June 20, 2024
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HomeUncategorizedEurope: Weekly electricity prices ranged between 5 and 92 euros/MWh

Europe: Weekly electricity prices ranged between 5 and 92 euros/MWh

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According to AleaSoft Energy Forecasting, in the third week of April, prices increased in most major European electricity markets compared to the previous week. The exception was the MIBEL market of Portugal and Spain, with decreases of 29% and 33%, respectively. The Nord Pool market of the Nordic countries reached the largest percentage price rise, 111%. In contrast, the IPEX market of Italy registered the smallest percentage increase, 18%. In the other markets analyzed at AleaSoft Energy Forecasting, prices increased between 25% in the EPEX SPOT market of Belgium and 72% in the EPEX SPOT market of France.

In the third week of April, weekly averages exceeded €50/MWh in most analyzed European electricity markets. The exceptions were the Portuguese, Spanish and French markets, with averages of €4.85/MWh, €5.09/MWh and €21.38/MWh, respectively. With these weekly averages, the MIBEL market has already registered eleven consecutive weeks with the lowest prices in the analyzed markets. On the other hand, the German and Italian markets registered the highest weekly averages, €70.93/MWh and €91.59/MWh, respectively. In the rest of the analyzed markets, prices ranged from €51.20/MWh in the Belgian market to €67.44/MWh in the N2EX market of the United Kingdom.

Regarding hourly prices, despite the increase in weekly average prices, in the third week of April, almost all analyzed European markets registered negative prices. The exceptions were the Italian and Nordic markets. The Belgian market reached the lowest hourly price, ‑€35.00/MWh, on Sunday, April 21, from 11:00 to 12:00. On the other hand, from Monday, April 15, to Sunday, April 22, the Portuguese and Spanish markets registered 33 and 34 hours with negative prices, respectively.

During the week of April 15, the rise in the average price of gas and CO2 emission allowances, as well as the increase in demand in most analyzed markets, exerted an upward influence on European electricity market prices. In the case of the German market, moreover, wind and solar energy production fell. In contrast, in the Iberian Peninsula and France, production using these technologies increased. This contributed to these markets registering the lowest weekly averages, AleaSoft Energy Forecasting reports.

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