In week 18 of electricity prices in Europe decreased compared to week 17 by 26% on average, due to the fall in demand, a decrease in the average gas price and the increase in wind energy production in most markets.
In the SEE region, the price of electricity on the exchanges receded in all of the markets. Romania and Croatia registered decreases of 32% and 29% respectively compared to the previous week. Serbia and Hungary registered lower electricity prices by 27% and 26% respectively.
All the SEE countries registered electricity price losses, with prices trading below 60 euros/MWh, except Italy. Electricity prices ranged between 56-83 euros/MWh.
Romania recorded the lowest weekly average of 54.21 euros/MWh, followed by Croatia with 55.63 euros/MWh. The Italian market registered the highest average price in the region during week 18, with an average price of 82.83 euros/MWh, followed by Serbia, which recorded an electricity price at 59.03 euros/MWh.
Weekly average spot electricity prices in Central Europe followed a downward trend, as electricity demand receded in the European markets. Electricity markets in Central Europe posted prices between 33 and 61 euros/MWh.
The Netherlands recorded the highest electricity price at 61.53 euros/MWh, while the French market was the cheapest in Central Europe with an electricity price of 33.84 euros/MWh.
Weekly averages were hovering around 55 euros/MWh in all the European electricity markets. Prices fell compared to the previous week except for the Iberian MIBEL market, where prices rose even though they were the lowest for the thirteenth consecutive week.
Prices ranged from 33.84 euros/MWh in the French market to 82.83 euros/MWh in the Italian market. In the Iberian Peninsula prices were lower than the rest of the European countries, reaching 28.34 euros/MWh in Portugal and 28.33 euros/MWh in the Span.
