During the second week of April, daily electricity prices in most major European markets remained below the levels recorded in the previous week, leading to a decline in weekly averages across the region. The main exceptions were the British, Portuguese, and Spanish markets, where prices increased by 1.3%, 182%, and 194%, respectively. In contrast, the French market recorded the steepest drop, with prices falling by 52%. Other markets analyzed by AleaSoft Energy Forecasting saw decreases ranging from 5.3% in Germany to 12% in Italy.
In the week of April 6, weekly average prices stayed below €75/MWh in most European markets. However, the Dutch, British, and Italian markets exceeded this level, with averages of €83.41/MWh, €86.03/MWh, and €119.89/MWh, respectively. The lowest weekly averages were recorded in France, Portugal, and Spain, at €33.90/MWh, €35.64/MWh, and €36.57/MWh. Other markets showed intermediate values, from €58.34/MWh in the Nordic region to €74.29/MWh in Belgium.
Looking at daily price dynamics, Germany recorded the lowest daily average of the week on Monday, April 6, at €3.04/MWh. On the same day, France and the Nordic market also registered prices below €10/MWh, at €3.47/MWh and €9.03/MWh, respectively.
Conversely, the Italian market maintained consistently high daily prices, exceeding €100/MWh throughout the week. In the British market, prices also surpassed €100/MWh in most sessions. On Friday, April 10, prices rose above €110/MWh in Germany, Belgium, and the Netherlands, with Italy recording the highest daily average of the week at €129.67/MWh.
Overall, declining gas and CO₂ emission allowance prices, combined with lower electricity demand and increased solar energy production, exerted downward pressure on electricity prices across most European markets. However, in Spain and Portugal, rising demand alongside reduced wind and solar output in the Iberian Peninsula contributed to higher prices. Forecasts from AleaSoft Energy Forecasting suggest that in the third week of April, electricity prices are expected to rise, driven by increased demand, lower wind energy production, and the evolving behavior of gas prices, AleaSoft reports.