In the second week of April, electricity prices in major European markets remained generally stable, with small increases in most markets. However, the IPEX market in Italy saw a 10% decrease. The largest price increase was observed in the Netherlands’ EPEX SPOT market, which rose by 10%. Other markets experienced price hikes ranging from 0.8% in France’s EPEX SPOT market to 9.2% in Spain’s MIBEL market.
During the week of April 7, most European markets had weekly average prices below €75/MWh. Exceptions included Germany (€77.31/MWh), the UK’s N2EX market (€94.55/MWh), and Italy (€102.40/MWh). The Nord Pool market for the Nordic countries had the lowest weekly average at €28.54/MWh, while other markets saw prices ranging from €31.09/MWh in Portugal to €72.96/MWh in the Netherlands.
Daily prices on Sunday, April 13, were below €40/MWh in most major European markets, with the Nordic market reaching the lowest price of €6.06/MWh. On Saturday, April 12, Italy registered its lowest daily price since September 2024, at €85.80/MWh.
In the week of April 7, lower wind energy production contributed to higher electricity prices in most markets. At the same time, increased demand in Belgium, the UK, and the Netherlands added upward pressure on prices. However, the decline in gas and CO2 emission allowance prices somewhat limited these increases.
AleaSoft Energy Forecasting predicts that in the third week of April, prices will fall in most European electricity markets, due to decreased electricity demand and increased wind energy production, AleaSoft reports.