SEE region: Electricity prices ranged from 54 to 89 euros/MWh in week 7
, SEE Energy NewsIn week 7, European electricity prices decreased compared to the previous week due to the fall in the average price of gas and CO2 emission rights, the drop in demand and the increase in solar energy production. On the other hand, the fall in wind energy production contributed to higher prices in the German and Iberian markets.
In the SEE region, the price of electricity on the exchanges fell in all analysed markets by an average of -5%. Greece, Romania and Bulgaria registered the highest percentage declines of 10%, 7% and 6%, respectively, followed by Hungary with an electricity price plunge of 5%.
All countries registered electricity price losses, with electricity prices being below 70 euros/MWh, except for Italy. Electricity prices ranged between 54-89 euros/MWh. Turkey recorded the lowest wholesale electricity price at a weekly average of 54 euros/MWh, followed by Romania, with the electricity price at 65.18 euros/MWh.
The Italian market registered the highest average price, with 88.75 euros/MWh, followed by Hungary which recorded a price of 69.2 euros/MWh
Weekly average spot electricity prices in Central Europe followed a downward trend during the week. All the markets posted electricity price declines, as the weak electricity demand led to lower prices in most European electricity markets. In addition, the increased wind energy production in most markets favoured this behaviour.
Electricity markets in Central Europe posted prices between 62-69 euros/MWh. Switzerland recorded the highest electricity price at 69.47 euros/MWh, followed by Slovakia which registered an electricity price at 69.25 euros/MWh. France was the cheapest country in Central Europe with electricity prices at 62.37 euros/MWh.
Weekly averages were hovering around 67 euros/MWh in all European electricity markets. Prices ranged from 62.37 euros/MWh in the French market to 88.75 euros/MWh in the Italian market.
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