region.
Weekly average levels during the week of June 8
During the week of June 8, average electricity prices stayed below €85/MWh in most European markets. The exceptions were Germany at €86.44/MWh, Great Britain at €102.52/MWh, and Italy at €123.17/MWh. France recorded the lowest weekly average at €26.21/MWh, despite the weekly increase.
Other weekly averages ranged from €45.42/MWh in Spain to €84.88/MWh in the Netherlands. The figures show that while several markets remained under €85/MWh, price outcomes differed across countries during the same assessment window.
Daily volatility and lowest price points
Daily price movements varied significantly across Europe. The French market frequently traded below €30/MWh, while similar low levels appeared in Spain and Portugal on June 12. Great Britain and the Netherlands saw comparable lows on June 13, with Germany, Belgium, and the Nordic market also reaching similar levels on June 13–14.
France registered the lowest daily average of the week at €11.64/MWh on June 11. Great Britain recorded its lowest price since April 12, at €27.42/MWh, on June 13. Belgium and the Netherlands also reached their lowest levels since May 2.
Germany and Italy posted similarly low daily averages on June 14, at €25.12/MWh and €91.15/MWh, respectively. At the same time, Italy maintained daily prices above €100/MWh throughout Monday to Friday. Germany, Belgium, Great Britain, and the Netherlands also logged multiple sessions above that threshold.
Northern Europe and Italy: crossings above €100/MWh
The Nordic market crossed above €100/MWh on June 8. Italy reached its highest daily average of the week at €146.65/MWh on June 10, which was its highest level since mid-April. These movements were part of a wider pattern of day-to-day swings across regional hubs.
Meteorological and CO2 drivers; outlook for third week of June
AleaSoft Energy Forecasting linked overall price direction to lower CO2 allowance prices and higher wind generation in most markets, which exerted downward pressure on electricity prices. In Great Britain, reduced demand also contributed to price declines. For France, higher demand combined with weaker wind output supported its weekly price increase.
AleaSoft expects prices to rise in most European markets in the third week of June. The forecast is driven by higher electricity demand and lower wind generation, with gas price trends also expected to influence market direction.
