Although many European markets recorded high electricity prices on Monday, June 1, prices declined in the following days. As a result, in the first week of June, the weekly average price fell compared to the previous week in most major European electricity markets. The main exceptions were the German, Italian, and Nordic markets, which saw increases of 0.8%, 3.7%, and 55%, respectively. In contrast, the French market experienced the largest drop of 63%, while other analyzed markets at AleaSoft Energy Forecasting recorded decreases ranging from 0.6% in the Netherlands to 15% in Great Britain.
During the week of June 1, weekly average prices remained below €95/MWh in most European markets. However, the German (€95.62/MWh), British (€104.20/MWh), and Italian (€128.09/MWh) markets exceeded that threshold. The French market posted the lowest weekly average at just €22.64/MWh, while other markets ranged between €56.77/MWh in Spain and €91.59/MWh in the Netherlands, highlighting significant regional price differences across Europe.
In terms of daily price movements, France consistently recorded prices below €35/MWh for almost the entire week, except on Monday, June 1. A similar pattern occurred in the Nordic market, where prices fell to €31.30/MWh on Sunday, June 7. On June 4, France registered the lowest daily average of the week at €8.13/MWh, marking exceptionally low market conditions compared to other regions.
At the same time, several markets experienced strong price spikes above €100/MWh during the week. These included Germany, Belgium, Great Britain, Italy, the Netherlands, and the Nordic region. On Monday, June 1, Germany recorded the highest daily average of the week at €151.86/MWh, its highest level since January 21, while the Netherlands reached €144.27/MWh, its highest price since January 9.
In the first week of June, higher wind energy production and a slight decline in CO₂ emission allowance prices contributed to downward pressure on European electricity prices. However, electricity demand dynamics also played a role in shaping market trends across the region.
Looking ahead, AleaSoft Energy Forecasting indicates that in the second week of June, prices are expected to rise in most European electricity markets, driven by higher demand in several countries and lower wind generation in Italy and France. In contrast, the Iberian Peninsula is expected to see lower prices in Spain and Portugal, supported by increased wind production and reduced demand in Spain. Additionally, higher wind output in Germany may contribute to slightly lower prices there, although overall market direction will continue to be influenced by gas price trends across Europe, AleaSoft reports.