In the third week of March, electricity prices in Europe decreased compared to the previous week, with an average price decline of around 6 %, despite the higher gas prices. Lower electricity demand and mild temperatures coupled with the higher solar output, supported the downward trend.
In the SEE region, the price of electricity fell in all of the markets, except in Turkey where it remained stable. Bulgaria and Romania registered the highest percentage decreases of 6% and 5% respectively, while the rest of the countries posted an average electricity price plunge of around 2%.
All countries in the SEE region registered electricity price losses, with prices remaining below €70/MWh, except Italy. Prices ranged between €64-88/MWh.
Turkey recorded the lowest electricity price at a weekly average of €64.64/MWh, followed by Bulgaria, with a price of €63.48/MWh. The Italian market registered the highest average price in the region, at €87.59/MWh, followed by Hungary, which recorded a price of €67.59/MWh.
The weekly average spot electricity prices in Central Europe followed a downward trend. Most of the markets posted lower electricity prices, as soft weather conditions led to lower electricity demand.
Electricity markets in Central Europe during week 12 posted prices between €44-71/MWh. Switzerland recorded the highest electricity price at €71.30/MWh. France was the cheapest country in Central Europe with an electricity price of €44.37/MWh.
