Many European electricity markets recorded high prices on Monday, June 1, followed by declines in the subsequent days. Over the first week of June, weekly average prices fell versus the previous week in most major markets. The exceptions were Germany, Italy, and the Nordic region, which rose by 0.8%, 3.7%, and 55%, respectively. France saw the largest weekly drop at 63%, while other markets tracked by AleaSoft Energy Forecasting declined between 0.6% in the Netherlands and 15% in Great Britain.
Weekly averages below €95/MWh, with France at €22.64/MWh
During the week of June 1, weekly average prices stayed below €95/MWh in most European markets. Germany posted a weekly average of €95.62/MWh, while Great Britain recorded €104.20/MWh. Italy’s weekly average was €128.09/MWh, exceeding the €95/MWh threshold as well. France posted the lowest figure at €22.64/MWh, while Spain and the Netherlands ranged from €56.77/MWh to €91.59/MWh.
Daily pricing: France under €35/MWh and Nordic lows near €31/MWh
France recorded daily prices below €35/MWh for almost the entire week, with an exception on Monday, June 1. A similar pattern appeared in the Nordic market, where prices fell to €31.30/MWh on Sunday, June 7. On June 4, France reached the lowest daily average of the week at €8.13/MWh. These levels contrasted with other regions during the same period.
Spikes above €100/MWh including Germany at €151.86/MWh
Several markets saw strong price spikes above €100/MWh during the week. Germany, Belgium, Great Britain, Italy, the Netherlands, and the Nordic region all recorded such moves. On Monday, June 1, Germany logged the highest daily average of the week at €151.86/MWh, its highest level since January 21. The Netherlands reached a daily average of €144.27/MWh, its highest price since January 9.
Drivers and second-week outlook from AleaSoft Energy Forecasting
AleaSoft Energy Forecasting linked early-June price pressure to higher wind generation and a slight decline in CO₂ emission allowance prices during the first week of June . Electricity demand dynamics also contributed to regional market trends across Europe . For the second week of June, AleaSoft expects prices to rise in most European electricity markets due to higher demand in several countries and lower wind generation in Italy and France . In contrast, Spain and Portugal are expected to see lower prices on the back of increased wind production and reduced demand in Spain . Higher wind output in Germany may support slightly lower prices there as well, although gas price trends across Europe are expected to continue influencing overall market direction .
