During the second week of May, daily electricity prices in the main European electricity markets remained below the levels reached in the previous week. As a result, weekly average prices declined across all analyzed markets compared to the prior period. The British market recorded the smallest decrease at just 0.1%, while the French market saw the sharpest drop of 40%. In the remaining markets covered by AleaSoft Energy Forecasting, price reductions ranged from 7.5% in the Nordic market to 17% in the Spanish market.
In the week of May 11, weekly average prices remained below €100/MWh in most European electricity markets. The Italian and British markets were the main exceptions, with averages of €116.22/MWh and €119.33/MWh, respectively. At the lower end of the spectrum, the French, Spanish, and Portuguese markets recorded the weakest prices, at €44.02/MWh, €49.83/MWh, and €49.98/MWh. In other analyzed markets, prices were relatively clustered, ranging from €90.29/MWh in Belgium to €98.87/MWh in Germany.
Regarding daily price movements, the Iberian markets—Spain and Portugal—along with France, frequently recorded prices below €50/MWh throughout the second week of May. The French market registered the lowest daily average of the week, falling to just €24.36/MWh on May 14, marking one of the weakest price levels among all analyzed markets.
On the opposite side, the Italian and British markets consistently experienced higher price pressure, with daily averages exceeding €100/MWh during the week. Several other markets, including Germany, Belgium, the Netherlands, and the Nordic region, also surpassed the €100/MWh threshold in at least one trading session. The Italian market recorded the highest daily price of the week, reaching €136.36/MWh on May 15.
In the week of May 11, increased wind and solar generation across Europe was the main driver of falling electricity prices, supported in some regions by lower electricity demand. However, forward-looking forecasts from AleaSoft Energy Forecasting suggest that prices may rise again during the third week of May, as wind energy production is expected to decline. At the same time, demand is projected to increase in certain markets, while gas prices are likely to remain a key influencing factor in shaping European electricity price dynamics, AleaSoft reports.