In Week 40 European electricity market prices decreased compared to week 39, supported by mild weather and weak demand. In the SEE region, the price on the electricity exchanges fell in all markets except Italy and Turkey, with an average percentage decrease of around 5%.
Serbia registered the highest weekly electricity price drop of 12.5% compared to the previous week, followed by Hungary (-9.5%). Turkey posted an electricity price surge of nearly 7%, followed by Italy (4%).
In southeast Europe, all markets posted electricity prices below 100 euros per MWh, except Turkey and Italy. Electricity prices ranged between 76 – 121 euros per MWh, with wholesale electricity prices forming lower in Turkey at a weekly average of 75.78 euros per MWh, followed by Serbia, Bulgaria and Romania, with electricity prices at 89.71 euros per MWh and 92.14 euros per MWh respectively.
Italy was the most expensive country in SE Europe at 120.79 euros per MWh, followed by Greece which recorded an electricity price of 97.64 euros per MWh.
Weekly average spot electricity prices in Central Europe followed a downward trend in all markets during Week 40. The increase in wind generation and the lower gas prices helped in electricity price de-escalation. The decrease in the average price of gas and CO2 and the increase in wind energy production in some markets led to lower prices in European electricity markets.
All wholesale electricity markets in Central Europe experienced considerable electricity price losses, with all markets posting prices below 100 euros per MWh. Germany recorded the lowest electricity price at 74.2 euros per MWh, posting losses of 30% compared to Week 39. It was followed by France which registered an electricity price of 78.8 euros per MWh. Switzerland was the most expensive country in Europe with electricity prices at 95.32 euros per MWh.