AleaSoft Energy Forecasting, May 5, 2026. In April 2026, monthly prices in most major European electricity markets fell compared to March and were, for the most part, below €85/MWh, with several markets reaching their lowest levels in recent months. Lower gas prices, weaker demand and increased solar energy production supported this trend in a month that also brought historic photovoltaic energy production records and the highest average Brent futures price since August 2022.
In April 2026, monthly average prices fell in most major European electricity markets compared to March and, in most cases, were below €85/MWh.
France registered the lowest monthly average, €39.80/MWh, while Italy registered the highest, €119.47/MWh.
The fall in prices in April allowed Germany, France, Belgium and the Netherlands to reach their lowest monthly levels in recent months.
Source: Prepared by AleaSoft Energy Forecasting using data from OMIE, RTE, Nord Pool and GME.April once again brought new highs for photovoltaic energy. Production using this technology increased in the main European markets both compared to March and in year‑on‑year terms, and all of them reached all‑time records for an April month.
Wind energy production showed an uneven performance. Germany and Italy increased their production compared to April 2025, while the Iberian Peninsula registered declines of 16% in Spain and 34% in Portugal.
Electricity demand showed a mixed performance: it increased in most markets compared to April 2025, but fell in all of them compared to March, influenced by milder temperatures.
TTF gas futures for the Front‑Month in the ICE market averaged €44.98/MWh in April, 15% lower than in March, although they remained above the levels of a year earlier.
CO₂ emission allowance futures for December 2026 in the EEX market reached a monthly average price of €74.04/t in April, 5.7% higher than in March and 10% higher than in April 2025.
Brent oil futures for the Front‑Month in the ICE market registered an average of $102.46/bbl, the highest since August 2022, still shaped by geopolitical uncertainty in the Middle East.
