In week 11, electricity prices in Europe varied compared to the previous week. The average prices in most major markets remained little changed. Electricity prices declined in the southern part of Europe, while in the central part they mostly increased.
In the SEE region, the price of electricity on the exchanges fell in most of the markets, except Hungary and Croatia. Greece registered the highest percentage decrease by 7% compared to the previous week, while the rest of the countries posted declines by 2% on average. Hungary recorded a 1% higher price.
Electricity prices were below 70 euros/MWh, except in Italy and Greece. They ranged between 64 and 88 euros euros/MWh. Turkey recorded the lowest price, at a weekly average of 64.24 euros/MWh, followed by Romania, with an electricity price of 67.62 euros/MWh.
The Italian market registered the highest average price in the SEE region during week 11, with an average p of 88.23 euros/MWh. It was followed by Greece, with 70.31 euros euros/MWh.
Weekly average spot electricity prices in Central Europe followed an upward trend during week 11, due to higher electricity demand and lower wind energy production.
Electricity markets in Central Europe registered prices between 62 and 88 euros/MWh. Slovenia recorded the highest electricity price at 87.8 euros/MWh. Belgium was the cheapest country in the region with an electricity price of 61.88 euros/MWh.
During the week of March 11, weekly averages were hovering around 68 euros/MWh in most European electricity markets. Prices ranged from 61.88 euros/MWh in Belgium to 88.23 euros/MWh in the Italian market.
The Portuguese and Spanish markets registered the lowest weekly prices of 30.38 euros/MWh and 33.24 euros/MWh, respectively.
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