In week 17 electricity prices in Southeast Europe increased compared to the previous week by an average of 13%, due to higher electricity demand coupled with the lower wind output. In the region, the price of electricity on the exchanges soared in all of the markets.
Romania and Bulgaria registered the highest percentage increases by 16% in both countries compared to the previous week, followed by Croatia and Serbia registering higher electricity prices by 13%.
All of the SEE countries registered electricity price gains, with electricity prices trading above 70 euros/MWh. Electricity prices ranged between 74-103 euros/MWh. Greece recorded the lowest weekly average of 74.1 euros/MWh, followed by Bulgaria with 76.24 euros/MWh on average. The Italian market registered the highest average price in the SEE region, with an average of 102.58 euros/MWh. It was followed by Serbia at 81.42 euros/MWh.
Weekly average spot electricity prices in Central Europe followed an upward trend. Markets posted prices between 60 and 79 euros/MWh. Slovakia was the country with the highest electricity price at 78.68 euros/MWh, followed by the Czech Republic at 78.41 euros/MWh. France was the cheapest country in Central Europe with an electricity price of 60.12 euros/MWh, although posting a huge 181% increase compared to week 16.
