June 21, 2024
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HomeUncategorizedEurope: Weekly electricity prices ranged between 25 and 103 euros/MWh

Europe: Weekly electricity prices ranged between 25 and 103 euros/MWh

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According to AleaSoft Energy Forecasting, In the fourth week of April, prices in the main European electricity markets increased compared to the previous week. The EPEX SPOT market of France and the MIBEL market of Spain and Portugal had the largest percentage rises, 181%, 402% and 419%, respectively. In contrast, the EPEX SPOT market of Germany registered the smallest percentage increase, 9.3%. In the other markets analyzed at AleaSoft Energy Forecasting, prices increased between 12% in the IPEX market of Italy and 32% in the EPEX SPOT market of Belgium.

In the week of April 22, weekly averages exceeded €60/MWh in most analyzed European electricity markets. The exceptions were the Portuguese and Spanish markets, with averages of €25.16/MWh and €25.57/MWh, respectively. Once again, the MIBEL market had the lowest average prices of the week for the twelfth consecutive week.

In contrast, the Italian market registered the highest weekly average, €102.58/MWh. In the rest of the markets, prices ranged from €60.12/MWh in the French market to €86.36/MWh in the N2EX market of the United Kingdom.

Regarding hourly prices, despite the increase in weekly average prices, on Sunday, April 28, most analyzed European markets registered negative prices. The exceptions were the British, Italian and Nordic markets. The German, Belgian and Dutch markets also registered negative prices on April 27. In addition to Sunday, the Portuguese market had negative prices on April 22, while the Spanish market registered negative prices on April 22 and 23. The German, Belgian, French and Dutch markets reached the lowest hourly price, ‑€65.06/MWh, on Sunday, April 28, from 14:00 to 15:00.

During the week of April 22, the fall in wind energy production in most analyzed European markets, as well as the increase in demand in some cases, had an upward influence on European electricity market prices. In the case of the French market, moreover, solar energy production fell.

AleaSoft Energy Forecasting’s price forecasts indicate that prices in most analyzed European electricity markets might fall in the first week of May, influenced by declining demand. In addition, wind energy production might increase in markets such as Germany and Italy. However, MIBEL market prices might continue to increase with the fall in wind energy production in the Iberian Peninsula, AleaSoft Energy Forecasting reports.

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