In Week 31 of 2024, electricity prices in the Southeast European (SEE) market generally fell, with an average decrease of 15.6% compared to the previous week. This trend was attributed to a reduction in electricity demand. Notably, Romania experienced the most significant price drop at 32.15%, followed by Croatia and Bulgaria, both with declines averaging 26.5%.
In contrast, electricity prices in most major European markets increased due to rising gas and CO2 prices. In Central Europe, the weekly performance of spot electricity prices was mixed; while many regions saw price hikes, Eastern European countries like Slovakia, Slovenia, and the Czech Republic reported lower prices.
For the week ending August 4, 2024, prices in Central Europe ranged between 38–95 €/MWh. Portugal recorded the highest price at 95.44 €/MWh, a 13.07% increase from the previous week, followed closely by Spain at 95.39 €/MWh. Switzerland had the lowest price in the region at 38.14 €/MWh, reflecting a notable 12.64% decrease. The weekly average price across Europe was around 85.81 €/MWh, with Switzerland being the least expensive market and Italy the most costly, with prices peaking at 120.13 €/MWh.
The Italian market saw the highest daily prices of 125.89 €/MWh on July 29 and 124.99 €/MWh on August 4. In the Iberian Peninsula, prices also increased, reaching 95.44 €/MWh in Portugal and 95.39 €/MWh in Spain.
In the southern part of Europe, all SEE countries reported electricity price decreases except Italy, where prices remained high, ranging from 73–120 €/MWh. Turkey offered the lowest weekly average price in the SEE region at 72.64 €/MWh, followed by Croatia at 88.33 €/MWh. Italy had the highest average price at 120.13 €/MWh, an increase of 6.12% from the previous week, while Greece’s prices decreased by 14.87% to 116.86 €/MWh.
