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SEE region: Electricity prices ranged between 61 and 93 euros/MWh in week 4

In the fourth week of January European electricity prices further decreased, as a result of milder weather, lower gas prices, higher solar energy production and the increase in wind power output in some markets such as Germany and France. Less cold temperatures drove down the demand while gas and CO2 prices continued to fall.

In the SEE region, the price of electricity on the exchanges fell in all analysed markets, except Turkey, with an average percentage decrease of 6%. Croatia, Hungary and Serbia registered the highest percentage declines of 12%, 8% and 6% respectively. Greece and Italy posted decreases of 1% and 3% respectively.

In the SEE region, all countries registered electricity price losses, except Turkey. Prices ranged between €61-93/MWh, with wholesale electricity prices forming lower in Turkey at a weekly average of €60.8/MWh, followed by Croatia, with electricity price at €78/MWh.

Weekly average spot electricity prices in Central Europe followed a downward trend in all markets during week 4. The general decrease in electricity demand led to lower prices in European electricity markets. All wholesale electricity markets in Central Europe experienced significant electricity price losses, with most markets posting prices between €57-77/MWh.

Slovakia was the country with the highest electricity price at €77.43/MWh, followed by Slovenia which registered an electricity price of €75.83/MWh.

Germany recorded the lowest electricity price in Central Europe at €57.2/MWh.

In week 4, weekly averages were below €90/MWh in almost all European electricity markets. The exceptions were the Italian market and the Greek markets, which registered the highest averages of €93.4/MWh and €91.1/MWh respectively.

The German and French markets had the lowest weekly prices of €57.2/MWh and €60.5/MWh, respectively.

All markets registered lower prices with respect to the previous week, except for the Iberian market, where the decline in wind energy production led prices to rise above those of the previous week.

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