July 9, 2025
Owner's Engineer banner
HomeSEE Energy NewsEurope: Electricity prices rise in early July amid higher demand and lower...

Europe: Electricity prices rise in early July amid higher demand and lower wind production

Supported byClarion Energy

In the first week of July, average electricity prices increased across the main European markets compared to the previous week. The smallest increases were recorded in the MIBEL market of Portugal and Spain, and in the IPEX market of Italy, with price rises of 4.4%, 4.5%, and 4.7%, respectively. In contrast, the largest increases occurred in the EPEX SPOT markets of Germany and Belgium, both rising by 43%. Other markets saw price increases ranging from 23% in France and the United Kingdom to 37% in the Netherlands.

Weekly average prices during the week of June 30 exceeded €75/MWh in most of the analyzed markets, with the exception of the Nord Pool market in the Nordic countries, which averaged €20.04/MWh. The Italian market recorded the highest weekly average price at €122.82/MWh. Other markets had averages ranging from €75.50/MWh in France to €94.03/MWh in Belgium.

On the daily level, the Nordic market registered the lowest average of the week on Thursday, July 3, at €9.98/MWh. Meanwhile, daily prices surpassed €100/MWh in most of the main European markets on several days. On Tuesday, July 1, prices exceeded €110/MWh in nearly all markets except the Nordic region. That day, the Belgian market reached the highest daily average of the week at €151.71/MWh, its highest since February 15.

Supported byVirtu Energy

In terms of hourly prices, Germany, Belgium, and the Netherlands saw prices above €450/MWh on Tuesday, July 1. Between 20:00 and 21:00, the Belgian and Dutch markets reached the week’s highest hourly price of €517.57/MWh. This marked the highest hourly price since January 21 for the Dutch market and since December 13, 2024, for the Belgian market.

The rise in prices during the week of June 30 was influenced by higher electricity demand and lower wind energy production in markets such as Germany and Italy. Additionally, solar energy output decreased in both Spain and Italy, contributing to the price increases.

According to AleaSoft Energy Forecasting, electricity prices are expected to decline in most major European markets during the second week of July, driven by lower demand and increased wind energy generation, AleaSoft reports.

RELATED ARTICLES

Supported byOwner's Engineer
Supported byElevatePR Serbia
Supported byClarion Energy
Supported by
error: Content is protected !!