During Week 27, European electricity prices increased in all markets, due to warm weather leading to higher demand for electricity and to a decrease in wind energy production in most European countries. The electricity price rose despite the slight decrease in the average price of gas and CO2 emission rights and the increase in solar energy production.
In the SEE region, the price of electricity increased in line with the higher temperatures in the Balkan area. Croatia registered the highest weekly electricity price increase by 12% compared to Week 26, followed by Hungary (+10%). Bulgaria and Romania registered moderate rises in electricity prices – by 8% compared to the previous week.
In the SEE region, weekly average spot electricity prices raised above 95 euros/MWh, except in Turkey where electricity prices stood at 67.4 euros/MWh. Electricity prices ranged between 95 and 117 euros/MWh. Serbia registered the lowest weekly spot – 95.1 euros/MWh, followed closely by Bulgaria and Romania were the second cheapest electricity markets, with 95.15 euros/MWh.
Italy was the most expensive country in Europe at 116.51 euros/MWh, followed by Greece, with an electricity price of 108.12 euros/MWh.
Weekly average spot electricity prices in Central Europe followed an upward trend in all markets during Week 27- The Netherlands was the country with the lowest electricity price at 82.94 euros/MWh, followed closely by Germany which registered an electricity price at 84.26 euros/MWh.