In week 5 wholesale electricity prices in Europe slightly receded compared to week 4. Solar energy production continued to increase in most markets as the days have become longer, while wind energy production was lower than the previous week.
In the SEE region the price of electricity on the exchanges fell in most analysed markets, except Turkey and Italy, with an average percentage decrease of 3%. Bulgaria, Greece and Romania registered the highest percentage declines by 6-7%, while Turkey and Italy posted higher electricity prices by 4% and 2% respectively.
Electricity price in all SEE countries were below €96/MWh. They ranged between €63 and 96/MWh, with wholesale electricity prices forming lower in Turkey at a weekly average of €63.07/MWh, followed by Croatia, with electricity price at €76.04/MWh. The Italian market registered the highest average price, with an average of €95.68/MWh, followed by Greece reached price of €85.58/MWh.
Most of the markets in in Central Europe posted electricity prices declines, while the rest of the markets like France, Germany and Czech Republic recorded electricity prices surge. The general decrease in electricity demand led to lower prices in most European electricity markets. However, the decline in wind energy production in countries such as Germany and France contributed to the opposite trend in these countries.
Electricity markets in Central Europe during week 5 posted prices between €60 and 78/MWh. The Czech Republic recorded the highest electricity price at €78.35/MWh. Germany was the cheapest country in Central Europe with electricity price at €59.92/MWh.
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