In the third week of April, electricity prices across most major European markets reached their highest daily levels early in the week before gradually declining. Despite this mid-week easing, weekly average prices still increased compared to the previous week. The Italian market recorded the smallest rise at 2.7%, while the French market saw the sharpest increase at 109%. In the remaining analyzed markets by AleaSoft Energy Forecasting, price growth ranged from 21% in Great Britain to 67% in the Nordic market.
During the week of April 13, weekly averages exceeded €95/MWh in most European markets. However, Spain, Portugal, and France remained below this threshold, with averages of €50.38/MWh, €50.73/MWh, and €70.93/MWh, respectively. The highest weekly average was recorded in Italy at €123.19/MWh, while other markets ranged between €97.42/MWh in the Nordic region and €109.09/MWh in Germany.
In terms of daily movements, Spain registered the lowest price of the week among the analyzed markets, at €23.80/MWh on April 13, while Portugal also recorded a similarly low level of €23.88/MWh on the same day. At the other end of the spectrum, Italy reached its lowest daily price since late February on April 18, at €89.39/MWh.
Conversely, most European markets experienced daily prices above €100/MWh on at least one trading day during the week, with peaks concentrated at the beginning of the period. On April 14, Italy recorded the highest daily average of the week at €150.62/MWh, while the Nordic market reached €111.14/MWh, its highest level since late February.
The upward pressure on prices during the week of April 13 was driven by a combination of rising CO₂ allowance prices, lower wind generation, and increased electricity demand across most markets. Additionally, reduced solar output in Germany and Italy further contributed to higher price levels.
Looking ahead, AleaSoft Energy Forecasting expects price declines in the fourth week of April, supported by lower demand and higher wind and solar generation across most markets. However, ongoing movements in natural gas prices are also expected to play a key role in shaping short-term price dynamics across European electricity markets, AleaSoft reports.