Spot electricity prices in Europe decreased in week 22 in all markets due to the drop in electricity demand and gas prices. In the SEE region, the price of the power exchanges receded in line with the higher temperatures in the Balkan region.
Serbia registered the highest weekly electricity price decrease by 12% compared to week 21. Italy and Croatia registered a decrease in electricity prices of 10% compared to the previous week.
All SEE countries registered weekly average spot electricity price drops, falling below 80 euros/MWh, except in Greece and Italy, where electricity prices reached 86.2 euros/MWh and 83.9 euros/MWh, respectively. Electricity prices in SEE ranged between 69 and 86 euros per MWh. The wholesale weekly electricity price amounted to 69.41 euros per MWh in Serbia and 70 euros per MWh in Croatia.
Greece’s market was the most expensive in Europe at 86.2 euros per MWh, despite a price drop of 4% compared to the previous week. Italy followed, with a price of 83.9 euros per MWh.
Weekly average spot electricity prices in Central Europe followed a downward trend in all markets during week 22. The decrease in the average gas price and the drop in demand led to price decreases in European electricity markets. Most markets were also affected by the increase in wind energy and solar energy production in France and Germany. The Netherlands had the lowest electricity price at 58.7 euros per MWh.
