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SEE region: Spot electricity prices ranged between 76 and 131€/MWh

In week 43, some European electricity markets edged lower while others reported price gains. This is the result of the uncertainty resulting from the geopolitical tension in the Middle East combined with the mild weather, leading to almost full reserves of natural gas.

In the SEE region, the price of electricity on the exchanges fell in half of the markets, while the rest markets reported gains. Italy, Bulgaria, Romania and Turkey registered lower electricity prices by 12%, 2.5%, and 1% respectively, mainly due to higher wind production. On the other hand, Greece, Serbia, Hungary and Croatia reported higher electricity prices compared to Week 42 by 6%, 4%, 3% and 2% respectively.

In SEE Europe, all markets posted electricity prices above 100 €/MWh, except Turkey. Electricity prices ranged between 76 and 131 €/MWh, with wholesale electricity prices forming lower in Turkey at a weekly average of 76.4 €/MWh, followed by Croatia, with electricity prices at 108 €/MWh.

The Italian market registered the highest prices in the SEE region, with an average price of 131.1 €/MWh during the week and a decrease of 12% compared to the previous week, followed by Greece which recorded electricity price growth by 6% compared to week 42, to 119.9 €/MWh.

Weekly average spot electricity prices in Central Europe followed an upward trend in all markets, except Switzerland, during week 43.

All wholesale electricity markets in Central Europe experienced considerable electricity price gains, with all the markets, except France and Belgium, posting prices above 100 €/MWh. France was the country with the lowest electricity price at 89.5 €/MWh, followed by Belgium which registered an electricity price at 96.2 €/MWh.

Slovakia was the most expensive country in Central Europe with electricity prices at 108.6 €/MWh.

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