In the week from June 26 to July 2 (week 26), Europe recorded a drop in average weekly electricity prices. This is a consequence of the drop in the price of gas and emission rights as well as a significant increase in the wind production. At the same time, zero and negative electricity prices were recorded in the intervals with the highest solar radiation during the weekend.
In the region of Southeast Europe, a drop in the price of electricity was recorded in four markets – Bulgaria, Romania, Serbia and Croatia. Serbia recorded the biggest weekly price drop of 17%, while Hungary is in second place, with a weekly price drop of 14%.
Electricity prices in the SEE region ranged between 66 and 115 euros per MWh. The lowest wholesale price was recorded in Turkey, 66.4 euros per MWh. Romania and Bulgaria follow with 88.2 euros per MWh.
The Italian market was once again the most expensive in Europe at 115.7 euros per MWh, despite a 3 percent drop compared to the 25th week. It is followed by Greece, which recorded a price increase of 9%, to 101.6 euros per MWh.
In the last week of June, the average spot electricity prices in Central Europe also fell in all markets. They remained below the 90 euros per MWh threshold in almost all markets.
The exceptions are Slovakia, with an average price of 95.1 euros per MWh and the Czech Republic, with 94.2 euros per MWh. The Netherlands recorded the lowest weekly price – 70.3 euros per MWh.
