Weekly average electricity prices increased across all major European markets during the third week of July compared with the previous week, with the French market recording the largest rise and the Nordic market the smallest, according to AleaSoft Energy Forecasting.
The French market recorded the largest percentage increase, at 25%, followed by Germany with a 21% rise and Spain with an 18% increase. Prices in the other markets analysed rose by between 8.9% in the Netherlands and 12% in Italy and Portugal. The Nordic market recorded the smallest weekly increase, at just 1.2%.
During the week of 13 July, weekly average electricity prices exceeded €110/MWh in most European markets. The Nordic market was the only exception, with an average of €57.36/MWh.
Italy recorded the highest weekly average price, at €161.23/MWh. Among the other markets analysed, weekly averages ranged from €112.62/MWh in the Netherlands to €131.47/MWh in Great Britain.
The Nordic market remained below €85/MWh on every day of the third week of July. Germany, Belgium, France and the Netherlands also recorded daily prices below that level during the weekend.
On Sunday, 19 July, the Nordic market posted the lowest daily average price of the week, at €20.69/MWh.
By contrast, daily prices exceeded €100/MWh from Monday, 13 July, through Friday, 17 July, in most European electricity markets. Prices in Italy and Great Britain also remained above that threshold during the weekend.
Italy recorded the highest daily average price among the markets analysed on Thursday, 16 July, at €170.47/MWh. This was the market’s highest daily average since 13 February 2025. Prices subsequently rose further to €172.56/MWh on Monday, 20 July, the highest level since 21 January 2025.
In Spain and Portugal, prices reached €138.11/MWh on 15 July, marking the highest level in both markets since 18 February 2025.
The weekly increase in European electricity prices was driven by a combination of higher gas and EU carbon allowance prices, lower solar generation in most markets and stronger demand in Germany, Spain and Italy.
Lower wind generation also contributed to the price increase in Germany and Portugal, adding further upward pressure to wholesale electricity markets.
For the fourth week of July, AleaSoft Energy Forecasting expects electricity prices to decline in markets including Germany, Belgium and France, supported by lower demand.
A significant increase in wind generation in Germany is also expected to contribute to lower prices. At the same time, movements in TTF gas prices will remain an important factor shaping wholesale electricity prices across Europe, AleaSoft Energy Forecasting said.
