In the last week of May, electricity prices decreased in all European markets due to the drop in consumption and gas prices and higher production of solar and wind energy. In week 21, most European markets recorded negative or zero hourly prices, especially over the weekend.
In Southeast Europe, the spot price of electricity also fell in week 21 compared to the previous week. The biggest weekly decline was recorded in Turkey, by 13%, followed by Greece (12%).
Prices in SEE ranged between 79 and 93 euros per MWh. The wholesale electricity price was the lowest in Croatia – 79 euros per MWh. Serbia follows with 79.04 euros per MWh. The Italian market was the most expensive in Europe – 93.3 euros per MWh, followed by the Greek market (89.8 euros per MWh).
Average weekly spot electricity prices in Central Europe also fell as a result of increased wind power generation in most markets and increased solar power generation in France and Germany. The Netherlands recorded the lowest price – 62.4 euros per MWh.
