During the first days of the fourth week of June, electricity prices rose sharply across major European power markets. Although prices eased later in the week, weekly averages still increased compared to the previous period across all analyzed markets. The Portuguese market recorded the smallest rise at 2.1%, while France saw the strongest increase at 39%. In the remaining markets covered by AleaSoft Energy Forecasting, price growth ranged from 5.1% in Spain to 37% in Belgium.
In the week of June 22, weekly average prices remained above €115/MWh in most European markets. The lowest averages were recorded in the Nordic region at €68.24/MWh, followed by Spain and Portugal at €87.37/MWh. At the higher end, Belgium led with €148.34/MWh, while other markets ranged between €115.75/MWh in France and €144.67/MWh in Italy, reflecting a broadly elevated pricing environment across Europe.
Daily price patterns showed strong divergence during the week. The Nordic market consistently stayed below €100/MWh, while Spain and Portugal remained under that level for most of the week except June 23. The lowest daily price was recorded in the Nordics on June 22 at €35.29/MWh. In contrast, Italy stayed above €120/MWh throughout the week, and several markets including Germany, Belgium, Great Britain, and the Netherlands exceeded this threshold on multiple days. France crossed it on three occasions.
Midweek saw the most extreme spikes, with Belgium reaching a weekly high of €257.55/MWh on June 24, its highest level since December 2024. On the same day, the Netherlands hit €227.99/MWh, also a multi-month peak. France and Great Britain reached their highest prices since early 2025 at €157.87/MWh and €184.65/MWh, while Germany climbed to €207.84/MWh, its highest since November 2025. Italy reached €162.66/MWh, its strongest level since March 2026. Spain and Portugal also peaked on June 23 at €112.42/MWh.
The main drivers behind the price increases were higher electricity demand across Europe, combined with lower wind generation in Germany and Italy and reduced solar output in Spain, Italy, and Portugal. These supply-side constraints intensified price pressure during peak demand hours.
For the first week of July, AleaSoft Energy Forecasting expects lower electricity prices across European markets, supported by stronger wind generation and reduced demand in most regions. An expected increase in solar output in Italy may also contribute to easing prices, although gas market trends remain a key uncertainty influencing the overall direction, AleaSoft reports.