Weekly average electricity prices increased across most major European electricity markets in the fourth week of September, with Italy the only exception. The Nordic market recorded the strongest increase, with prices rising 35%, followed by Great Britain, where prices climbed 31%. Prices also increased by 18% in the Netherlands, 17% in Belgium, 14% in Germany and 12% in France. Spain and Portugal posted the smallest gains, at 9.7% and 10%, respectively, while Italy recorded a 6.7% decline.
Despite the decrease, Italy once again recorded the highest weekly average price, at €201.47/MWh. The Nordic market remained the cheapest, with an average of €109.72/MWh. Across the other markets analyzed by AleaSoft Energy Forecasting, weekly average prices ranged from €144.87/MWh in Spain to €176.70/MWh in Great Britain.
Most markets reached their weekly price peaks on Tuesday, September 22. The British market recorded €230.16/MWh, the highest price among the markets analyzed and its highest level since January 23, 2025. Germany and the Netherlands also exceeded €220/MWh, reaching €226.18/MWh and €223.94/MWh, respectively, while Belgium reached €211.18/MWh. Italy recorded its weekly peak of €224.23/MWh on Monday, September 21, and prices remained above €200/MWh throughout the period from Monday to Friday. France, Portugal and Spain reached their weekly highs on Friday, September 25, at €161.52/MWh, €161.38/MWh and €158.92/MWh, respectively.
At the lower end of the market, the Nordic region recorded the lowest price of the week, at €52.11/MWh on Monday, September 21. Prices declined across all analyzed markets on Sunday, September 27, compared with the previous day. France, Portugal, Spain, Great Britain, Belgium and the Netherlands all recorded their weekly lows that day, with prices ranging from €113.65/MWh in Spain to €118.54/MWh in Great Britain. The Nordic market remained the lowest-priced market, at €56.07/MWh.
Lower wind power generation in most markets contributed to higher electricity prices despite falling gas prices. In Great Britain and Portugal, stronger electricity demand provided an additional upward pressure on prices. In Italy, by contrast, higher wind generation combined with lower demand contributed to the decline in electricity prices.
According to AleaSoft Energy Forecasting, price forecasts for the week beginning September 28 point to higher electricity prices across most of the analyzed European markets. Italy and Great Britain are the main exceptions, with prices expected to decline in both markets, AleaSoft reports.
