November 22, 2024
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SEE region: Electricity prices ranged between 69 and 127 €/MWh

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In Week 46, European electricity prices responded to electricity demand and renewable supply and the geopolitical situation in the Middle East.

During the week, the increase in the average price of gas and CO2 emission rights had an upward influence on European market prices. Over the weekend, the combination of lower demand and high renewable energy production helped prices to fall in most markets.

In the SEE region, the price of electricity on the exchanges fell in five markets, while the other markets experienced higher electricity prices. Greece, Bulgaria, Romania, Croatia and Turkey registered electricity price declines by 12%, 7%, 6%, 2% and 1% respectively, while Italy, Hungary and Serbia posted electricity price growth by 1 to 4%.

Most countries registered electricity price losses, with all markets posting electricity prices below €100/MWh, except Italy. Electricity prices ranged between 69 – €127/MWh. Turkey recorded the lowest weekly price at an average of €68.55/MWh, followed by Croatia, with electricity price at €95.81/MWh. The Italian market registered the highest price, with an average of €126.73/MWh, followed by Greece, which recorded an electricity price of €99.39/MWh.

Weekly average spot electricity prices in Central Europe followed a downward trend in most markets during Week 46. The ample wind output in combination with the steady electricity demand contributed to this trend.

All wholesale electricity markets in Central Europe experienced moderate electricity price losses, except Switzerland and Slovakia, with all markets displaying electricity prices below €100/MWh, except Switzerland. France recorded the lowest electricity price at €83.48/MWh, followed by Belgium which registered electricity prices at €87.11/MWh.

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