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SEE region: Electricity prices ranged between 37-110 €/MWh

In week 50 European electricity prices decreased, due to lower gas prices and CO2 emission rights, as well as increased wind energy generation and lower electricity demand compared to the previous week. A lower electricity demand combined with a second consecutive week of lower gas and CO2 futures prices, and increased solar energy production in most of the major European electricity markets led to the downward trend.

In the SEE region, the price of electricity on the exchanges fell in all analysed markets, with an average percentage decrease of 17%. Turkey, Croatia and Hungary registered the highest percentage decreases, by 47% and 14%, respectively. The rest of the countries registered smaller percentage decreases in the range of 11% (Italy) and 12% (Greece).

In SEE, all markets registered electricity price losses, with electricity prices being below €100/MWh, except Italy and Greece. Electricity prices ranged between €37-110/MWh, with wholesale electricity prices forming lower in Turkey at a weekly average of €37.07/MWh, followed by Croatia, with electricity prices at €93.7/MWh.

The Italian market registered the highest average price among the analysed markets, with an average price of €110.14/MWh during the week, followed by Greece which recorded an electricity price of €101.29/MWh.

Weekly average spot electricity prices in Central Europe followed a downward trend in all markets during Week 50. The ample wind supply and lower gas prices contributed to this behaviour.

All wholesale electricity markets in Central Europe experienced significant electricity price losses, with most markets posting prices below €100/MWh. France was the country with the lowest electricity price at €82.75/MWh.

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