European electricity prices take downward turn
- Admin
- Sep 6, 2024
- 1 min read
The fourth week of August saw average electricity prices fall across most major European electricity markets. Price decreases were driven by a fall in weekly average gas prices, an increase in wind production in most markets, and a drop in electricity demand in some markets. Portugal and Spain’s price increases were driven by a decline in wind and solar production. The Italian market continued to record the highest weekly average price. The rest of the analyzed markets had weekly averages below a certain value, with the Nordic market recording the lowest average. All analyzed markets, bar the Italian market, registered negative electricity prices on Aug. 25. AleaSoft expects prices to increase in most analyzed markets driven by a fall in wind energy production and an increase in electricity demand.
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