In the second week of June, most European electricity markets recorded their highest price levels at the beginning of the week, followed by a gradual decline in subsequent trading sessions. As a result, weekly average electricity prices decreased in most markets, reflecting easing pressure across the region.
The only exception was France, where prices increased by 16% compared with the previous week. In contrast, the Spanish and Portuguese markets registered the largest declines, both falling by 20%. In other analyzed markets by AleaSoft Energy Forecasting, price reductions ranged from 1.6% in Great Britain to 18% in the Nordic region.
During the week of June 8, average electricity prices remained below €85/MWh in most European markets, with exceptions in Germany (€86.44/MWh), Great Britain (€102.52/MWh), and Italy (€123.17/MWh). France recorded the lowest weekly average at €26.21/MWh, despite the price increase. Other markets ranged from €45.42/MWh in Spain to €84.88/MWh in the Netherlands.
Daily price movements showed significant volatility across Europe. The French market frequently recorded prices below €30/MWh, while similar lows appeared in Spain and Portugal on June 12, in Great Britain and the Netherlands on June 13, and in Germany, Belgium, and the Nordic market on June 13–14. France reached the lowest daily average of the week at €11.64/MWh on June 11.
In other notable movements, Great Britain saw its lowest price since April 12 at €27.42/MWh on June 13, while Belgium and the Netherlands also hit their lowest levels since May 2. Germany and Italy recorded similarly low prices on June 14, at €25.12/MWh and €91.15/MWh, respectively.
At the same time, Italy experienced daily prices above €100/MWh throughout Monday to Friday, while Germany, Belgium, Great Britain, and the Netherlands also saw multiple sessions above that threshold. The Nordic market crossed €100/MWh on June 8, and Italy reached the highest daily average of the week at €146.65/MWh on June 10, its highest level since mid-April.
Overall, lower CO₂ allowance prices and higher wind generation in most markets exerted downward pressure on electricity prices. Reduced demand in Great Britain further contributed to price declines, while higher demand and weaker wind output in France supported its price increase.
Looking ahead, AleaSoft Energy Forecasting expects prices to rise in most European markets in the third week of June, driven by higher electricity demand and lower wind generation, with gas price trends also expected to play a key role in market direction, AleaSoft reports.