European electricity prices have dropped during the week 15 compared to the previous week, as a result of the decrease in the average price of gas and CO2 emission rights. The general increase in wind energy production and the decrease in demand in most markets also contributed to this trend.
All countries in the SEE region recorded notable losses with an average price decrease of 13%.
Turkey registered the highest weekly electricity price fall by 19%, followed by Romania and Bulgaria which faced an electricity price plunge by 15% in both countries. Hungary and Croatia registered lower electricity prices by 12%.
Electricity prices in SEE in week 15 traded in the range of 100 – 135 euros/MWh.
Romania was the country with the lowest electricity price at 99.6 euros/MWh followed and in Bulgaria and Serbia which registered electricity prices at 99.7 euros/MWh and 106 euros/MWh respectively.
Italy was the most expensive country in Europe at 134.5 euros/MWh, followed by Greece which recorded an electricity price of 119.8 euros/MWh.
Weekly average spot electricity prices in Central Europe followed a downward trend, with the exception of Switzerland. The Netherlands was the country with the lowest electricity price at 88.46 euros/MWh. Switzerland recorded highest electricity price in Central Europe – 118 euros/MWh.
