Many European electricity markets saw higher prices on Monday, June 1, followed by declines in the subsequent days. For the first week of June, weekly average prices fell versus the previous week in most major European markets. The exceptions were Germany, Italy and the Nordic market, with increases of 0.8%, 3.7% and 55%, respectively. In contrast, France recorded the largest weekly drop at 63%.
Weekly averages below €95/MWh across most markets
Across the week of June 1, weekly average prices stayed under €95/MWh in most European markets. Germany posted a weekly average of €95.62/MWh, while Great Britain reached €104.20/MWh and Italy rose to €128.09/MWh, all above that threshold. France recorded the lowest weekly average at just €22.64/MWh. Other markets ranged from €56.77/MWh in Spain to €91.59/MWh in the Netherlands.
Daily price patterns in France and the Nordic region
France recorded daily prices below €35/MWh for nearly the entire week, with the exception of Monday, June 1. A similar pattern appeared in the Nordic market, where prices fell to €31.30/MWh on Sunday, June 7. On June 4, France registered the lowest daily average of the week at €8.13/MWh. These figures reflected markedly lower daily conditions in France compared with other regions during that period.
Spikes above €100/MWh and peak levels on June 1
Several markets saw strong price spikes above €100/MWh during the week of June 1. Those markets included Germany, Belgium, Great Britain, Italy, the Netherlands and the Nordic region. On Monday, June 1, Germany recorded the highest daily average of the week at €151.86/MWh, its highest level since January 21. The Netherlands reached €144.27/MWh on that day, its highest price since January 9.
Drivers and outlook for the second week of June
In the first week of June, higher wind energy production and a slight decline in CO₂ emission allowance prices contributed to downward pressure on European electricity prices. Electricity demand dynamics also influenced price developments across the region during the same period. Looking ahead to the second week of June, AleaSoft Energy Forecasting expects prices to rise in most European electricity markets. The forecast cites higher demand in several countries and lower wind generation in Italy and France.
The Iberian Peninsula is expected to see lower prices in Spain and Portugal, supported by increased wind production and reduced demand in Spain. AleaSoft also expects higher wind output in Germany to contribute to slightly lower prices there. Overall direction for European markets is still expected to be influenced by gas price trends across Europe, according to AleaSoft reports.
