During Week 34 of 2024, the SEE electricity markets exhibited varying price trends compared to the previous week. While Greece, Bulgaria and Romania experienced price increases, other countries in the region saw declines. The price decreases were primarily due to higher wind energy production, lower demand and reduced average temperatures.
- Price increases:
- Bulgaria: +4.75%, average price €129.50/MWh.
- Romania: +4.68%, highest regional average price at €129.68/MWh.
- Greece: +3.47%.
- Price decreases:
- Italy: -5.30%.
- Turkey: -4.98%, lowest regional price at €70.54/MWh.
- Croatia: -3.79%, second cheapest at €108.68/MWh.
In Central Europe, electricity prices showed a mixed performance, with some countries like Switzerland, Slovakia, and the Czech Republic experiencing price increases. The general trend was a decline in prices, influenced by lower gas prices, increased wind energy, and high solar energy production.
- Highest price in Central Europe:
- Slovakia: €116.21/MWh, +4.35%.
- Lowest price in Central Europe:
- France: €43.45/MWh, a significant decrease of -33.70%.
Overall, European weekly averages were around €93.31/MWh, with prices ranging from €43.45/MWh in France to €129.68/MWh in Romania. The Iberian Peninsula had prices around €82/MWh, with Portugal slightly higher than Spain.
In the southern part of Europe, most SEE countries traded above €100/MWh, except for Turkey. The Romanian market stood out with the highest price, while Turkey and Croatia were the least expensive in the region.
