Weekly electricity prices drop across most European markets

Electricity prices fell across most major European markets last week, according to AleaSoft Energy Forecasting. The consultancy recorded price declines in Belgium, Britain, the Netherlands, France, Germany, Nordic countries, Portugal, and Spain. Italy was the only exception.

In most analyzed markets, weekly average prices dropped below €85 ($91.56)/MWh. However, Britain and Italy remained above this threshold. The British market averaged €107.21/MWh, while Italy had the highest at €123.25/MWh. The Nordic market recorded the lowest average at €29.68/MWh.

AleaSoft attributed the decline to lower electricity demand and increased wind energy production, despite rising CO2 emission allowance prices. In contrast, Italy saw higher demand and reduced wind energy output, pushing prices up.

Looking ahead, AleaSoft predicts electricity prices will rise again across most European markets in the fourth week of March.

Meanwhile, solar energy production increased in France, Germany, and Italy during the third week of March. Each country set new daily records for solar generation. France produced 120 GWh on March 18, Germany reached 324 GWh the same day, and Italy recorded 121 GWh on March 20. These levels were last seen in August and September of the previous year.

AleaSoft expects Spain’s solar production to rise in the fourth week of March after a decline the previous week, while Germany and Italy could see lower output.