AleaSoft Energy Forecasting, May 7, 2025. In April, the main European electricity markets registered their lowest monthly prices since at least November 2024, in most cases below €80/MWh. The decline in gas prices, whose futures reached the lowest monthly average since August 2024, is one of the causes of this decline. In addition, there was an increase in photovoltaic energy production, which registered generation records for an April month in Germany, Spain, Italy and France. Moreover, electricity demand and CO2 prices fell. In contrast, wind energy production declined. Brent futures reached the lowest monthly average since May 2021.
In April 2025, prices in the main European electricity markets fell to their lowest monthly levels since at least November 2024, in most cases below €80/MWh.
Source: Prepared by AleaSoft Energy Forecasting using data from OMIE, EPEX SPOT, Nord Pool and GME.
The MIBEL market of Portugal and Spain registered the lowest monthly prices, €25.91/MWh and €26.81/MWh, respectively.
Solar photovoltaic energy production increased in the main European markets, year‑on‑year and compared to March. Germany, Spain, Italy and France reached the all‑time record of solar photovoltaic energy generation for an April month.
Wind energy production decreased in the main European markets both compared to the same month of the previous year and compared to March.
Electricity demand decreased in the main European markets compared to the same period in 2024 and compared to March.
TTF gas futures in the ICE market for the Front‑Month registered the lowest monthly average since August 2024.
The average settlement price of CO2 emission allowance futures in the EEX market for the reference contract of December 2025 in April decreased compared to March.
Brent oil futures for the Front‑Month in the ICE market reached in the month of April 2025 the lowest monthly average since May 2021.
