In early April, European electricity markets witnessed significant price fluctuations driven by varying supply and demand factors. The first week of April saw daily prices initially rising until April 1, followed by a decline for the remainder of the week. This led to a decrease in weekly average prices across most markets, with notable exceptions in the Dutch, French, and Nordic markets, which experienced increases of 1.9%, 8.8%, and 37%, respectively. Conversely, the Portuguese and Spanish markets reported substantial price declines of 29% and 30%.
During the week ending March 30, most European electricity markets maintained weekly averages below €85/MWh, with the Dutch and Italian markets as outliers averaging €88.83/MWh and €136.15/MWh, respectively. Spain and Portugal recorded the lowest weekly averages at €12.44/MWh and €12.62/MWh. Other analyzed markets showed a range from €61.97/MWh in the Nordic market to €84.95/MWh in the British market.
Daily pricing trends revealed that Iberian markets remained below €25/MWh in early April; however, Germany recorded the lowest daily average of €16.34/MWh on April 5—its lowest since July 3, 2023. On the same day, France and Belgium also noted their lowest daily prices since May 12, 2025, with averages of €3.56/MWh and €0.05/MWh, respectively. In contrast, Italy’s daily prices stayed above €100/MWh throughout the week, peaking at €159.99/MWh on April 1—the highest for that week—while France reached €134.70/MWh.
The downward trend in electricity prices during the week of March 30 can be attributed to lower gas prices compared to previous weeks alongside reduced demand levels across various markets. Additionally, an increase in solar energy production in both the Iberian Peninsula and Germany contributed to this pricing decline.
Looking ahead, forecasts from AleaSoft Energy Forecasting indicate that electricity prices may continue to decline in certain markets during the second week of April, particularly in Germany where wind and solar production are anticipated to rise. However, ongoing trends in gas prices will remain a critical factor influencing electricity pricing across Europe. Furthermore, potential demand recovery coupled with decreased wind production in the Iberian Peninsula and reduced solar output in Spain could lead to increased prices in both Spanish and Portuguese markets.
