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In the third week of August, electricity prices across most major European markets saw significant increases compared to the previous week. Here’s a breakdown of the changes:
- French EPEX SPOT Market: Experienced the most substantial price surge at 115%.
- Belgian EPEX SPOT Market: Followed with a 42% rise.
- German and Dutch EPEX SPOT Markets: Prices went up by 27% in Germany and 24% in the Netherlands.
- Nord Pool Market: Prices in the Nordic countries rose by 24%.
- Italian IPEX Market: Saw the smallest increase at 1.2%.
- Spanish and Portuguese MIBEL Market: Contrarily, prices fell by 13%.
Weekly average prices:
- Italian Market: The highest at €130.21/MWh.
- German Market: €96.41/MWh.
- Dutch Market: €89.88/MWh.
- Nord Pool Market: €21.42/MWh.
- Iberian MIBEL Market: €81.79/MWh.
Negative pricing observations:
- Dutch Market: Negative prices occurred on August 12 and 15, with the lowest being €-10.06/MWh on August 12 between 2 p.m. and 3 p.m.
- German Market: A negative price of €-0.04/MWh was recorded on August 15 between 2 p.m. and 3 p.m.
- Belgian Market: Negative prices were observed on August 18 between 3 p.m. and 5 p.m., with values of €-5.48/MWh and €-0.38/MWh.
- Iberian Market: Prices were at €0/MWh between 10 a.m. and 5 p.m. on August 15 and between 11 a.m. and 6 p.m. on August 18.
Contributing factors:
- Increased demand: Noted in several markets.
- Reduced renewable production: Solar and wind production in Germany and Italy, and solar production in France and the Iberian Peninsula, were lower.
- Iberian market: Higher wind production and lower demand led to lower prices.
Forecast for the Week of August 19:
- Iberian Peninsula, Great Britain, Belgium and the Netherlands: Prices are expected to increase due to higher demand and reduced wind production in the Iberian market.
- German, French and Italian Markets: Anticipated price declines due to increased wind and solar production in Germany and Italy.
Overall, while the majority of markets experienced higher prices in the week of August 12, forecasts suggest a mixed trend with some markets facing rising prices and others experiencing declines in the following week.
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