Italian day-ahead power averaged €215.82/MWh in the week to 20 September, rising 2.51% week-on-week. Italy stayed the highest-priced power market in Southeast Europe during the period. The higher price coincided with declines in both electricity consumption and net imports.
Prices in Italy were about €60/MWh above Greece and €34/MWh above Hungary. Italy also remained the largest net importer among the markets covered, with imports totaling 926.37 GWh. However, its import volume fell 17.77% over the week.
Demand and generation fall alongside lower imports
Italian electricity demand decreased by 9.21% to 5,391.13 GWh, representing the largest absolute reduction among the countries in the report. Italian gas-fired generation declined by 10.86%. This contributed to an 8.87% drop in total thermal output.
Price signals depend on physical delivery conditions
The combination of a high price and lower import volumes highlights the need to test regional price comparisons against physical flows. A neighbouring producer may face an attractive Italian price, but deliverable volumes depend on interconnector availability, hourly market conditions and domestic needs.
Italy’s premium remained substantial despite weaker demand. For Southeast European exporters, access to the Italian market remained commercially valuable, with realised trading margins settled at the border and hour of delivery.