Weekly average electricity prices increased across all major European markets during the third week of July compared with the previous week, with France recording the sharpest rise and the Nordic market the most limited increase, according to AleaSoft Energy Forecasting.
France posted the largest weekly percentage increase, at 25%, followed by Germany with a 21% rise and Spain with an 18% increase. Prices in the remaining markets analysed rose by between 8.9% in the Netherlands and 12% in Italy and Portugal. The Nordic market recorded the smallest increase, at just 1.2%.
Weekly average prices exceeded €110/MWh in most European electricity markets during the week of 13 July. The Nordic market remained the only exception, with a weekly average of €57.36/MWh.
Italy recorded the highest weekly average price, at €161.23/MWh. Among the other markets analysed, weekly averages ranged from €112.62/MWh in the Netherlands to €131.47/MWh in Great Britain.
The Nordic market remained below €85/MWh throughout the entire third week of July. Germany, Belgium, France and the Netherlands also recorded daily averages below that level during the weekend.
The Nordic market recorded the lowest daily average price of the week on Sunday, 19 July, at €20.69/MWh.
Prices moved in the opposite direction across much of continental Europe. Daily averages exceeded €100/MWh from Monday, 13 July, through Friday, 17 July, in most markets, while Italy and Great Britain also remained above that threshold during the weekend.
Italy recorded the highest daily average price among the markets analysed on Thursday, 16 July, at €170.47/MWh. The level represented the country’s highest daily average since 13 February 2025. Prices subsequently climbed further, reaching €172.56/MWh on Monday, 20 July, the highest level since 21 January 2025.
Spain and Portugal recorded a daily average of €138.11/MWh on 15 July, the highest price in both markets since 18 February 2025.
The weekly rise in European wholesale electricity prices reflected a combination of higher natural gas and EU carbon allowance prices, lower solar generation across most markets and stronger electricity demand in Germany, Spain and Italy.
Lower wind generation also contributed to higher prices in Germany and Portugal, adding to the upward pressure on wholesale markets.
For the fourth week of July, AleaSoft Energy Forecasting expects electricity prices to decline in markets including Germany, Belgium and France, supported by lower demand.
A substantial increase in wind generation in Germany is also expected to contribute to lower prices. However, movements in TTF gas prices will remain a key factor influencing wholesale electricity markets across Europe, AleaSoft Energy Forecasting said.