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SEE region: Weekly electricity prices ranged between 92 and 100 €/MWh in week 45

In week 45, European electricity market prices increased due to lower wind and higher demand. Higher prices were also supported by the geopolitical tension in the Middle East. The increase in demand and the fall in wind energy production after high levels at the end of October and the beginning of November favored the rise in prices.

In the SEE region, the price of electricity on the exchanges surged in all markets, by an average of 28%. Croatia and Hungary registered the highest percentage increases, by 42% and 40% respectively, followed by Serbia and Greece, which experienced higher electricity prices by 29% and 36% respectively.

All markets posted electricity prices below 100 €/MWh. Electricity prices ranged between 92 and 100 €/MWh, with wholesale electricity prices forming lower in Turkey at a weekly average of 69.39 €/MWh, followed by Serbia’s registered electricity price at 96.31 €/MWh.

Four countries in SEE region registered electricity prices above 100 €/MWh. The Italian market registered the highest prices among the analyzed markets, with an average price of 121.54 €/MWh during the week, followed by Greece, with an electricity price of 113.48 €/MWh.

Weekly average spot electricity prices in Central Europe followed an upward trend in all markets. The tight wind output in combination with the decline of solar output as the winter approaches contributed to this behaviour.

All wholesale electricity markets in Central Europe experienced significant electricity price gains, but all the markets posted prices below 100 €/MWh, except Switzerland.

France recorded the lowest electricity price at 91.55 €/MWh, followed by Germany which registered electricity price at 92.51 €/MWh.

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