In week 24, electricity prices in Southeast Europe decreased compared to the previous week, by 19% on average, due to the stable electricity demand and lower gas prices. In the SEE region, the price of electricity on the exchanges decreased in all markets. Croatia and Hungary registered the highest percentage decreases by 18% and 15% respectively compared to the previous week, followed by Serbia and Romania down by 13% and 12.5% respectively.
Electricity prices ranged between 66 and 108 euros/MWh. Turkey recorded the lowest weekly average of 66.09 euros/MWh, followed by Hungary with 90.67 euros/MWh. The Italian market registered the highest average price, at 107.73 euros/MWh, followed by Greece (101.05 euros/MWh).
Weekly average spot electricity prices in Central Europe dropped in the major electricity markets during week 24. Renewable output soared, giving relief to electricity prices. The stable electricity demand also exerted downward pressure on electricity prices. Electricity markets in Central Europe posted prices between 21-79 euros/MWh.
Slovenia was the country with the highest electricity price in Central Europe, at 98.36 euros/MWh, while France was still the cheapest country with 36.68 euros/MWh.
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