AleaSoft notes stability in European electricity prices
- Admin
- Aug 2, 2024
- 1 min read
European electricity prices remained stable during the fourth week of July, with price increases in Dutch, German, Nordic, Portuguese, and Spanish markets due to drop in wind and solar energy production in Germany and increased demand in Portugal and Spain. Belgian, British, French, and Italian markets saw price decreases attributed to decreased demand while Italy experienced wind energy production increase. Nordic market had the lowest average price. Most markets had negative electricity prices on at least one day with Dutch market reaching the lowest at -€64.13/MWh. Solar energy production increased in Spain and Portugal but decreased in Germany and Italy. Expectations for the upcoming week suggest similar prices with small changes in different markets.
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