In the first week of September, average electricity prices in the main European markets increased compared to the previous week, with the notable exceptions of the MIBEL market in Portugal and Spain, which saw decreases of 13% and 14%, respectively. The IPEX market in Italy experienced the smallest percentage increase in prices, at 4.0%. Conversely, the Nord Pool market for the Nordic countries saw the largest percentage rise, with a dramatic 135% increase. Other markets analyzed by AleaSoft Energy Forecasting saw price increases ranging from 4.3% in the EPEX SPOT market in France to 19% in the N2EX market in the United Kingdom.
Weekly average prices in the first week of September were above €80/MWh in most European markets. The Nordic market was the exception, with an average price of €21.27/MWh. Italy reported the highest weekly average price at €139.74/MWh, while other markets had prices ranging from €82.34/MWh in France to €101.95/MWh in the UK.
Hourly prices during the first days of September reached their highest levels of the week. On September 2, 3, and 4, both the German and Dutch markets recorded hourly prices exceeding €250/MWh, with the Belgian market also experiencing this on September 3. The highest hourly price of the week was recorded in Germany on September 3 from 19:00 to 20:00, reaching €656.37/MWh—the highest since late June in Germany. On September 3 from 20:00 to 21:00, the Dutch market hit €340.00/MWh, the highest since late September 2023. In Belgium, the highest price was €268.94/MWh on September 3 from 19:00 to 20:00, also the highest since late September 2023.
In contrast, the first week of September also saw some negative hourly prices. The German market experienced negative prices on September 5, the Belgian market on September 8, and the Dutch market on both of these days. The lowest hourly price of the first week was recorded in the Dutch market, at €21.00/MWh on September 5 from 14:00 to 15:00, AleaSoft reports.
