European electricity prices decreased in week 36, due to an increase in wind production and a decrease in electricity consumption. In all markets in the SEE region, the price of electricity decreased, by 14% on average.
Greece registered the highest weekly electricity price decline by 22% compared to the previous week, followed by Bulgaria (-21%). Croatia, Turkey and Italy posted moderate losses in their electricity prices by 9%, 8% and 5% respectively.
Electricity prices ranged between 68 and 107 euros per MWh. The lowest wholesale electricity price was recorded in Turkey at a weekly average of 68.5 euros per MWh, followed by Greece and Bulgaria, with electricity prices at 95.7 euros per MWh and 96 euros per MWh respectively. Italy was the most expensive market in the region, with 106.7 euros per MWh, followed by Hungary (99.5 euros per MWh).
Weekly average spot electricity prices in Central Europe followed a downward trend in all markets during Week 36, due to the decrease in the average gas price and the surge in wind generation. All wholesale electricity markets in Central Europe experienced considerable losses in prices, with all markets posting prices below 100 euros per MWh, except Germany.
France was the country with the lowest electricity price at 93.8 euros per MWh, followed by Switzerland which registered an electricity price of 98.15 euros per MWh, as wind energy production increased during week 36.